Like A Segway, Only Awesome

With gas prices beginning to creep back toward levels that even stubborn H3 pilots can’t ignore, the CMYK Elektric Bike is making a bit of a name for itself (and it’s name is already badass). Taking top honors at this year’s Spark Design Awards and runner-up at the People’s Design Awards, the CMYK seems more than capable of achieving it’s creator’s lofty goals. Intended to be a beautiful, sustainable complement to public transportation, this little guy impresses with a 110 volt battery that can run for 50 minutes on a two hour charge from a standard wall socket, a stable of accessories like grocery baskets and laptop saddle bags, and a sturdy construction that quickly folds down to fit in its own over-the-shoulder satchel. Argentina born, New York City based industrial designer Manuel Saez and his team hope that good design, great intentions, and a sub-$800 price tag will appeal to folks looking to reduce their dependance on the motor vehicle while adding a little awesome to their daily commute. More photos after the jump.