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This weird thing is a 1.2kW electric motor powered, carbon fiber foldable bike called the YikeBike. It's real, unfolds in 15 seconds, and aims to solve the eternal problem of urban mobility, and probably become Woz's favorite new toy.
Folded, the YikeBike only takes 6 x 23.6 x 23.6 inches (150 x 600 x 600 millimeters) and weighs 22 pounds (10 kilograms), so it can be easily carried around. And while its pneumatic wheels may follow an old high wheeler configuration, according to the manufacturer, this thing is designed to be easy to maneuver, and it's equipped with electronic brakes with built-in anti-skid system.

YikeBike Full Specs:

Design and Performance Spec:
Weight: 9.8 kg (21 lbs)
Frame: Carbon composite
Price: Between €3,500 and €3,900
Drive: Electric chainless
Brakes: Electric anti-skid, regen
Speed: 20 km/hr
Power: 1.2 kW, 30min re-charge
Battery: LiFePO4 – fast charge
Range: 10 km
Fold size: Super compact 43 litres
Seat: Leather super comfort
Height: 163 cm – 193 cm limit
Wheel: 20” hubless
Weight limit: 100 kg
Lights: Built in LEDs

Label: bicycle