Ride1Up Prodigy V2 launched as brand’s highest-end (but not high-priced) e-bike yet
Ride1Up, the San Diego-based electric bike maker known for its high-value electric bike offerings, has just released a new bike that pushes the boundary on what to expect from a budget e-bike company. The newly unveiled Ride1Up Prodigy V2 is set to compete with much higher-end electric bicycles from major brands, yet at around half of the cost.
Ride1Up first made waves with the original unveiling and launch of the Prodigy back in late 2021 and early 2022, marking the first mid-drive e-bike for the company.
Now the e-bike maker has reworked that model in the Prodigy V2 unveiled today, and it’s undoubtedly better than ever.
The bike features a Brose TF Sprinter motor with a powerful 90Nm of torque. This German-made mid-drive motor is featured on many high-end electric bikes and is considered to be one of the more sophisticated drives on the market for Class 3 e-bikes that travel at speeds of up to 28 mph (45 km/h). The motor includes a built-in torque sensor for the highest-performance pedal assistance and features Brose’s 1.5-in color display on the handlebars.
The motor is paired with a 504 Wh battery, offering between 30-50 miles (48-80 km) of range depending on the pedal-assist setting. Like nearly all German-made motors, there is no throttle option, which helps result in the bike’s increase range on a single charge. With 90Nm of torque though, the highest power level is sure to make big hill climbs and strong starts easier on riders’ legs, even without a throttle.
The lightweight aluminum frame is built for a comfortable riding geometry and includes features like an air-suspension fork with 100mm of travel, 40 lb. (18 kg) capacity rear rack integrated into the complete fender set, and full LED lighting in the front and rear. For braking, the bike features quad-piston Tektro HD M745 hydraulic disc brakes in the front and rear. Transferring that power (and braking) to the road or trail, the bike rolls on a set of Maxxis Rekon Race 27.5 x 2.25″ tires.
The Ride1Up Prodigy V2 comes in both a step-over and a step-through frame option, and also features two different drivetrain options. The chain-drive version is priced at $2,395 and offers a Shimano Alivio 9-speed cassette with a microSHIFT Advent 9-speed derailleur and a KMC 9-speed chain designed specifically for mid-drive electric bikes. This version of the bike is listed as either the ST (step-through) or XR (step-over).
That 9-speed setup is already a nicer drivetrain with higher-end components than we’re used to seeing on budget-priced electric bikes, but Ride1Up offers an even higher-end option as well.
Priced at $2,695, the Ride1Up Prodigy LS (step-through) and LX (step-over) both feature a Gates carbon belt drive instead of the chain and include an Enviolo Trekking continuously variable transmission rear hub. Compared to traditional internally geared rear hubs, the Enviolo CVT offers infinite step-less gear ratios throughout its gear range.
The bikes weigh between 58-61 lb. (26-27.5 kg) depending on the drivetrain and come in three color options of Onyx Black, Faded Bronze, or Sea Fog (which seems to be a light cream-like color).
While this launch marks Ride1Up’s most premium e-bike yet, the price seriously undercuts many higher-end competitors. For example, the performance is on par with bikes like a Specialized Turbo Vado SL 5.0, yet at less than half the MSRP. Or alternatively, you can find some of these same components on the Serial 1 Rush City, a high-end electric bike that also costs over twice as much as the Ride1Up Prodigy V2.
Electrek’s Take
There’s a lot to like about this e-bike, but I also think it’s important to focus on the value, especially since this is coming from an e-bike brand known for its low prices.
This certainly puts Ride1Up in new territory for its highest-price model yet, but it does so while offering so much value at the same time.
I can compare this to when Rad Power Bikes tried to move into the value-premium market with its “Plus” models, but there’s a major difference. Unlike Rad, which suddenly started offering $2,500 e-bikes with quite similar hub motors and drivetrains as its more standard $1,500 e-bikes, Ride1Up has actually upped the game here. Yes, Ride1Up is in new higher pricing territory, but the company is actually offering more for that price. We’re talking high-end German mid-drive motors, Gates carbon belt drives, continuously variable Enviolo transmissions… the works!
Other e-bike companies, take note: This is how you push your brand into value-premium territory. You do it by actually offering the design and components to warrant such prices. And at the same time, you maintain your selection of quality $1,095 to $1,195 e-bikes for those that still want a more budget-friendly option.
I can’t wait to test out this new Ride1Up Prodigy V2, and I should be back in the next couple weeks with a full review for you guys!
