The Pave BK is a premium 30 mph, fully street-legal motorbike that strikes a great balance between fun and utility. As someone who always checks the top speed specs first when looking at e-bikes, I was pleasantly surprised to learn that while the BK lacked in top speed, it more than made up for it in terms of utility, design, and, more interestingly, technology—but more on that later.
The BK is the first model of the relatively young company Pave, which is based out of Newlab in Brooklyn, NY. To get a better understanding of the electric bike that supposedly utilizes blockchain technology, I headed over to Newlab, where Pave’s co-founder, Nico Nagel, was able to give me an in-depth look at the bike and explain just how it works. First, let’s get some quick specs out of the way.
Pave BK specs
Motor: 3000w brushless rear hub motor
Top speed: 30 mph
Range: Up to 50 miles
Battery: Premium Lithium-Ion 21700 50.4v, 39.2 ah
Charge time: Stock Charger to 80%: 8 h, fast charger to 80 % in 1 hour
Max load: 300 lbs / 150 kg
Weight: 101 lbs without battery
Suspension: Single crown inverted suspension fork in front and comfortable seat for rear.
Brakes: Single piston automotive brakes
Extras: Lock & Unlock: Pave+ Phone Application (iOS & Android) or NFC card, Connectivity: BLE, LTE, Anti-theft: GPS based tracking system
Price: $6,900
The tech
What sets the BK apart from almost all other e-bike manufacturers is their integration with the blockchain for both security and ride-sharing capabilities. The way I understand it, after my talk with Nico, is that with every BK bike, there will be an NFT issued, which will act as a sort of digital title that can prove ownership, as well as record data such as a VIN number and an odometer reading. The NFT token will also be able to act as a key, where if someone were to steal the bike and resell it, the new person would not be able to unlock the bike without having that key.
Additional safety features include a shake-wake feature that will notify the owner when the bike is being moved and activate its GPS even when the main battery is taken out. As for the ride-sharing, the bike comes with an added feature that allows users to set up their own digital contracts with other riders, where a deposit can be required to borrow the bike, and specific requirements will have to be met, which are set up by the owner.
The ride
As for the ride, the bike has an incredibly comfortable 32-inch seat that is made for up to two people to fit. The higher riding position and general lightweight aspect of the bike make for a really nimble e-bike capable of zipping through traffic without a problem. I found that the bike has very adequate braking power and is able to activate regenerative braking automatically when using the standard brakes.
The BK comes with 3 different ride modes plus a boost mode. Pave claims that with its highest setting, the bike can accelerate to 30 mph in just 3.7 seconds. It’s not the fastest out there, but given that this is also a utility bike, I was quite pleased with the performance. Unlike some other electric bikes, the BK is able to switch through the different modes without having to be stopped.
Utility and design
When it comes to the physical design of the bike, the most notable aspect is its minimal visual profile that comes as a result of hiding the battery underneath the seat and hollowing out the entire middle section. For those needing lots of storage on their rides, the bike has a series of optional attachments, including an incredibly spacious basket that can be added to the middle section. For additional space, you can also purchase saddlebags and even carry things on the rear.
I was told that the bike would even be able to carry two extra batteries within the middle section, giving you a total range of 150 miles. But luckily, unless you’re looking to ride 150 miles before having access to the next outlet, there’s a much better option. Available for purchase will be a fast charge that gets you up to 80% in an hour. A few other features include passenger pegs and a built-in phone holder in the front.
Electric’s take:
For those who are looking for a fun, utility electric motorbike that is 100 percent street-legal and don’t necessarily need highway speeds, the BK has plenty to offer. You can ride it with just a regular driver’s license, and you might even be able to get your plates straight from Pave, as you would with a car dealership. The ride is comfortable, and the bike comes with security features that would give me a little more peace of mind than I would usually have.
The use of blockchain within electric motorbikes is something that I look forward to seeing put into action, but with the technology still being pretty new to real-world use cases like this one, I would be very curious to see how it works out when put into action. I can imagine that, like with any new system, there will be plenty of hiccups, but personally, I can’t wait to one day rent one of these from someone while in a new city, especially if I can use the fast charger and carry a large camera bag with me.
