Tech giant Xiaomi has unveiled its first foldable electric bike. Dubbed QiCycle, the smart cycle is part of the company’s Mi Ecosystem. It’s priced at $455(INR 30890) and will be available for pre-order in China, starting today. The smart cycle flaunts a lightweight aluminium frame and weighs 13.5kg.

The bike uses a 250W-36V high-speed motor, enabling easy rides even on steep slopes. Having a maximum speed of 20km/h, the cycle has a smart meter which allows you to set different riding speeds.

The bike is backed by a Panasonic 18,650mAh battery with BMS battery management technology. Xiaomi claims that the bike can go up to 45km on a single charge, and the battery takes around 3 hours to get fully charged.