Vello Bike was developed by Austrian product designer Vodev for his bike brand Vello, which specialises in bicycles suited to the needs of city dwellers.
Its key features include 50-centimetre-wide wheels and a folding mechanism that is hinge-free, and instead reliant on a magnetic connection that doubles as the bicycle's suspension.
This design ensures that the bike is lightweight and that it can be easily folded into a "small portable companion" within five seconds.
"The bicycle combines innovative technologies and a unique design to offer solutions to known urban challenges, for example, problems switching between bike riding, car and public transportation, and theft protection," explained Vello.
"In just a couple of seconds, it can be carried into public transportation, loaded in the car, or taken on an airplane, and folded for storage in the apartment and office."