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In a market full of complicated tech, sky-high torque specs, and smartphone apps to control an e-bike, New York-based Priority Bicycles is going in the opposite direction with the launch of its newest model: the Priority Glide, a lightweight, fuss-free e-bike that brings belt drive simplicity to the masses.

Unveiled yesterday, the Glide appears to be built for riders who want a clean, low-maintenance electric bike without the intimidating menus or mechanical clutter.

It sticks with the same game plan that has come to define Priority Bicycles: rolling out high-end bicycles designed to be almost entirely maintenance free, yet at prices well below the typical bike shop sticker shock.

In this case, with an MSRP of $1,799 plus a $400 off launch discount until August 4 (discount code RIDEAGLIDE), it also happens to be one of the most affordable electric bikes on the market featuring a Gates Carbon Drive belt system paired with an internally geared rear hub transmission. We’ve seen low-cost belt drive e-bikes before, but they are generally single-speed bikes.

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With the Priority Glide, you not only get the much-lauded maintenance-free Gates carbon belt drive system, but you also get the equally maintenance-free Nexus 3 rear hub transmission, which replaces a derailleur for simpler, cleaner, and hassle-free shifting – even at a stop.

The Glide slots in below Priority’s existing E-Classic Plus, maintaining the company’s signature style: classic lines, upright posture, and zero grease. The frame uses a dropped top tube for an easier step-over design, which strikes a balance between traditional geometry and easy on-off access. Add in dual-piston hydraulic disc brakes on 180mm rotors, 700c x 38mm puncture-resistant tires, double center kickstand for stable upright parking, front and rear LED lights, full composite fenders, and a thumb throttle, and you’ve got a commuter-friendly package designed to keep things simple, clean, and easy to ride on either pedal assist or throttle operation.

With a max payload of 300 lb (136 kg) and available in two different frame sizes, the Glide is designed to better fit a range of riders. And with two color offerings of blue and black, it’s also hoping to fit a range of tastes.

The Glide is powered by a 350W front hub motor paired with a 374Wh removable battery tucked into the downtube. Together, they help the bike reach a top assisted speed of 20 mph (32 km/h). Range is listed as 20 miles (32 km) on throttle or up to 60 miles (96 km) with pedal assist.

It’s a modestly powerful setup, but one that should be enough for neighborhood rides, errands, or a short daily commute. The reduced motor and battery size also help the bike tip the scales at just 49 lb (22.2 kg), making it one of the few sub-50 lb direct-to-consumer e-bikes on the market these days.

With the lower power motor, the somewhat lower capacity battery should last a bit longer, providing modest assist that doesn’t overwhelm. Riders get three pedal assist levels to choose from, at least when they’re not making use of that thumb throttle, and the bike’s Shimano Nexus 3-speed internal hub helps keep shifting smooth. One of the best features of an internally geared rear hub is that shifting can be done while standing still, such as when a rider has forgotten to downshift after a speedy section (which seems to happen at least once a week to me).

The other major advantage of internally geared hubs is of course that there’s no derailleur to fiddle with, no chain to lube (thanks to the belt drive), and no overly complicated electronic shifting. Just hop on, tap the throttle if you feel like cheating a hill, and cruise.

“Riding should be simple, enjoyable, and something people look forward to every day,” said Priority co-founder and CMO Connor Swegle. “Our goal with the Glide is to remove the barriers that keep people from riding more—whether that’s complicated maintenance, intimidating tech, or bulky designs.”

Electrek’s Take

I’ve become a big fan of Priority Bicycles since I bought my first one back in 2020. They’re well known for building with higher quality parts (they don’t rust because they use non-corroding hardware, for example), let alone the fact that they always opt for Gates belt drives and other high-end drive components. And the reason they can offer such good bikes at reasonable prices is because they offer a hybrid model. Founded and run by true cyclists, they have their traditional bike shop in Manhattan yet also operate as a direct-to-consumer company, allowing them to cut out the bike shop model and offer lower costs to consumers. In this case, they’ve demonstrated that advantage quite well with the Priority Glide.

In a world of carbon-framed fancy bikes that cost an arm and a leg, or torque monsters that can lay down a rubber snake in the bike lane, it’s refreshing to see a company lean into the simple joy of riding. The Priority Glide won’t win drag races or cross mountain ranges, but that’s not the point. It’s a clean, practical, approachable ride designed especially for folks who want an electric bike that looks and feels like a regular bike, but that doesn’t require the maintenance of a regular bike. And with parts like a Gates belt drive, nice hydraulic brakes, and a Shimano Nexus 3 at this price, it’s hard not to be impressed.

The cherry on top would have been a torque sensor, which would have had me over the moon, but hey – I guess they have to leave me something to whine about!

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This $900 million solar farm in Texas is going 100% to data centers

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This 0 million solar farm in Texas is going 100% to data centers

Enbridge is going big on solar again in Texas, and Meta is snapping up all the solar power it can get.

Last month, Electrek reported that the Canadian oil and gas pipeline giant just launched its first solar farm in Texas. Now it’s given the green light to Clear Fork, a 600 megawatt (MW) utility-scale solar farm already under construction near San Antonio. The project is expected to come online in summer 2027.

Once it’s up and running, every bit of Clear Fork’s electricity will go to Meta Platforms under a long-term contract. Meta will use the solar power to help run its energy-hungry data centers entirely on clean energy.

The solar farm project’s cost is around $900 million. Enbridge says it expects Clear Fork to boost the company’s cash flow and earnings starting in 2027.

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Enbridge EVP Matthew Akman said the project reflects “growing demand for renewable power across North America from blue-chip companies involved in technology and data center operations.”

Meta’s head of global energy, Urvi Parekh, added that the company is “thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy.”