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The Stripe logo on a smartphone with U.S. dollar banknotes in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.
The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.
A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.
McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”
“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.
In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.
Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.
In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies.
Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.
WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal
Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.
Rivian R1S and R1T upgrade deal offers up to $6,000
Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.
After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.
Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.
With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.
Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:
- Tri with Max battery: $6,000 USD / CAD 8,600
- Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
- Dual with Max battery: $3,000 USD / CAD 4,300
The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.
After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”
Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.
The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.
Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.
Electrek’s Take
Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.
Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.
Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.
Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.
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Environment
Hyundai IONIQ 5 and IONIQ 9 lose the $7,500 EV tax credit: Here’s how you can still get it
In a sudden reversal, Hyundai’s new IONIQ 5 and IONIQ 9 EVs no longer qualify for the $7,500 US tax credit. Although this is a major blow to one of the top-selling EV brands in the US, there is still a way you can get the credit. Here’s how.
Hyundai EVs lose US federal tax credit in 2025
After setting another new US retail sales record last year, its fourth straight, Hyundai expected 2025 could be even bigger.
“With exciting new models like the IONIQ 9 and increased US production ramping up at our new Hyundai Motor Group Metaplant America in Georgia, I’m confident this momentum will continue,” Hyundai Motor North America CEO Randy Parker said.
Earlier this month, Hyundai announced its new 2025 IONIQ 5 and IONIQ 9, both made in the US, qualified for the $7,500 federal EV tax credit.
This was significant news because it was the first time Hyundai qualified since the Inflation Reduction Act (IRA) passed in 2022.
The upgraded 2025 IONIQ 5 and Hyundai’s three-row IONIQ 9 were among 25 EVs that qualified for the credit in early January.
According to the updated list from the Department of Energy (DOE) last week, Hyundai no longer has eligible EV models. The only Hyundai Motor Group (including Kia and Genesis) electric cars that qualify are the 2025 Kia EV6 and 2026 Kia EV9. Genesis, Hyundai’s luxury brand, also lost eligibility.
Hyundai began production at its new $7.6 billion EV plant in Georgia in October. The new 2025 IONIQ 5 was the first to roll off the assembly line, which will be joined by Hyundai’s three-row IONIQ 9.
Last year, Hyundai said it expected US-built models would qualify for a partial $3,750 credit until its battery unit with SK On came online, which was expected sometime in 2025.
Kia builds the new 2025 EV6 and three-row EV9 at its West Point, GA plant, enabling it to still qualify for the credit.
Meanwhile, Hyundai is still passing the $7,500 EV tax credit on through leasing. With leases starting as low as $199 per month, the new 2025 IONIQ 5 is still cheaper than a new Toyota RAV4.
With a bigger 84 kWh battery, the 2025 IONIQ 5 has a driving range of up to 328 miles, up from 303 miles in the outgoing model, which had a 77.4 kWh battery. It also gains noticeable design upgrades and now includes an NACS port for charging at Tesla Superchargers.
The IONIQ 5 was already the fourth-top-selling electric vehicle in the US last year. With more range, an upgraded design, and a Tesla NACS port, it will be even more attractive in 2025.
| 2025 Hyundai IONIQ 5 Trim | EV Powertrain | Driving Range (miles) | Starting Price* |
| IONIQ 5 SE RWD Standard Range | 168-horsepower rear motor | 245 | $42,500 |
| IONIQ 5 SE RWD | 225-horsepower rear motor | 318 | $46,550 |
| IONIQ 5 SEL RWD | 225-horsepower rear motor | 318 | $49,500 |
| IONIQ 5 Limited RWD | 225-horsepower rear motor | 318 | $54,200 |
| IONIQ 5 SE Dual Motor AWD | 320-horsepower dual motor | 290 | $50,050 |
| IONIQ 5 SEL Dual Motor AWD | 320-horsepower dual motor | 290 | $53,000 |
| IONIQ 5 XRT Dual Motor AWD | 320 horsepower dual motor | 259 | $55,400 |
| IONIQ 5 Limited Dual Motor AWD | 320-horsepower dual motor | 269 | $58,100 |
Hyundai launched a new promo last week. It offers those who buy or lease the new 2025 IONIQ 5 a free ChargePoint Level 2 EV charger. Alternatively, you can choose a $400 charging credit.
Are you ready to test Hyundai’s new electric vehicles for yourself? We can help you get started. Check out our links below to find deals on Hyundai, Kia, and Genesis EVs at a dealer near you today.
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