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@ Bob Stuart: The built-in air cylinders avoid the bouncing. The very first design in 2010 was actually with springs and, indeed too bouncy. The cylinders have a non linear suspension (exponential) that have a great dampening effect.

Loopwheels come in front- and rear-specific versions, one of the key differences being that the springs in the front wheel are twice as compliant as those in the back. This is (presumably) to help keep the wheel that does the steering from being knocked and bounced around, plus it compensates for the fact that more of the rider’s weight tends to be centered over the rear wheel.
He started a company, Softwheel, in 2011. He found support in life sciences firm RAD BioMed Accelerator Group, based in Tel Aviv. With RAD's state-of-the-art facilities at his disposal, Wolf built a team of engineers and designers. Soon after, his product, the Acrobat, was born. The Acrobat is a shock-absorbing wheel invented by Gilad Wolf and his team at Softwheel.