Meta’s first multi-gigawatt data center, Prometheus, is expected to come online in 2026.

Clear Fork is part of a growing trend: tech giants like Meta, Amazon, and Google are racing to lock down renewable energy contracts as they expand their fleets of AI-ready data centers, which use massive amounts of electricity.


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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Isuzu’s first electric pickup is impressive, but it’s not cheap

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Isuzu's first electric pickup is impressive, but it's not cheap

A fully electric Japanese electric pickup truck? It’s not a Toyota or Honda, but Isuzu’s new electric pickup packs a punch. The D-MAX EV can tow over 7,770 lbs (3,500 kg), plow through nearly 24″ (600 mm) of water, and it even has a dedicated Terrain Mode for extreme off-roading. However, it comes at a cost.

Meet Isuzu’s first electric pickup: The D-MAX EV

After announcing that it had begun building left-hand drive D-MAX EV models at the end of April, Isuzu said that it would start shipping them to Europe in the third quarter.

By the end of the year, Isuzu will begin production of right-hand drive models for the UK. Sales will follow in early 2026.

Isuzu announced prices this week, boasting the D-MAX EV features the same “no compromise durability” of the current diesel version.

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The D-MAX EV pickup features a full-time 4WD system, a towing capacity of up to 3.5 tons (7,700 lbs), and an added Terrain Mode, which Isuzu says is designed for “extreme off-road capability.” With 210 mm (8.3″) of ground clearance, Isuzu’s electric pickup can wade through up to 600 mm (24″) of water.

Powered by a 66.9 kWh battery, Isuzu’s electric pickup offers a WLTP range of 163 miles. With charging speeds of up to 50 kW, the D-MAX EV can recharge from 20% to 80% in about an hour.

The electric version is nearly identical to the current diesel-powered D-Max, both inside and out, but prices will be significantly higher.

Isuzu D-Max EV specs and prices
Drive System Full-time 4×4
Battery Type Lithium-ion
Battery Capacity 66.9 kWh
WLTP driving range 163 miles
Max Output 130 kW (174 hp)
Max Torque 325 Nm
Max Speed Over 130 km/h (+80 mph)
Max Payload 1,000 kg (+2,200 lbs)
Max Towing Capacity 3.5t (+7,700 lbs)
Ground Clearance 210 mm
Wading Depth 600 mm
Starting Price (*Ex. VAT) £59,995 ($81,000)
Isuzu D-Max EV electric pickup prices and specs

Isuzu’s electric pickup will be priced from £59,995 ($81,000), not including VAT. The double cab variant starts at £60,995 ($82,500). In comparison, the diesel model starts at £36,755 ($50,000).

The EV pickup will launch in extended and double cab variants with two premium trims: the eDL40 and V-Cross. Pre-sales will begin later this year with the first UK arrivals scheduled for February 2026. Customer deliveries are set to follow in March.

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AI startups raised $104 billion in first half of year, but exits tell a different story

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AI startups raised 4 billion in first half of year, but exits tell a different story

In this photo illustration, Claude AI logo is seen on a smartphone and Anthropic logo on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Sopa Images | Lightrocket | Getty Images

OpenAI and Anthropic continue to lead a fundraising bonanza in artificial intelligence, raising historic rounds and stratospheric valuations.

But when it comes to finding AI exits for venture firms, the market looks a lot different.

AI startups raised $104.3 billion in the U.S. in the first half of this year, nearly matching the $104.4 billion total for 2024, according to PitchBook. Almost two-thirds of all U.S. venture funding went to AI, up from 49% last year, PitchBook said.

The biggest deals follow a familiar theme. OpenAI raised a record $40 billion in March in a round led by SoftBank. Meta poured $14.3 billion into Scale AI in June as part of a way to hire away CEO Alexandr Wang and a few other top staffers. OpenAI rival Anthropic raised $3.5 billion, while Safe Superintelligence, a nascent startup started by OpenAI co-founder Ilya Sutskever, raised $2 billion.

While Meta’s massive investment into Scale AI amounted to a lucrative exit of sorts for early investors, the overarching trend has been a lot more money going in than coming out.

In the first half, there were 281 VC-backed exits totaling $36 billion, according to PitchBook. That includes the roughly $700 million acquisition of EvolutionIQ, an AI platform for disability and injury claims management, by CCC Intelligent Solutions, and the public listing of Slide Insurance, which builds AI-powered insurance offerings for homeowners. Slide is valued at about $2.3 billion.

Read more CNBC reporting on AI

“The dominant exit trend right now is frequent but lower-value acquisitions and fewer IPOs with significantly higher value,” said Dimitri Zabelin, PitchBook’s senior research analyst for AI and cybersecurity.

CoreWeave’s IPO, which took place at the very end of the first quarter, was the exception on the infrastructure side. The stock shot up 340% in the second quarter, and the company is now valued at over $63 billion.

Zabelin said the pattern of more investments in applications with smaller deals has been in place for the past year.

“Vertical solutions tend to plug more easily into existing enterprise gaps,” Zabelin said.

The acquisitions wave is being driven, in part, by what Zabelin calls bolt-on deals where larger companies buy smaller startups to enhance their own future valuations, hoping to enhance their value ahead of a future sale or IPO.

“That also has to do with the current liquidity conditions in the macro environment,” Zabelin said.

Outside of AI, activity is slow. U.S. fintech funding dropped 42% in the first half of the year to $10.5 billion, according to Tracxn. Cloud software and crypto have also seen sharp pullbacks.

Zabelin said IPO activity could pick up if economic conditions improve and if interest rates come down. Investors clearly want opportunities to back promising AI companies, he said.

“The appetite for AI, specifically vertical applications, will continue to remain robust,” Zabelin said.

— CNBC’s Kevin Schmidt contributed to this report.

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