New York-based micromobility startup Infinite Machine has unveiled its latest electric two-wheeler, the Olto, a modular seated scooter priced at $3,495. Scheduled to start shipping later this year, the Olto aims to make a splash in the competitive electric scooter market with its approachable price point and innovative design.
Equipped with a swappable 48-volt lithium-ion battery, the Olto claims a maximum range of 40 miles per charge. Power comes from a 750-watt rear hub motor, allowing riders to reach speeds of 20 mph while using bike lanes, or up to 33 mph when off-road. The scooter includes essential features such as high and low-beam headlights and built-in turn signals for enhanced road safety.
One of Olto’s key selling points is its modularity. Users can customize their scooter by adding or removing accessories typically found on larger cargo bikes, including child carriers, rear racks, and baskets. Additionally, Olto features fold-out pedals with a chain drive connected to the rear wheel, allowing it to function similarly to an electric bicycle with pedal-assist capabilities. Infinite Machine says the scooter also comfortably accommodates two riders, thanks to its robust dual-suspension frame.
At $3,495, Olto represents a significant price reduction compared to Infinite Machine’s flagship P1 scooter, an eye-catching two-wheeler reminiscent of Tesla’s Cybertruck styling, priced around $10,000. The startup recently began delivering the P1 to its first group of customers.
The launch of Olto comes amid turmoil in the U.S. micromobility sector, where market leaders and international brands alike have faced considerable setbacks. Prominent e-bike company Rad Power Bikes, for instance, underwent leadership changes after multiple layoffs, while overseas brands such as VanMoof and Cake found themselves in dire financial straits, resulting in bankruptcy restructuring.
Infinite Machine, backed by $9 million in recent funding from venture capital firm Andreessen Horowitz, first gained attention for the distinctive design of its higher-end P1 model in 2023. CEO and founder Joseph Cohen previously indicated his intention for Infinite Machine to have products available in major global cities. However, for the immediate future, the company is prioritizing the American market, despite challenges posed by stiff competition and consumer preferences.
Cohen has emphasized that Infinite Machine distinguishes itself through superior product design and quality, aiming to provide electric scooters that resonate with customers by combining automotive-inspired sophistication with urban practicality.
