The popularity of electric bikes is increasing rapidly. More and more people are adopting the best folding electric bikes under 500 for a daily commute, leisure, and fitness.
COVID-19 has encouraged people to look for personal and cheapest means of transportation to fulfill their daily needs.
Riding a bicycle is always a joy but not everyone is physically capable. Evolution of the electric bikes has eliminated this factor now with the help of pedal assist, throttle, and electric mode, any person can find their own best folding electric bike.
Since 2013, electric bikes have evolved a lot. Folding e-bikes are the ideal travel companion. You can carry them around in your car or public transport.
They are affordable and lightweight. You can use them for the daily commute, exploring your city, exercising, completing daily chores, and so on.
Buying the best folding electric bike under 500 is the smallest investment that will benefit you and your environment for a long time.
Electric bikes are environment-friendly and have zero carbon residuals. Europe and China have the biggest electric bike community and now America is also encouraging the use of electric bikes.
The idea of your personal transport that is lightweight, cheap, strong, and compact enough to fit under your office desk is quite fascinating.
Now, you don’t have to spend a buck load of money to buy the best folding e-bike in the market.
I have brought you the best folding electric bike under 500 dollars that will serve all your needs and ride any different terrains without breaking a sweat.
Top 10 Best Folding Electric Bike Under 500
I understand your dilemma, whenever you lower the price you have to compromise with the quality of the product in one or another way. Well, do not worry.
To address all your concerns I have selected the top 10 best folding electric bikes under 500 that will not disappoint you.
These e-bikes have the highest selling rate in the last 2 years under this price range and have the highest liking rates on different platforms.
I did a thorough search and tried over many e-bikes before bringing you the best ever folding electric bikes under $500 and thus present you with their key features, pros, cons, and why they are the best folding e-bikes under $500.
List Of Top Folding E-Bikes Under $500
| Electric Bikes | Speciality | Price |
| ANCHEER Folding Electric Bicycle | Highly economical bike | Buy Now |
| Jetson Bolt Folding E-Bike Full Throttle Electric Bicycle with LCD Display | Best full electric bike with a throttle | Buy Now |
| Hiboy P10 Folding Electric Bike for Adults | Best compact all-terrain bike | Buy Now |
| Sailnovo 14” Folding E-Bike | Best compact adventure e-bike | Buy Now |
| Macwheel 16″ Folding Electric Bike | All age-group folding e-bike | Buy Now |
| shaofu Folding Electric Bike | Overall best e-bike | Buy Now |
| ANCHEER Folding Electric Commuter Bike | Best long distance e-bike | Buy Now |
| VIVI Folding Electric Mountain Bicycle Adults | Cheapest mountain e-bike | Buy Now |
| Murtisol Electric bicycle, Adult | The best daily commute bike | Buy Now |
| Elifine portable folding electric bike | Best advance-tech folding e-bike | Buy Now |
1. ANCHEER Folding Electric Bicycle
Ancheer is the most popular brand in the big green bicycle community. They produce high-quality electric bikes at the most economical price range.
It is a 12 inches smart folding electric bike for adults. It is a fully automatic electric scooter to fulfill your daily needs.
ANCHEER is the trusted brand when it comes to electric bikes. Even ANCHEER Folding Electric Bicycle always will be on my list of best budget folding electric bikes.
Key Features
- Motor- 350W high-speed motor
- Battery- 36V 6Ah lithium battery
- It comes with a rear disc brake system
- It weighs 45.8lbs, highly portable and compact design
- It has 12 inches anti-slip rubber wheels
- It comes with IPX5 waterproof technology
Pros
- It has a maximum speed of 15 mph
- It has a travel range of 15 miles
- This e-bike has only pure electric mode but with throttle and cruise control feature
- The frame of the bike has an anti-pressure ability
- It comes with Bluetooth connectivity. You can control and monitor speed, motor power and locking, battery backup, mileage, and time recording through your android mobile App
- It has a charging time of fewer than 3 hours
Cons
- Don’t have the pedaling option
- It is a heavy-weight bike
Why Better Than Others?
It has a dolphin shape design. It is suitable for all age groups. It is a family bike, ideal for brick or inner-city roads.
You can switch the cruise control mode and relax while riding a bike. This bike is suitable for riding in the dark or any weather condition.
It has a load capacity of 265lbs and can climb the less than 10-degree slopes comfortably.
2. Jetson Bolt Folding E-Bike Full Throttle Electric Bicycle with LCD Display
Our second best folding electric bike under 500 is Jetson Bolt. It is a modern e-bike that runs only on electricity. This is the perfect bike to explore your city without breaking any sweat.
It can be used for daily commute. It is a compact electric scooter suitable for all age groups.
Key Features
- Motor- 250W powerful hub motor
- Battery- integrated 5.2Ah lithium-ion battery
- It is a light-weight bike, weighs 34 pounds only
- It has a dual suspension system to make your ride comfortable
- It comes with a rear disc brake
- It comes with pure electric and throttles riding modes
- It has an LCD screen
Pros
- It is made from high-quality aluminum alloy. It can easily carry the weight of the rider without causing any imbalance.
