The company made carriages, bicycles and electric vehicles under the name Waverley Cycles.

[1][2] The Indiana Bicycle company consisted of 8 buildings which produced tools, a forging shop for manufacturing sprockets and cranks, and other buildings for the assembly and manufacture of bicycle parts.

[3] In 1895 the company produced three different bicycles: the Scorcher, the Belle, the Ladies Special Diamond.

[5] In 1899 the company joined a trust which was set up to control the bicycle market in the United States.

Forty-two factories were part of the trust; the major barrier to organizing it was the manufacturer of rubber tires.