The $5.5 million machine, named the Bevi Home, was built by Bixby in Japan and is intended to be used for commuting, cycling and shopping.
The Bevi was designed for the Japanese city of Froyo, in Fushimi, which has one of the highest per capita bike ridership rates in the world, at more than 10,000 commuters per day.
Bixby’s engineers were inspired by a similar bike to be built by German company Daimler and the BMW M6, which they hoped would be used by commuters to commute to and from work.
“The Bevis are designed to be very lightweight, compact, low maintenance, high-performance and very reliable,” said Michael Pachter, vice president of product management for Bix by BX, a subsidiary of Bixons.
The $5 million bike has been designed to go on the floor and ride on any bicycle rack that can hold a seat.
The handlebars are made from carbon fiber and the seat has a carbon fiber cover and seat post.
“This is a completely unique design that doesn’t compromise performance,” Pachters told CBS News.
“This is the first of its kind.”
The Bevias main advantage over other bicycle racks is that it has a built-in seat post that stays in place, unlike a standard bicycle rack.
“We didn’t want to limit the rider’s range of motion, so we made it easy to mount,” Puchters said.
“You just grab it from the floor.”
Bixbys top-end bike has a battery, and it’s powered by the company’s proprietary lithium ion battery, which is designed to last a lifetime.
“When you have that battery and the ability to charge it, you can cycle your bike and get out on the street, so that’s where we think the technology is going,” said Pachtters.BX’s bike racks have been popular with riders in Japan.
Last year, Japan’s National Police Agency issued a warning to the public to avoid the use of bike racks.
“As a rule, bicycles should not be used on streets and roads, especially in crowded places,” said the NPA.
“The bicycles that are being sold in Japan, particularly in central Tokyo, are designed for commuting and shopping and they are not for commuting.”
While the Bevis has a high per capita rate of cycling, it’s also one of those things that can be made faster.
Bix’s bikes are designed so that they can go from 0-60 mph in just 2.2 seconds, compared to the 5 seconds that a typical bike takes.
“It is very easy to ride a bike on a crowded street, because there are lots of people going to and fro,” said David Zagner, a transportation analyst for the Insurance Institute for Highway Safety.
“But if you do it from a distance, you have to go slower, because it’s not a safe speed to go at.”
In addition to its high per-capita speed, the Bevis top speed is also significantly faster than most of the bikes on the market.
“It’s a very fast bike,” said Zagners son, Alex ZagNER.
“So it’s more than just a bike that you buy, you get a bike with that speed.”