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HOUSTON — Amazon, Alphabet’s Google and Meta Platforms on Wednesday said they support efforts to at least triple nuclear energy worldwide by 2050.
The tech companies signed a pledge first adopted in December 2023 by more than 20 countries, including the U.S., at the U.N. Climate Change Conference. Financial institutions including Bank of America, Goldman Sachs and Morgan Stanley backed the pledge last year.
The pledge is nonbinding, but highlights the growing support for expanding nuclear power among leading industries, finance and governments.
Amazon, Google and Meta are increasingly important drivers of energy demand in the U.S. as they build out artificial intelligence centers. The tech sector is turning to nuclear power after concluding that renewables alone won’t provide enough reliable power for their energy needs.
Amazon and Google announced investments last October to help launch small nuclear reactors, technology still under development that the industry hopes will reduce the cost and timelines that have plagued new reactor builds in the U.S.
Meta issued a call in December for nuclear developers to submit proposals to help the tech company add up to four gigawatts of new nuclear in the U.S.
The pledge signed Wednesday was led by the World Nuclear Association on the sidelines of the CERAWeek by S&P Global energy conference in Houston.
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric.
“I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at CONVERGE LIVE in Singapore on Wednesday.
“We need AI to optimize your whole enterprise at all levels, so that you can buy better, consume better, decide better, source better. To do all of this, we need models to operate on a smaller scale,” he added.
Tricoire said the emergence of Chinese AI app DeepSeek showed that AI models can achieve the same results as some of its more established U.S. rivals, but with a much smaller model.
It “will actually spread AI at all levels of the architecture much faster,” Tricoire said. He added that DeepSeek’s blockbuster R1 model would be “fantastic” for improving safety and reliability when deploying AI on dangerous equipment.
“The spread of AI models at every level of what we need is actually very good news,” Tricoire said.
His comments come shortly after Schneider Electric reported record sales and profits in 2024.
The company, which has been a big beneficiary of the artificial intelligence trend, raised its 2025 profit margin following robust fourth-quarter demand for data centers.
Shares of Schneider Electric rose 33% in 2024, following a 39% upswing in 2023. The Paris-listed stock is down around 7% year to date, however, with China’s recent AI push sparking concerns about AI investment and tech sector returns.
Data centers, which consume an ever-increasing amount of energy, represent a key piece of infrastructure behind modern-day cloud computing and AI applications.
A Northvolt building in Sweden, photographed in February 2022.
Mikael Sjoberg | Bloomberg | Getty Images
Struggling electric vehicle battery manufacturer Northvolt on Wednesday said it has filed for bankruptcy in Sweden.
The firm said it that it submitted the insolvency filing after an “exhaustive effort to explore all available means to secure a viable financial and operational future for the company.”
“Like many companies in the battery sector, Northvolt has experienced a series of compounding challenges in recent months that eroded its financial position, including rising capital costs, geopolitical instability, subsequent supply chain disruptions, and shifts in market demand,” Northvolt noted.
“Further to this backdrop, the company has faced significant internal challenges in its ramp-up of production, both in ways that were expected by engagement in what is a highly complex industry, and others which were unforeseen.”
Northvolt’s collapse into insolvency deals a major blow to Europe’s ambition to become self-sufficient and build out its own EV battery supply chain to catch up to China, which leads as the world’s largest market for electric vehicles by a wide margin.
The Swedish battery firm had been seeking financial support to continue its operations amid an ongoing Chapter 11 restructuring process in the United States, which it kicked off in November.
“Despite liquidity support from our lenders and key counterparties, the company was unable to secure the necessary financial conditions to continue in its current form,” Northvolt said Wednesday.
Northvolt said a Swedish court-appointed trustee will oversee the company’s bankruptcy process, including the sale of the business and its assets and settlement of outstanding obligations.