![Pedego Avenue: Lightweight Powerhouse that Upgrades to the Moon [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2023/06/pedego-avenue-decked.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
Pedego Avenue: Lightweight Powerhouse that Upgrades to the Moon [Video]
The Pedego Avenue is a remarkable electric bike that combines the best of customization and performance. Crafted with precision by experts in the American eBike industry, this bike offers a unique riding experience that can be tailored to suit individual preferences. With a minimalist design, powerful motor, and an array of custom-made accessories, the 10 years of development really paid off. For a limited time, Electrek readers can get up to $500 off Pedego bikes including The Avenue.
Solid Foundation
Starting out with a lightweight, and sleek European style frame, the Avenue also holds a hefty battery in the thin downtube. Included stock is a 48v 10.4ah battery, Shimano 7 speed cassette, 500w geared hub motor, 5 levels of pedal assist and full throttle control. For stopping power the Avenue sports puncture resistant tires and 180mm mechanical disc brakes, which make quick work on such a lightweight platform. The adjustable stem compliments the riding position, which can be fitted to several sizes on a single frame. For a bike that can be ready purchased at a local storefront, the Avenue already catches notice, but what really sets this design apart is the wide array of custom made accessories and upgrades.
Frame Options Galore
Inside the bike itself, the battery can be upgraded to hold 14ah in the same form factor, enabling up to 56 miles of range. Whether you prefer a bold and vibrant color or a more understated look, the Avenue offers a range of frame options to choose from. Between the classic step over frame shape and step-through shape, Pedego offers 6 different colors, 2 wheel sizes and 2 frame sizes to match most any rider, which is hard to come-by in the electric bike space.
Custom Accessories to Boot
The curated and sometimes crafted accessories and upgrades for the Pedego Avenue are simply amazing. The front and rear rack for the Avenue secure to the frame as strong as oak, and the rear rack attachment points hide well tucked on the inner face of the seat-stay. This strong base can house the custom fit pannier selection which includes a pet carrier, double pannier, cooler insert, and much more. Inside the pannier, one could hold the pedego flat tire kit, fast charger, flexible link lock, and folding lock (which enables 5 year theft protection).
On top of the cargo accessories, the Avenue can be customized with yet more upgrades, including a front shock, metal pedals, comfort saddle, suspension seat-post, phone holder, fenders, thumb throttle attachment, and a set of integrated lights which include a front, rear and brake light function.
Personal Touch
So how does someone choose with this dizzying array of options? That’s where the Pedego store comes in.
Pedego takes pride in providing exceptional customer service through their extensive network of over 220 retail locations across the United States. Each store is staffed with knowledgeable eBike enthusiasts who are passionate about helping riders find their perfect bike. With expert guidance of over 20 models and personalized recommendations, Pedego’s retail experts ensure that every rider receives the support they need to make informed decisions. Whether you’re a seasoned rider or new to the eBike scene, Pedego’s dedicated team is ready to assist you on your journey.
Pedego Avenue Does it All
With its unparalleled customization options, riders can design their dream ride that reflects their style and personality. The Avenue’s exceptional performance ensures thrilling adventures both stock and decked-out, while the expert support provided by Pedego’s retail locations guarantees a personalized and satisfying buying experience. The Avenue showcases Pedego’s experience and craftsmanship in the USA eBike space.
In July, Pedego is running a promotion – Ride Green, Save Green – where you can save up to 500 USD on their bikes, including the Avenue. Find it at www.pedegoelectricbikes.com or contact a dealer near you.
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Environment
Trump targets solar and wind with tighter federal permitting in another blow to renewable industry
Lucid Motors’ (LCID) shares soared over 50% after the company secured a multi-hundred-million dollar investment from Uber to deploy robotaxis. So, why did Lucid just announce plans for a reverse stock split?
Why did Lucid announce a reverse stock split?
Lucid and Uber announced a new alliance on Thursday to deploy 20,000 electric robotaxis over the next six years.
The new robotaxi service, set to launch next year, will combine Lucid’s advanced software-defined EV platform with Nuro’s Level 4 self-driving tech.
