Brooklyn-based e-bike conversion kit maker CLIP has launched BOLT, a front-mounted electric motor designed to transform standard bicycles into e-bikes. The company is marketing the device as the world’s most affordable quick-install e-bike upgrade, with a focus on making electrified transportation accessible in low-to-moderate income communities and emerging markets.
Unlike traditional e-bikes, which often start at around US $1,000 and go up quickly from there, BOLT is positioned as a low-cost alternative. The device features a 450W motor and a swappable battery system, providing pedal assistance up to 15 mph (25 km/h).
The kit installs on the front fork of most adult bicycles, making it an option for riders who want an e-bike experience without purchasing a dedicated electric bicycle.
While CLIP has previously targeted the business-to-consumer (B2C) market with its easily mountable e-bike conversion kits, BOLT will be distributed primarily through business-to-business (B2B) channels. The company seems to have its sights set on bike sharing and other commercial operators of bike fleets.
Advertisement – scroll for more content
In the US and Europe, CLIP is selling the system to businesses for $250, including two 144 Wh battery packs. In emerging markets, BOLT will be offered at a $100 price point, excluding the battery, with users paying a $5 per month subscription fee to access rechargeable battery swaps through local partners.
“BOLT is designed to make e-bike commuting truly accessible and equitable for people everywhere, from New York to New Delhi,” said Som Ray, Founder and CEO of CLIP. “BOLT removes the price barriers of traditional e-bikes while maximizing environmental impact to scale sustainable transportation worldwide.”
CLIP is framing BOLT as both an environmental and social mobility tool, citing the high cost of traditional e-bikes as a barrier to widespread adoption. The company states that over 60% of its riders come from low-to-moderate-income communities, and it plans to partner with local organizations to expand access.
The product is being marketed as a low-impact alternative to full e-bike production, with CLIP claiming that BOLT requires 50 times fewer resources to manufacture and has a 30 times smaller logistics footprint compared to conventional e-bikes. The system is manufactured in Kolkata, India, with localized assembly in North America, Europe, and India.
CLIP has positioned BOLT as a disruptive force in e-bike affordability, which tracks with the device’s rather rare design. Instead of a traditional hub motor or mid-drive motor, CLIP uses a friction drive that presses against the front tire of the bike, forcing it to roll forward. The device’s front-mounted motor configuration is notably different from mid-drive or rear-hub e-bike motors. Additionally, its business-to-business sales model means that individual riders will not be able to purchase the system directly, relying instead on third-party distribution networks.
The company has yet to announce specific partnerships or large-scale deployments, though it has set ambitious climate goals. It claims that widespread adoption of BOLT could eliminate up to 3.7 million metric tons of carbon dioxide emissions annually.
As BOLT appears set to enter the market, its impact on the growing e-bike sector remains to be seen. With its low price point and modular design, the system could appeal to budget-conscious riders if it proves to be a viable and reliable alternative to traditional e-bikes.
FTC: We use income earning auto affiliate links.More.
Paris’ bike-share system, Vélib has long been considered one of the shining success stories of urban micromobility. With a massive fleet of over 20,000 pedal and electric-assist bicycles around Paris, the service has helped millions of residents and tourists get around the City of Light without needing a car or scooter. But lately, a growing problem is threatening to knock the wheels off this urban mobility marvel: theft and joyriding.
According to city officials and the service operator, more than 600 Vélib bikes are now going missing every single week. That’s over 30 bikes a day simply vanishing from the system – some stolen outright, others taken on “joy rides” and never returned.
“At the moment we’re missing 3,000 bikes,” explained Sylvain Raifaud, head of the Agemob company that currently operates the Velib system. That’s nearly 15% of over 20,000 Vélib bikes across Paris.
The sticky-fingered culprits aren’t necessarily professional thieves or organized crime rings. Instead, they’re often regular users who treat the shared bikes like disposable toys.
Advertisement – scroll for more content
The city estimates that many people have figured out how to pry the bikes out of the system’s parking docks, unlocking one for a casual cruise and then ditching it somewhere far from a docking station.
Once pried free, the bikes are technically usable for the next 24 hours until their automatic locking feature kicks in. At that point, the bikes are often simply abandoned. Some end up in alleyways. Others get tossed in rivers. A few just disappear completely.
