California based company, Mobiky, has release the world's first foldable bike -- the Genius. It supposedly took Mobiky 2 years of research and over $1 million in R&D to develop, so the least you can do is read this blog post. The Mobiky Genius is a 3 speed city bike and can collapse into half its size in 2-3 seconds. The height is adjustable to fit almost any size person. The Genius's dimensions are 50" x 18" x 41" and the bike collapses into 25" x 12" x 32". That's a great size for people like me who live in a small townhouse and would love to stash their bike in a closet. Unfortunately, however, its 29 lb weight and not very impressive biking specs won't win over any real biking enthusiasts. But for the casual biker who can afford the $999, its ability to store in your trunk or closet may just do the trick. Oh and it looks nerdy. Story via I4U
