Designed by New Yorkers Agustin Agustinoy, Eric Sevillia, and Lucas Toledo, the Gi-Bike tips the scale at just 37 pounds and has an electric pedal assist good for up to 40 miles. So no, it isn’t a fully electric bicycle, but the real hook here is the single-motion folding ability, effectively cutting the Gi-Bike’s size in half. While it may not be as compact of the Sada Bike , it also seems a lot more practical and futuristic too. The Gi-Bike also includes a GPS device that will lock the bike when it leaves a certain area, and it can even recharge your smartphone.
The trio of inventors have turned to Kickstarter to get their project off the ground, and that’s where we see the real cost of innovation. Early adopters can get the Gi-Bike for $2,995, while the rest of us have to fork over $3,390. So far the trip has raised just over $35,000 of their $400,000 goal, though the design seems a lot more palatable and probable than certain other folding bicycle designs.
Will the Gi-Bike soon invade the streets and apartments of New York City…and beyond?