Vello: the urban bike that folds up with a kick

View of VELLO SPEEDSTER by Vello Bike

An urban bike that folds up with a simple kick could soon be coming to a city near you.

"Vello" is a lightweight racing bike with an integrated magnetic shock absorber that allows the frame to fold in half for easy portability.

Bulky accessories are kept to a minimum as the lights are integrated seamlessly into the steel, unisex frame. Fenders fold with the bike.

The bike comes in three different versions -- "Speedster," "Urbano" and "Rocky." Each features 20-inch wheels for a faster, more responsive ride.

Following its debut at Vienna Design Week earlier this month, Vello is currently listed on crowdfunding website Kickstarter, where it has surpassed its target.

The bike can be ordered from $795 with shipping expected to begin in March 2015.