A Foldable E-Bike For The Mahindra Chairman (image: x.com/anandmahindra)

Anand Mahindra, the Chairman of Mahindra Group, has posted couple of picture of a foldable diamond shaped e-bike on his X handle. The pictures are of his HORNBACK X1, as he unfolds it and goes for a ride on it around his office premises.

The tweet said that e-bike, which is the first foldable of its type, had full sized wheels, 35 percent more efficiency than other foldable bikes and had a stability at higher speed than at medium speed. The bike has been crafted by a startup, Hornback, which is run by two IIT Bombay alumni. As though on a lighter note, Mr. Mahindra added as a full disclosure that he has investment in the startup.

“A bunch of IIT Bombay guys have made us proud again. They’ve created the first foldable diamond frame e-bike with full-size wheels in the world. That makes the bike not only 35% more efficient than other foldable bikes but it makes the bike stable at higher than medium speed. And it’s the only bike that doesn’t have to be lifted after folding. Took my very own HORNBACK X1 for a spin around the office compound! (Full disclosure: I have invested in their startup.) Hornback is available on Amazon as well as on Flipkart.”

A bunch of IIT Bombay guys have made us proud again. They’ve created the first foldable diamond frame e-bike with full-size wheels in the world. That makes the bike not only 35% more efficient than other foldable bikes but it makes the bike stable at higher than medium speed. And… pic.twitter.com/U1HHGD6rfL

— anand mahindra (@anandmahindra) October 21, 2023

Hornback X1, is an electric bike, with LCD display; 250W, 36Nm motor; 36V, 7.65 Ah battery power and 28” full-sized wheels. It is priced at Rs 44,999. The e-bike can be folded and rolled to anywhere.