Source: Fortune
Summary
Infinite Machine’s new e-bike, the Olto, blurs the line between a bike and a moped. The 176-pound vehicle has a moped-style seat position and a throttle that gets it up to 20 miles per hour. CEO Joseph Cohen says the Olto is designed for both the road and the bike lane, but its size and speed may raise concerns among cyclists. Infinite Machine has raised $14.2 million from investors and is exploring new vehicle designs and autonomy. The e-mobility space is notoriously difficult, and the company may face scrutiny from regulators and cyclists.
Our Reading
The strategy enters a familiar phase.
Infinite Machine’s Olto e-bike is a “hack for New York” with its moped-style design and throttle. CEO Joseph Cohen is enthusiastic about the future of transit, but the company may face challenges as it scales. The e-mobility space is notoriously difficult, and the Olto’s size and speed may raise concerns among cyclists. Infinite Machine has a “good relationship” with the New York City transportation department, but the company’s proactive approach may not be enough to address concerns. The Olto’s design may redefine the bike lane, but at what cost to cyclists?
The real threat to safety is not from e-bikes, but from cars and trucks.
Author: Evan Null