As part of the new alliance, Uber plans to make “multi-hundred-million-dollar investments” in Lucid and Nuro. The first autonomous prototype is already in operation on a closed track at Nuro’s facility in Las Vegas.
Lucid’s interim CEO, Marc Winterhoff, said, “This investment from Uber further validates Lucid’s fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles.” Winteroff claimed that the new alliance “is the start of our path to extend our innovation and technology leadership into this multi-trillion-dollar market.”
The Lucid Gravity boasts an impressive EPA-estimated range of 450 miles. Its electric sedan, the Lucid Air, just broke a Guinness World Record after traveling 749 miles (1,205 km) on a single charge.
Lucid’s partnership with Uber sent share prices surging over 50% during trading hours on Thursday. In a separate filing with the SEC today, Lucid announced plans to initiate a 1-for-10 reverse stock split.
The split won’t affect shareholder ownership, except in cases where fractional shares are created. In that case, shareholders will receive a cash payment.
Lucid said it believes the reverse stock split “will allow the company’s common stock to be more attractive to a broader range of investors and other market participants.”
A vote of confidence
During an interview with Bloomberg on Thursday, Winterhoff explained that a portion of the $300 million investment from Uber will be used to develop the self-driving tech with Nuro. Winterhoff added that Lucid’s surging share price was “a vote of confidence.”
According to Winterhoff, the reverse stock split is not due to Lucid’s fear of being delisted, but rather to attract larger investors.
It was also more of a “technical” strategy to reduce volatility and help Lucid participate in the broader stock market.
Many institutional investors avoid stocks priced below $5 due to the higher risk and price swings. The proposed stock split still requires shareholder approval, which will be voted on at an upcoming special stockholders’ meeting.
After that, Lucid’s Board of Directors will determine whether it’s still in the best interest of the company and its stockholders to proceed.
Lucid’s stock rose over 36% on Thursday, closing at $3.12 per share. Although shares of LCID are up just slightly (+2%), they are now up year-to-date. However, they are still down 18% over the past year and nearly 95% from their all-time high of over $58 a share in February 2021.
Last week, after meeting with Lucid’s CFO, Taoufiq Boussaid, Benchmark analyst Mickey Legg set a target share price of $5.00, which was subsequently raised to $7.00 following the announcement of the Uber partnership.
Legg wrote a note to investors, “After meeting with LCID’s CFO Taoufiq Boussaid on Tuesday and reviewing 2Q production and deliveries, we remain confident in the company’s path to scale.”
Lucid delivered a record 3,309 vehicles in Q2, its seventh straight quarter with higher deliveries. The company aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it made in 2024.
After ending the first quarter with $5.76 billion in liquidity, Lucid said that it has sufficient funding to last until the second half of 2026, when it plans to launch its more affordable midsize EV platform. The first two models will be a midsize SUV and sedan, starting at about $50,000.
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IONNA, the EV charging joint venture backed by eight automakers – BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, Stellantis, and Toyota – just announced its biggest charging deal yet. It’s teaming up with convenience store favorite Wawa to roll out ultra-fast EV chargers at locations across the US.
The first site opens next week at Wawa’s W. International Speedway in Daytona Beach, Florida. More Rechargeries (yup, that’s what IONNA calls them) are already under construction in Bradenton, Pensacola, and Orlando. The partnership will be a big boost to both IONNA’s national charging goals and Wawa’s growing EV infrastructure.
The Daytona Beach Wawa will feature IONNA’s blue-and-orange 400kW Genuine Charge Dispensers, canopy coverage, car care essentials, and, of course, access to Wawa’s refreshments and restrooms.
“Next week’s opening of the IONNA Rechargery at Wawa in Daytona Beach will bring our total bay count to 212 live and 3,064 contracted. That is over 10% contracted to our 2030 live bay goal in just over a year,” said IONNA CEO Seth Cutler.
Wawa’s chief fuel officer, Rich Makin, added, “With an ongoing commitment to providing our customers with speed and convenience, our new collaboration with IONNA does just that.”
IONNA aims to install 30,000 fast charging bays across North America by 2030.
Read more: Waffle House is getting DC fast chargers – and it’s a genius move
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