The world's first portable electric bicycle is compact, easy to charge, and comes with a USB port for charging your devices so you don't have to be afraid that your mobile will run out of juice while on the go.

Now on Kickstarter, the popular funding platform for innovative and new projects, with a goal of collecting AU$30,000, SitGo is an electric bicycle that can be charged using a car's cigarette lighter socket.

The portable bicycle adheres to the sporty designs of German designer Richard Sapper, and will cost only US$649 (AU$908). The 'device' can be shipped to any part of the world, with free shipping to the U.S., Canada, and Asian and European countries.

Apart from its USB port for charging devices while on the move, SitGo also houses a 360 degree rotating mobile phone holder, enabling users to multitask, such as listening to music while riding.

Following the Korean design, the holder measuring 53 mm x 80 mm is suitable for most cell phones. Additionally, its unique 12V cigarette lighter charging function makes charging easier than ever.

With three simple folding and unfolding steps, SitGo is also easy to store. Users can store it anywhere in the house or even under the office desk. The compact device can be carried on the subway or bus, put inside a car trunk or packed inside a suitcase. As it folds incredibly small, users can even carry the bicycle into cafes, restaurants and bars.

This electric folding bike is lightweight, durable, safe and easy to use. SitGo uses the latest Japanese super quiet brushless motor technology and energy-efficient 36V 8.8AH power lithium battery.

Before being advertised on the crowdfunding platform, SitGo went through several rigorous internal tests, such as the 100,000 shockproof frame tests and 10,000 safety inspection tests.

SitGo is made out of ABS, aerospace aluminum and high-strength stainless steel. It takes three to five hours to fully charge the bicycle. The bike weighs 20 kg and can take load up to 120 kg. For Kickstarter backers, SitGo also offers two bicycles at US$1,350 (AU$1,890).

With nine days to go, the project on the funding platform has already managed to collect AU$23,743.

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