Fast Company's Adele Peters takes a look at a new electric bicycle that features minimal accessories and upgrades to keep it as lightweight and low-cost as possible.

Although it contains a battery and a motor, the crowdfunded, single-speed bike, designed by Propella, skips the fancy gears and technology of comparable models to keep it affordable ($599-$799). The company is targeting regular bike riders—including ones who may not have considered a battery-powered bike before.

"We think that a normal bicycle has been great for over a hundred years," says Tarassoli, co-founder of Propella. "People love them. We would like to take a minimalist approach, and modernize it with electric assist. Meaning it doesn't have to have a giant motor or battery, and we don't need to create another category of transportation. It's really a bicycle with a little bit of electric assist."

Read more >