The YikeBike was given its name because, according to the creator, people react to this new mode of transportation by exclaiming, "Yikes!"
The YikeBike is an electric, foldable bike that resembles a Segway mashed into a unicycle. According to a CNN report, the bike weighs 20 pounds, travels at 14 mph, lasts six miles on one charge, and fits into the trunk of a car.
Grant Ryan, the creator, was inspired by the Segway, although the YikeBike is faster and cheaper. The $3600 price tag is still prohibitively expensive for most people, though. Time Magazine ranked it one of 2009's top inventions, and now it is available to the public.