<ul data-eligibleForWebStory="true"><li>New York-based micromobility startup Infinite Machine has unveiled a seated scooter called Olto priced at $3,495, set to launch later this year.</li><li>The Olto will offer 40 miles of range with a swappable 48V lithium-ion battery and a top speed of 20 mph on bike lanes and 33 mph off-road using a 750W rear hub motor.</li><li>Features of the Olto include a headlight with high and low beams, turn signals, and modular elements for customization like a child carrier, rear rack, and fold-out pedals for pedal-assist propulsion.</li><li>The Olto can seat two individuals and has a dual-suspension frame.</li><li>Compared to their P1 model costing $10,000, the Olto's price tag is more affordable, aiming to enter the electric two-wheeler market.</li><li>Infinite Machine received $9 million in funding from Andreessen Horowitz and plans to have vehicles in major cities worldwide.</li><li>The company targets the challenging U.S. market initially, looking to stand out with unique product sensibility and design.</li></ul>

a16z-backed Infinite Machine shows off cheaper, modular electric scooter

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