Urban commute does not seem to get easier anytime soon. The problem is so bad that companies around the world now encourage their employees to ride bicycles, though in India this would give rise to safety issues of its own. But storing bicycles is a problem that some of these companies are struggling with. The Gi FlyBike is designed to solve all those worries. Yes, it is a bicycle at heart, but one that comes with a lot of technology loaded into it. Gi FlyBike is electric, features a sleek design that is unlike any conventional bicycle in the market and collapses with the press of a toggle button. Behind those sleek designs are the use of ultra lightweight aircraft grade aluminium. Since it is electric, riders need not exert themselves as much as they would with analog bicycles. On a single charge, Gi FlyBike is capable of doing 60 kilometres and has a top speed of 24 kmph. The coolest part of this electric bicycle is its foldable mechanism. With the flip of a toggle, the bicycle folds itself by rolling the bike forward on its wheels. The creators of the bicycle, Toledo, Augustinoy and Sevillia say this feature makes it easier to carry the bicycle in an elevator or bus. The Gi FlyBike is smart not only in looks, but also has some smart connectivity features. The bicycle connects with any Android or iOS device over bluetooth and allows users to track their ride, turn on the smart integrated LED light, reminds where the bike is parked and even the integrated lock of the bicycle is unlocked using the app. Another added feature to the app is ridesharing. Users can lend their bicycles from the app. The bicycle comes with a mount to place your phone right between the handle bars and the smartphone can be charged too. Everything is great about this electric bicycle except price. At $1,999, the Gi FlyBike is way too expensive for most people to even give it a second look. Even with such a premium pricing, the Gi FlyBike has already crossed its funding goal. The Gi FlyBike is expected to begin shipping as early as next month.