No its no joke folks.
Braving a near death experience in 2003, Daniel Kim started Lit Motors in early 2010 to "chop a car in half", with a team of just 10 employees.
Their latest venture C-1, an electric mobike is designed keeping in view the comfort of a car and the flamboyance of bikes. Encased in a metal shell with steering wheel and foot pedals, there are two gyroscopes for balance. Although a futuristic technology, the company has already caught the attention of many, with as many as 250 people pre-booking their vehicle for a delivery by 2014 on the company's website.