Jive Bike, by Jam Vehicles LTD, was recognized by equity crowdfunding platform Crowdcube as the product of the year for 2013. Jive is an electric, folding and chinless city bicycle that is perfect for urban commuters. The company raised £160,05 from 57 investors in early January 2013 to raise funding for their unique product.
Well for those of you interested in being one of the very first owners of these bikes you may now have your chance. Jive is accepting pre-orders for the first 100 bicycles and 87 have already been claimed. The full price to acquire one of these bikes is £1500 with a 50% deposit required up front. Estimated shipping date is late Summer 2014. Unfortunately the company expects to ship and serve only those residing in London but hopefully the product will expand their reach after the first run.
The bike is expected to reach speeds of just over 15 MPH while using the electric motor but quickly switches to human pedal power whenever you desire. Electric bikes have been growing in popularity and Jive expects to expand delivery of their bike to other European cities in the near future.
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