This is a great idea for indoor bicycle storage: the handlebar and pedals fold flat so the bike can rest neatly against the wall. There's also no grease because the chain has a carbon belt drive. It's a great option for urban cycling: it's lightweight, easy to carry, and doesn't have the bulky handlebars, so it's easily stored in an office, apartment, or for quick transport, when you need to run up a flight of stairs.
In an interview with Treehugger, Graham says,
I noticed that bikes are awkward due to their wide handlebars and pedals. I figured that if you could have a system whereby you could fold the bars and pedals then you'd have a much more storable, luggable bike and therefore could more easily incorporate it into a small apartment lifestyle. I also knew that I wanted a carbon belt drive hence the Schindelhauer choice.
Check out this slideshow for more images .
(Images: Graham Hill, founder of Treehugger.com)