Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Aside from their health and environmental benefits, bikes are probably best known for being cost-effective methods of transportation.

But that doesn’t mean that all bike owners are looking to cut transportation costs. In fact, a new group is now making an impact on the biking industry – the super rich.

E-bikes are battery powered bicycles that have become popular in several European countries. They sell for up to 40,000 euros ($45,000). And they don’t even require users to pedal. So riders can even go up and down hills without really breaking a sweat.