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Big companies set eyes on hardware start-ups

15 Jan 2016  | Jessica Lipsky

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Hybrid biking

Bolt Motorbike's M-1 electric bicycle raised $222,000 on Indiegogo and aims to sell out of its sixth-generation bikes by the end of February 2016. The hybrid bicycle can ride in the bike lane or sidewalk, but reach speeds up to 40mph. Average use is 20mph for a 50-mile ride.


Bolt's M-1 was designed to look like a 1970s or 1980s motorcycle, but with added features such as smartphone mounting and charging.

The M-1 bike is powered by two Lithium Iron Phosphate batteries, rated for over 2,000 cycles. The batteries charge in five hours for an average 21 cents of electricity. At nearly $5,500—the cost of a mid-range motorcycle—Bolt is the perfect expensive gift for a motorcycle-obsessed family member without a licence for two wheels.

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