Called Grace, this $8742 cycle is claimed to be the world’s first handmade (in Germany) “e-bike”. Featuring an 18-31 mile range, 40mph top speed, and a speedy 1-hour recharge time. Video after the break. Click here for first picture in gallery.

Build an aluminum electric bike with euro-fighter and Formula One parts, power its 1300-watt motor with lithium-ion batteries, and you have Grace in motion.

[via Dvice]