Electric folding bikes

In my current pursuit for a new bike (which I hope to make as shown in a previous post) I found a great collapsible bike for $700 USD, with the possible addition of electrical assist, this makes for a great idea for traveling!  I hope to use a python style bike, but a lesson can be taken from their design and style which I would be glad to ride. This bike doesn't look at all crappy like many other models; I think bikers tend to be very vain (you have to be to wear spandex and shave your legs.. )