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Despite global economic woes, Tech NZ has stumped up $500,000 for research and development

Despite global economic woes, Tech NZ has stumped up $500,000 for research and development

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Wed, 02 Sep 2009 12:00a.m.
By Lachlan Forsyth

Designed and constructed in Christchurch, the Yike Bike is about to be launched on the world stage.

Its backers say this example of Kiwi ingenuity will turn urban transport on its head.

“We’re after world domination,” says inventor Grant Ryan.

He says the lightweight, fold-away “mini farthing” will revolutionise inner city transport.

“Most people live in tiny little apartments around the world, and work in offices, and they’ve got nowhere to store a bike,” he says, adding that the Yike Bike can even be taken on the train and up elevators.

Despite global economic woes, Tech NZ has stumped up $500,000 for research and development.

“It is probably a good time to invest in research and development – to keep you ahead of other companies around the world,” says Mark Gallagher of Tech NZ.

Before its official launch at one of the world’s largest bike shows – Germany’s Eurobike – 3 News was given exclusive access to a top secret test session.

There is great faith in its global potential.

“One of the things we look at is whether you can sell this in export markets and can you generate export revenue?” says Mr Gallagher.

“Our big, hairy goal – which is so crazy it is laughable – is to design something that could be the most commonly owned transport device in the world. At the moment, it is bikes,” says Mr Ryan.

Recharging the electric bike is as simple as plugging it in.

But they are not cheap – the carbon-fibre model will retail for more than $7,000, though other more affordable versions will be available.

A helmet will be required for New Zealand roads – but not the target European markets.

“As an inventor you want to see your idea propagate. So it would be cool in 10 to 20 years, if we were to see these buzzing around, and go ‘yeah, we had something to do with that’,” says Mr Ryan.

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Comments [32]

Greg O'Neill
28 Feb 2010 11:00a.m.

It'll get a lot of sales in London where I live. It's super hard to get an electric bike on a train here so it would have lots of appeal. My only question is why does the rear wheel have to be so small and how much suspension are you going to get out of it. I can't see it going well over cobbles which is what a lot of European cities are paved with.

Chris papa
31 Dec 2009 3:08p.m.

Great idea but it needs support from local Governments. It should be safe running on bicycle lanes.
Our Government idiots here in Hong Kong are very conservative, and will not put money buiding bicycle lanes.

John Rodford
20 Dec 2009 3:23p.m.

There sure are a lot of Yike 'street teamers' on the internet, aren't there...
Every article I read about this piece of crap is full of glowing comments such as:

"Go Kiwi!!! you good thing!!!! dude you've got the gift just keep putting it out there and the good things are going to come.... good luck"

"Yike's that looks interesting. Like the look and the dynamics"

"Seen people riding these in chch! looked awesome very efficient"

I wonder how many of these people actually work for Yike?

The bike is abysmal, it's ridiculously overpriced, NOBODY is going to buy one, NOBODY is going to ride one, because you look like an idiot.

Look at this obvious 'street teamer' comment:
"Don't get put off by the negative comments from the sad-sacks. It's a neat idea and will sell in the big European cities. Yes, $7000 seems expensive but that is for the top of range. Anyway, $7000 NZD is only about 2700 Pounds."

Yes, what a bargain. I can get a very nice used CAR for that price. Look at what you get in the car, compared to what you get in the Yike. Look at how much material and man hours went into building an entire CAR, compared to this sad sack overblown roller skate.

How do you carry your shopping on this masterpiece? How about carrying ANYTHING? Who is going to carry round a £4,000 bike in London, without getting mugged?

This is rubbbish, and will totally bomb.

Bruce
19 Oct 2009 8:29p.m.

Go Kiwi!!! you good thing!!!! dude you've got the gift just keep putting it out there and the good things are going to come.... good luck

Mike Coker - Quiqcorp
07 Oct 2009 12:34p.m.

Yike's that looks interesting. Like the look and the dynamics - would like to get in contact to see if the developer would be interested in partnering or assisting with a contact of ours who are making an electric bike for a different market but have also been considering carbon as a base. I'll have to do some searching locally I guess.

Amanda
02 Oct 2009 11:48p.m.

Seen people riding these in chch! looked awesome very efficient and watch them fold them down so easily. as for the price it will go down making them on a mass scale so calm down people. so just ride a normal bike coz we arent their target market neways lol

David
29 Sep 2009 8:13p.m.

Amazing, really good to see something new and inovative it looks like a modern day penny farthing - they say history repeats itself !! www.avagodriving.co.uk

David
20 Sep 2009 5:02p.m.

Having ridden this bike I can honestly say it is awesome. I have never used a motorised bike or scooter, and found it ridable straight away. In NZD it is expensive, but in European terms it is a very affordable transport option. The ease of storage at home and work, plus the ease of transport on the trains/subway make this ideal for the European market. I would suggest that it is even safer than a normal bike as in an emergency stop you simply put your feet down on the ground and hold the Yike behind you, meaning you stop much much faster and with more balance. I would go so far as to say that this is the coolest invention, with the biggest export opportunities to come out of NZ since the Hamilton Jet. It truly is amazing.

Craig
04 Sep 2009 10:07a.m.

IT amazes me how many of you that have commented negatively towards this product. I ask you this simple question how good are your design and thinking skills???. im guessing you couldnt design a brown paper bag to hold your lunch in.... Good on this company for coming up with new and exciting ideas as for the persons that commented on safety and helmets, i agree with your valid points but like they say once you used to it, it comes naturaly, heck humans were never designed to ride standard bikes but we do. as for the plonker that reckons he/she can get a electric car on ebay for the same price hahahahaha id like to see you try, its $7000 in nz dollars doomer . $7000 well that is dear, but when you look at the materials that it is made from and the R&D that has gone into it i can see why (im a engineer by trade).People spend up to $10 000 on a TV , now i think that's a waste of money yet im sure all of you that negatively commented would go buy one of those if you were given the chance.

Japanese Businessman
04 Sep 2009 9:41a.m.

It's pricey, but hopefully the price will come down once manufacturing ramps up. This bike could become cheaper than a Huffy. When you can buy one at Wallmart, THEN you would see it become the most used bike in the world.

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