Best Budget Folding Electric Bikes Under $1000 – Affordable Friendly Options

By Chris Wilson


Electric bikes are such an amazing and energy-efficient option for both city and adventurous riding. However, with an electric folding bike, you can do so much more, but more importantly, save a lot of space. 

Still, it can be quite confusing picking out the best ones that check many boxes such as reinforced durability, peak performance, and phenomenal functionality at a pocket-friendly price. We took the liberty of reviewing some of the best options on the market, and hopefully, they’ll wow you too.

Editor's 1st Choice

Lectric XP 2.0 Black

Overall Rating:

  • Riders Weight Limit330 lbs (150 kg)
  • Motor | 500W Brushless Geared Rear Hub Motor
  • Range | Up to 45+ Miles per Charge
  • Battery | 48V, 9.6Ah Lithium-ion Battery
  • Speed | 28 MPH

Learn More!

Editor's 2nd Choice

EBE1 Electric Bike

Overall Rating:

  • Riders Weight Limit265 lbs (120 kg)
  • Motor | 350 Watt Motor
  • Range | Up to 27.9 Miles per Charge
  • Battery | 36V, 7.5Ah Lithium-ion Battery
  • Speed | 15.5 MPH

Learn More!

Editor's 3rd Choice

XP™ Step-Thru 2.0 White

Overall Rating:

  • Riders Weight Limit | 330 lbs (150 kg
  • Motor | 500W Brushless Geared Rear Hub Motor
  • Range | Up to 45+ Miles per Charge
  • Battery | 48V, 9.6Ah Lithium-ion Battery
  • Speed | 28 MPH

Learn More!

Show Editor's Recommendations From Amazon

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Lectric XP 2.0 Black

The Lectric XP 2.0 is the second generation of Lectric's original flagship offering—Lectric XP. This is an e-bike for the ordinary rider; if you're not an avid cyclist with a stuntman personality, this is an ideal e-bike for you as it can do everything you'll need it to do, on or off-road.

The XP 2.0 keeps the 500W brushless geared rear hub motor from its predecessor: the Lectric XP. This motor has a peak power output of 850W, 50W more than the XP’s peak power. This helps the XP 2.0 reach its advertised maximum speed of 28mph—keep in mind that there are other bikes in its category that go much faster than this, though.

 The 48V/9.6Ah li-ion battery is integrated into the bike's center frame and produces up to 45+ miles of range in ideal circumstances. It attains a full charge from empty in 4 to 6 hours. A few real-world testers have complained, though, that this battery doesn't deliver as much range as the XP.

Lectric XP 2.0 Black: Light and Tire

Its braking power comes from its Tektro 160mm mechanical disc brakes. This new generation of Lectric e-bikes also comes with an adjustable hydraulic suspension fork in the front end to boost comfort when riding on any terrain type. Lectric has also included puncture-resistant CST 20" × 3" fat tires to boost the e-bike's terrain versatility and ride smoothness.

The throttle, five levels of pedal assist, and the 7-speed shifter combine to deliver excellent performance with the least amount of effort from the rider. There's also a large backlit LCD display in the middle of the handlebars where you can track all important metrics from your riding. 

Lectric XP 2.0 Black: Control Panel

The simple three-button control panel is to the left of the handlebars, and the Shimano speed shifter is to the right.

The XP 2.0 was also designed to be optimally portable and functional. It's a folding e-bike that doubles into itself to become about half its length. There's a large hinge in the center of the e-bike, foldable pedals, and quick-release mechanisms to collapse the handlebars and seat tube. These combine to make this e-bike portable and easy to store in narrow spaces.

Lectric XP 2.0 Black: Foldable

The fact that it also weighs only 64lbs makes it lighter than many other electric folding bikes (there are a few other folding bikes that are lighter, though). The XP 2.0 is designed to carry 330lbs of maximum weight and also comes standard with full fenders and a rear rack.

Considering the e-bike costs around the $1000-mark, this is a really good e-bike overall.

Pros

  • Its 500W motor can output up to 850W of peak power.
  • It has decent headlight and taillight fixtures for better visibility in low-light conditions.
  • Adjustable front hydraulic suspension and fat CST 3-inch tires for improved ride comfort regardless of terrain
  • It has 5 pedal-assist levels, a 7-speed shifter for seamless gear changes, and a throttle.
  • Can carry up to 330lbs of weight.
  • Large backlit LCD display.
  • An efficient folding design helps it fold into half its size for easy storage.
  • It’s an affordable folding e-bike option compared to options from other brands.
  • It has .IP65 water and dust resistance rating
  • Wider handlebars than the XP, which is great for mounting more accessories.
  • The foldable mechanism allows it to be shipped fully assembled.

Cons

  • There are lighter e-bike options than the XP 2.0.
  • At 28mph, it's not the fastest e-bike available.
  • If you ride frequently, a charging time of up to 6 hours may not be ideal for you.
  • Various ride tests have proved its 48V/9.6Ah battery not to be as efficient as the base XP’s battery.
  • Absence of a locking mechanism to keep it in place when folded.
Lectric XP 2.0 Black

Testing Evaluation

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Tested against similar models within the same category

Main Features:

  • Riders Weight Limit330 lbs (150 kg)
  • Motor | 500W Brushless Geared Rear Hub Motor
  • Range | Up to 45+ Miles per Charge
  • Battery | 48V, 9.6Ah Lithium-ion Battery
  • Speed | 28 MPH
EBE1 Electric Bike

Most cyclists that have been leaning towards purchasing e-bikes through the years have a few things in common. They love adventure, style, technologically advanced motorable options, and increased versatility. 

Popular brands like Rad Power Bikes, Aventon, and Gotrax to name a few, tick off all these requirements. 

However, not all these brands have such an affordable foldable e-bike that still delivers on power, speed, and comfortable style. Some foldable e-bikes will even cost you in excess of $4000. Not the Gotrax EBE1. 

This foldable electric bike costs just $799 and comes with a lot of cool features including a rear air suspension. Let’s delve into some other features this e-bike has to offer. 

Features of the EBE1

1) Design and Engineering
EBE1 Electric Bike: Design and Engineering

 If you want to know the truth, many affordable foldable e-bikes won’t be the stallion of your dreams. They are smaller, slimmer, and simply more compact than the un-foldable options. 

This is great if you don’t mind small e-bikes, which is the very definition of the EBE1 foldable e-bike. However, if you love zooming around in an e-bike that screams strong and mighty, this is not the one. 

The frame measures a compact 33.9" x 15" x 33" length width and height respectively. This e-bike could practically fit in your closet without causing a hassle. Which is probably a win for cyclists who prioritize storage over design. 

2) Performance
EBE1 Electric Bike: Rear Suspension

When it comes to speed and functionality, this foldable e-bike sure has some cool features under all those foldable crevices. 

First of all, we find that the suspension was incorporated in the rear wheel, this enhances traction for riders and helps them achieve clean, prompt, and safe stops. Additionally, the handlebar comes fully equipped with pedal assist controls. 

This means you can drive faster and smarter on your own terms whenever there's a need for a little extra boost. 

Pros

  • The rear suspensions are reportedly very helpful when cycling through portholes and cracked roads.
  • It’s more compact and portable than RadpowerBike's Radmini, Aventon's Sinch, and Lectric options according to a verified user.
  • The 29.5 miles per charge is relatively impressive even though it runs slower than some e-bikes.
  • There’s a two-key option for the removable battery.

Cons

  • As mentioned above, the speed may be about 20% less than what most riders are accustomed to with larger e-bikes.
  • Some buyers were slightly disappointed that there were no integrated rear lights.
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