For about two weeks now, I have been test-riding a new high-tech bicycle. Most of you might be wondering how high-tech could a bike get anyway? The answer: with the new Iacocca Folding E-Bike, pretty hig-tech, actually.

Yes, that's Lee Iacocca of Chrysler cars fame, who has gone into the bike business. His new cycle is a folding, five-gear bike that also happens to be battery powered. The battery, which connects to any standard power outlet, can be removed easily from the bike. Charge it for two hours and you get about two hours of non-pedal travel. If you pedal, it extends the life of the battery, though pedaling does not charge the battery itself. The cycle has a top speed of about 15 miles per hour.

The bike's big New York City selling point is that it folds into half its siye, allowing it to fit into a NYC elevator and actually be stored in my apartment.

The bike costs about $1,400 and is available for purchase from BigPlanet.com -- though currently it's on back order.

As somone who doesn't own a bike, cycling around was a lot of fun. The battery power came in especially handy when trying to get out of a tight jam between speeding taxis.

One more thing: It comes in the shiny yellow you see here (and which I rode around the streets of Manhattan in) and in red and black.