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In the world of electric bikes, the words “carbon fiber” usually means big bucks. Actually, it’s the same in the pedal bike industry, it’s just that e-bikes already start out more expensive. That means carbon fiber electric bikes have always commanded premium prices – at least, until now. When Ride1Up rolled out the new CF Racer1 e-bike, it shook up the electric gravel bike market with a reasonably priced direct-to-consumer model that can scratch that lightweight e-bike itch for more hardcore riders.

Priced at $2,295, the CF Racer1 is around half the price that most other carbon fiber gravel e-bikes start at, let alone the even nicer models whose prices head even further north.

But just because it’s a lower-cost bike doesn’t mean it’s cheap. It may not have the most insanely top-shelf components on it, but it’s got a great mix of quality parts and features to fit the needs of the majority of enthusiast riders. If you’re a pro rider, you’re going to be looking at different bikes entirely.

And since Ride1Up focuses on that larger swath of recreational, commuter, and enthusiast riders, the direct-to-consumer sales model means you aren’t paying a big bike shop markup, either.

See the CF Racer1 in action in my video review below, then keep reading for even more info!

Ride1Up CF Racer1 video review

Ride1Up CF Racer1 tech specs

  • Motor: 250W continuous rear hub motor (42 Nm of torque)
  • Top speed: 28 mph (45 km/h)
  • Range: 16-40 miles (25-64 km)
  • Battery: 36V 7Ah (252Wh) with Samsung cells
  • Weight: 28.6 lb (19.2 kg)
  • Load Capacity: 225 lb (102 kg)
  • Frame: Carbon fiber
  • Brakes: SRAM Rival 1 hydraulic disc brakes on 160 mm rotors
  • Extras: Color LCD display with speedometer, battery gauge, PAS level indicator, two frame sizes available in either road or gravel variants, Rival 1 11-speed doubletap shifters
  • Price$2,295

A different kind of riding

The CF Racer1 is a different kind of electric bike intended for a different kind of rider. If you’re familiar with most direct-to-consumer e-bike companies out there, Ride1Up included, then you’ll know the typical D2C e-bike. We’re talking chunky tires, robust (i.e. heavy) frame, throttle activation, budget shifters, etc. You won’t find any of those parts on this e-bike.

That’s because the CF Racer1 is more of a cyclist’s bike. Those drop bars are par for the course in road bikes, but we almost never see them on common budget-minded electric bikes. Same goes for the SRAM Rival 1 shifters, which you press sideways to upshift or press even harder in the same direction to downshift. They certainly feel new to most casual riders (I find myself on bikes with these types of shifters usually just once or twice a year, for example), but they’re easy to use and give you that quality feel that the cheap Shimano stuff on entry-level fat tire bikes just doesn’t have.

The drop bars allow you to lean more forward and get a tighter tuck, which is useful when you’re trying to maintain that top speed of 28 mph and not fight against your own body’s meat sail. However, I find I’m usually up on the horns to sit taller, as I’m not a huge fan of super tucked riding. And when I really want a taller view of the road, I grip the middle portion of the bars for the most comfortable ride. The three positions are a big plus, though I basically never drop down into the lowest position, so it’s more like a two-position bar for me.

The biggest reason I hang out on the horns most of the time is because I also like knowing those brake levers are ready for me, both in city riding in case of unexpected car behavior, and while trail riding in case I come across an obstacle I wasn’t expecting.

Ultra-light, but at a cost

And then of course there’s the carbon fiber frame, which, along with the modest battery and motor specs helps to reduce the weight of the bike to a mere 28 pounds! That’s a featherweight in the e-bike world, believe it or not.

That low weight means you won’t get crazy power or super long-range riding, though you can still get up to 30-40 miles if you keep the pedal assist in a very low power level. And while the 250W motor is fairly low power compared to most of the e-bikes I ride, it’s not meant to be a hot rod. It’s a modest torque motor designed for folks who actually want to pedal and get a workout. It will still take you up to 28 mph – it sure did for me. But you’ve got to be a part of that process, giving your own muscle assist as well in order for the pedal assist to take you to that top speed. In other words, it’s taking the pain out of the ride but it’s not doing all the work for you.

It feels like a good balance of power though, especially on such a lightweight e-bike.

One more part I wish I could have seen added to the electrical system would be a torque sensor. As it stands now, the cadence sensor works fine for riding, but has a bit of sensor lag when you first get rolling – especially if you don’t downshift low enough at stops. That impacts you more in stop/start riding, but for folks who spend long periods of time at constant speed – which is a lot of what this e-bike is designed for – then you won’t notice the cadence sensor very much.

More than paint deep

There are two colors available on the Ride1Up CF Racer1, known as Clouded Gray and Rainbow Black. The bike I’m testing is the Rainbow Black, which may sound like an oxymoron until the sun comes out. As soon as you get some bright light on the paint, it illuminates with a rainbow array of metal flakes, producing a beautiful spectrum of light reflecting off the glossy surface.

It’s hard to capture in photos and videos, though I did my best in the photo above. You can also see a few good shots in my video review at the top of this page. Just know that in real life, the effect is even more pronounced and is truly beautiful to look at.

On the flipside though, when you’re riding in overcast weather, you’ll find that the paint basically just looks like glossy black.

The take-home message

Here’s the thing: The Ride1Up CF Racer1 is a great e-bike, but it’s not for everyone. In fact, it’s not for most people. Most of us are more at home on a Portola fat tire e-bike or a Turris trail bike. You’ve got to be someone who already enjoys riding road bikes (meaning you like to pedal), who doesn’t mind the lack of throttle, and who is comfortable with a tucked ride. But if you’re in the market for a gravel e-bike, that’s probably already you.

In that case, this is a killer deal for a super lightweight carbon fiber electric bike. With options for road or gravel (basically different handlebars and tires), you’ve got all of your bases covered.

So yeah, if you’re a pro rider, this isn’t going to cut it for you. But if you’re like most of us – just someone who enjoys riding and wants to get that electric gravel bike experience without shelling out $5k, then this is the bike for you.

ride1up CF Racer1 gravel e-bike

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Amazon, Google and Meta support tripling nuclear power by 2050

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Amazon, Google and Meta support tripling nuclear power by 2050

Google, Meta, and Amazon join forces to boost nuclear energy by 2050

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.

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French industrial giant Schneider Electric hails the significance of China’s ‘DeepSeek moment’

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French industrial giant Schneider Electric hails the significance of China’s ‘DeepSeek moment'

Schneider Electric chairman says China’s DeepSeek breakthrough is ‘very good’ news

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.

— CNBC’s Ganesh Rao contributed to this report.

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Ailing Swedish EV battery firm Northvolt files for bankruptcy

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Ailing Swedish EV battery firm Northvolt files for bankruptcy

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.

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