You are completely right.
There are no new paradigm at all,
ETRTO 507 wheels for folders has already be done and is not widely used because it is a drawback and not a benefit.
The folding method isn't new either, there are other folders with similar folding (Tyrell for instance).
Titanium is also not new for a folder.
The only thing really different is the price, let see if Peter is able to produce the 1000+ bikes for the backers. As Raxel says, 2 million is not a lot when there are 1000+ bikes to build with that money.
And indeed, more than 3 years after the end of KS campaign, the market has changed, the demand for folders is stagnating, the market is now looking for electric assist folders. For remembrance, Brompton CEO promised to double the sales when Brompton moved to its new factory. This didn't happen, Brompton sales are stagnating a little below 50K pieces/year..