New York-based micromobility startup Infinite Machine has revealed a seated scooter called Olto that will cost $3,495 when it starts shipping later this year.

The Olto will feature 40 miles of range, pulled from an easily swappable 48V lithium-ion battery. Infinite Machine says the Olto will have a top speed of 20 miles per hour in bike lines and “33mph off-road,” powered by a 750W rear hub motor. There is a headlight with high and low beams, as well as turn signals, to help with visibility on the road.

Infinite Machine is also promising the Olto is modular, with the ability to attach or detach elements you might find on a larger cargo bike, like a child carrier, rear rack, or basket. There are even fold-out pedals that can provide pedal-assist propulsion via a chain connected to the rear wheel, which lets the rider use the Olto sort of like an e-bike. And Infinite Machine says the Olto can seat two people, supported by the vehicle’s dual-suspension frame.

It’s a hefty price tag, but it’s less than half of what Infinite Machine is charging for its flagship Cybertruck-style two-wheeler, the P1. That vehicle, which the startup has begun shipping to its first customers, costs $10,000.

The Olto is the newest entry into the always-churning market for electric two-wheelers. That churn has been difficult to navigate, especially in the United States. One of the leading American e-bike brands, Rad Power Bikes, has gone through multiple rounds of layoffs and recently changed its leadership. International brands have struggled to find a foothold in the U.S., too, contributing to the bankruptcy restructurings of VanMoof and Cake.

Infinite Machine began turning heads with the design of the P1 scooter in 2023. It ultimately secured $9 million in late 2024 in a funding round led by Andreessen Horowitz. Founder and CEO Joseph Cohen told TechCrunch at the time that his goal for Infinite Machine was to ultimately have vehicles in every major city around the world.

In the near-term, though, Infinite Machine is focused on the U.S. market — which is a challenging place to sell vehicles like the Olto.

“We think that what we can bring as an American company is an amazing product sensibility that doesn’t exist with the products in the market, and that’s the angle that we’re taking,” Cohen told TechCrunch last year. “We are coming into this category and saying, you know, these plastic things that look like printers, we can do it better. We can make something that feels like your favorite car — but not a car, but something that extends to the city.”