And since the bikes are intended to be parked at their many docking stations around the city, they don’t have GPS chips, further complicating recovery of “liberated” bikes.
The issue started small but has grown into more than an inconvenience – it’s beginning to undermine the entire purpose of the service. With bikes going missing at such a high rate, many Vélib docking stations are left empty, especially during rush hours.
Riders looking for a quick commute or a convenient hop across town are increasingly finding themselves without available bikes, or having to walk long distances to find a functioning one.
That kind of unreliability chips away at user confidence and threatens to drive potential riders back into cars, cabs, or other less sustainable forms of transport at a time when Paris has already made great strides to dramatically reduce car usage in the city.
The losses are financially painful, too. Replacing stolen or vandalized bikes isn’t cheap, and the resources spent on tracking down missing equipment or reinforcing anti-theft measures are stretching thin. Vélib has faced theft and vandalism issues before, especially during its early years, but this latest surge has officials sounding the alarm with renewed urgency.
Officials acknowledge that there’s no easy fix. Paris, like many cities with bike-share systems, walks a fine line between accessibility and accountability. Part of what makes Vélib so successful is its ease of use and widespread availability. But those same features make it vulnerable to misuse – especially when enforcement is limited and the consequences for abuse are minimal.
The timing of the problem is especially unfortunate. In recent years, Paris has seen impressive results in reducing car traffic, expanding bike lanes, and promoting cycling as a key part of its sustainable transport strategy. Vélib is a cornerstone of that plan. But if the system becomes too unreliable, it risks losing the very people it was designed to serve.
Meanwhile, as Parisians increasingly find themselves staring at empty docks, the challenge for the city and Vélib will be to restore confidence in the system without making it harder to use. That means striking the right balance between freedom and responsibility, between open access and protection against abuse.
In a city where cycling is supposed to be the future of mobility, losing thousands of bikes to joyriders and sticky fingers isn’t just frustrating; it’s unsustainable.
FTC: We use income earning auto affiliate links.More.
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025.
Nathan Howard | Reuters
When they lose a significant other, most men do indeed become a “TRAIN WRECK.” Then they pick up the pieces of their lives and start living again — paying attention to their personal grooming, hitting the gym and discovering new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
— CNBC’s Erin Doherty contributed to this report.
What you need to know today
And finally…
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China.
US President Donald Trump, right, and Elon Musk, chief executive officer of Tesla Inc., during a news conference in the Oval Office of the White House in Washington, DC, US, on Friday, May 30, 2025.
Francis Chung | Bloomberg | Getty Images
When they find themselves without a significant other, most men finally start living: They pay attention to their personal grooming, hit the gym and discover new hobbies.
What does the world’s richest man do? He starts a political party.
Last weekend, as the United States celebrated its independence from the British in 1776, Elon Musk enshrined his sovereignty from U.S. President Donald Trump by establishing the creatively named “American Party.”
Few details have been revealed, but Musk said the party will focus on “just 2 or 3 Senate seats and 8 to 10 House districts,” and will have legislative discussions “with both parties” — referring to the U.S. Democratic and Republican Parties.
It might be easier to realize Musk’s dream of colonizing Mars than to bridge the political aisle in the U.S. government today.
To be fair, some thought appeared to be behind the move. Musk decided to form the party after holding a poll on X in which 65.4% of respondents voted in favor.
Folks, here’s direct democracy — and the powerful post-separation motivation — in action.
[PRO] Wall Street is growing cautious on European equities. As investors seek shelter from tumult in U.S., the Stoxx 600 index has risen 6.6% year to date. Analysts, however, think the foundations of that growth could be shaky.
And finally…
Ayrton Senna driving the Marlboro McLaren during the Belgian Grand Prix in 1992.
Pascal Rondeau | Hulton Archive | Getty Images
The CEO mindset is shifting. It’s no longer all about winning
CEOs today aren’t just steering companies — they’re navigating a minefield. From geopolitical shocks and economic volatility to rapid shifts in tech and consumer behavior, the playbook for leadership is being rewritten in real time.
In an exclusive interview with CNBC earlier this week, McLaren Racing CEO Zak Brown outlined a leadership approach centered on urgency, momentum and learning from failure.