Constructed and designed in New Zealand, the YikeBike is touted as “the worlds smallest, lightest electric folding bicycle at less than 10kg.” Available mid-2010, priced at $6,000. Continue reading to see it in-action.

The most awesome thing about this 21-pound bike (apart from those cool red, amber and green lights on the handlebars) is the fact that it can fold up into a minuscule little pack.

[via Dvice]