Gizmag has featured a number of folding electric bikes, such as the Voltitude V1 and the BigFish Line+, but Mariano Bossana, COO of Gi, says that the GiBike was created to fill another gap in the market. "GiBike is a result of our own necessities," he explains to Gizmag." We couldn't find a bike which identifies with us, which represents our feelings as cyclists."

Those necessities include portability (with the GiBike claimed able to be collapsed and readied for carrying in three seconds), powered assistance (giving the bike a range of 40 miles/64 km and a top speed of 15 mph/25 km/h), and smartphone connectivity that allows it to provide directions, connect to social networks and charge the user's phone.