I've read elsewhere that the guy that designed it is looking for a manufacturer--and he's from the Netherlands, where a "typical" bike price is around $700 US.
There's been a lot of discussion of the bike on various other bicycling forums.
People who have uprights wonder why you'd ever want a recumbent at all, and recumbent-bike riders wonder why you'd ever use it as an upright.
One advantage of such a bike (that I can see) is that most urban buses and trains that have bike racks, are usually only long enough to accommodate standard-length bikes, and many of these have rules against mounting any bicycle that won't fit into the racks properly. With this bike you could use it as a recumbent, and then switch it to an upright when you had to place it on a bicycle carrier (on a bus or train).
Standard for in town visability and quick steering. Recumbent for a stable, slow steering platform with lower wind drag for open road use. ....
I don't know how familiar you are with recumbents.
I don't have any problems with the steering of
mine, even in city traffic. The main thing I cannot do is ride up curbs, but most corners in the city have wheelchair ramps, and technically (in the US) one isn't supposed to normally ride on sidewalks anyway--especially city sidewalks full of pedestrians--so this hasn't ever been much of something I've missed since getting rid of my upright bikes.
The aerodynamic benefit of recumbents depends a lot on how reclined the seating position is. Many that sit quite upright (such as mine, and probably the convertible one mentioned) don't have significantly less drag than a normal upright bike does. The main cause of drag is your torso, so until that is fairly reclined there's not much advantage there. You don't really get aero benefits you can "feel" until you get into high-foot-position, steeply reclined bikes like the
Bachetta Strada.
The main benefit of recumbents is
riding comfort. Most of the typical riding pain you get on an upright bike (sore butt, numb hands, sore neck) simply never happens. People who will not tolerate riding even five miles on an upright bike will usually ride three to five times that far on a recumbent, if not farther.
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