Pave Motors

Pave Motors Introduces a Blockchain-Enabled E-Moped

Buying a small electric vehicle (EV) allows you to cease using fossil fuels for personal transportation on short journeys. Using an e-bike or electric moped also enables for home charging rather than stopping at a petrol station to fill up a motorbike, scooter, or moped.

Pave Motors is attempting to meet the demands of this market niche by accepting pre-orders for their Pave Bike e-moped. This moped can be purchased or leased with cryptocurrencies such as USD, BTC, and ETH.

Pave Motors
Pave Bikes are using a private blockchain network, which improves security by utilizing non-fungible tokens (NFTs) to unlock the Bike and enables secure sharing via smart rental contracts.

Each rider receives an NFT, which they may access using their smartphone’s Pave+ app. The NFT provides riders with quick access to their bike, even if they do not have an internet connection.

The companies blockchain network also allows riders to safely share their bikes with other riders, either for free or for a fee.

The Bike is currently only available for purchase and comes with a 24-month limited warranty. The bike’s battery provides 50 miles (80 kilometer) of range per charge; an 80 percent charge takes approximately 90 minutes, while a full charge takes about three hours.

The Bike is priced starting at $108 per month or $3,900 in full. People who want to pre-order the Pave Bike can do so with a $100 deposit.

Reference- Clean Technica, Pave Motors Website, Inside EVs, EV Obsession