You may have seen images or even video of the YikeBike floating around the internet for quite some time now, but today, the world’s first lightweight electric folding bike has gone on sale, priced at $3600. At 22-pounds, it “runs at 14-mph for up to 6.2 miles on a charge; the front wheel measures 20-inches, the rear is 8-inches.” Videos after the break. Click here for more pictures.

You ride it by sitting on the combined saddle/handlebar, and when you reach your destination (or the battery dies – both are equally likely), then you scissor the wheels together, fold in the appendages and hook on the carrying strap (included).

[via Wired]