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You must check out: http://www.kickstarter.com/projects/flykly/flykly-smart-wheel?ref=live

In 2011 Niko Klansek introduced the first line of the FlyKly electric bicycles to the USA market. After the first experience with the electric bicycles he realized the many possibilities of how to innovate on the e-bike field. The time was ideal to finally actualize the idea he had for years on how to upgrade the ordinary bicycle with a motor and turn it into a pedal assist. Niko sketched the rough concept and started working with a team of engineers, designers, software developers and bicycle culture researchers and created the first working prototype in early 2013.

Move through busy city streets in no time and spare your energy with the help of Smart Wheel, a pedal assist that encases an ultra-thin electric motor and intelligent electronics within a robust housing, neatly fitted onto the spokes of a bicycle rim. It fits practically any bicycle frame and helps you use your bike more efficiently and comfortably, when and where you need it.

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Smart Wheel is a pedal assist which means it helps you ride your bike effortlessly. The motor turns on when you start pedaling and begins accelerating to your desired speed. It stops when you stop. It saves you time by getting you to your destination faster and gets you there without losing your breath or breaking a sweat. There’s no need to worry about what to wear to that business meeting or 8 o’clock date.