- You can easily carry it around in public and private transport
- It has a travel range of 17miles
- It has a maximum speed of 15.5mph
- It comes with an adjustable seat and handlebar
- It comes with 12 inches anti-skid tires
- It comes to head and tail light
Cons
- Not ideal for rough trails
- There are some quality control issue in some units where others find it a perfect electric bike
Why Better Than Others?
This is an inner-city bike, ideal for a daily commute, buying groceries, or relaxing with friends. It is suitable for night riding.
Jetson Bolt Folding E-Bike is a very cheap full e-bike with throttle mode. It is suitable for the elderly and disabled people to commute and explore the city from a new angle.
3. Hiboy P10 Folding Electric Bike for Adults
Hiboy P10 folding electric bike is an innovative and revolutionary adult bike with a strong motor with climbing capacity. It is a high-quality electric bike made from aluminum alloy and laced with smart technology.
Key Features
- Motor- 350W powerful rear-drive motor
- Battery- integrated 36V 7.5Ah lithium-ion battery
- It has 12 inches of air-filled tires
- It comes dual disc brake system
- It comes with front and rears larger area light
- It comes with an extra cushion seat which allows you to experience comfortable riding
- It has 3 riding modes- E-bike, assisted, and pedal mode
Pros
- P10 is a highly portable e-bike. This geometric design is made for easy carrying and storage purposes.
- It has a travel range of 15-21 miles
- It has a maximum speed of 15.5 inches
- This bike is ideal for long distances due to the large battery backup
- It can go 31 miles in pedal-assist mode
- It has good balance stability for rough roads
- It comes with a climbing capacity of 15 degrees slope
Cons
- There are a few quality issues with throttle function besides that it is a great fun bike
- Not meant for seniors
Why Better Than Others?
P10 is a unisex e-bike suitable for kids and adults. It is suitable for all weather conditions.
Large area lights allow you to ride in the dark. It has a very unique geometric design. It has a load capacity of 265lbs. You can attach the tow truck with a bike as well.
4. Sailnovo 14” Folding E-Bike
If you are looking for the best folding electric bike under 500 dollars that just does not fulfill your daily needs but can give you the experience of sports and adventure then the Sailnovo 14” folding bike is your best option.
Its unique V shape frame and sturdy design in vibrant color give flight to your imagination.
Key Features
- Motor- 350W brushless powerful motor
- Battery- 36V 10.4Ah removable lithium-ion battery
- It has a progressive double disc brake system
- It comes with front and back LED lights
- It comes with IP54 waterproof technology
- It comes with an LCD screen
- It comes in 3 riding modes- electric, pedal-assist, and traditional bike
Pros
- It has a travel range of 25-28 miles
- It has a maximum speed of 18.6 miles
- The LCD control panel helps you to monitor the speed and makes commuting easy
- This bike is safe for night ride due to the right LED lights and horn
- It takes 5-6 hours to get fully charged, on/ off the bike for your convenience
- 14 inches air-filled tires provide excellent cycling stability
- You can adjust the height of the seat according to your comfort
Cons
- LCD screen shows the mileage and speed in Km/h and not many people in America are aware of the metric system
- Not ideal for riding on snow or sand
Why Better Than Others?
This bike has received 99% positive reviews and recommendations from users. It might look like a small-size bike but fits every size perfectly.
It comes 95% pre-assembled, you only have to attach the seat and pedals and you are ready to glide. It also comes with an ignition key. In simple words, it is a no-hassle best folding e-bike.
5. Mac wheel 16″ Folding Electric Bike
The next electric bike on my list of the best folding e-bike under $500 is a stylish and attractive Mac wheel 16 inches folding e-bike. It is a lightweight and sturdy e-bike made from high-grade stainless steel.
This bike is suitable for riders of different heights. It is a smart inner-city bike for daily commute with multiple riding modes.
Key Features
- Motor- 250W
- Battery- integrated 36V 7.5Ah Lithium-cell battery
- It accompanies an LCD screen on the handlebar
- It comes with 5-speed gears
- It has 16 inches of air-filled tires
- It comes with front and rear LED light
- It comes with a dual disc brake system
- It comes in 3 riding modes- pure electric, pedal-assist, and normal mode
Pros
- You can adjust the seat and handlebar according to your height
- It has a travel range of 18.6 miles on electric mode and 30-37 miles on pedal assist mode
- It comes with wheel reflectors and anti-slip tires so you can ride in any weather
- It has a maximum speed of 15.5mph
- It has a climbing capacity of 10-15 degrees
- It comes with a 1-year warranty on the motor and battery.
Cons
- Don’t have a good customer service
- Not suitable for climbing
Why Better Than Others?
Macwheel 16 inches is a very stylish and compact folding electric bike with a load capacity of 220lbs. This bike is suitable for all age groups. 16 inches wheel size allows easy pedaling without putting any stress on knees and joints. It comes 95% pre-assembled at the time of delivery. Recommended height of the rider is 5’2”-6’2”.
6. shameful Folding Electric Bike
Shaofu folding electric bike is very similar to Ancheer folding electric bike in looks, design, price, and performance but has some additional features.
Most of the customers are satisfied with the product quality and performance. It excels in LG cell long-lasting battery, speed levels, and weight.
Key Features
- Motor- 350W hub motor
- Battery- 36V LG cell battery
- It is a dolphin shape electric scooter
- It comes with IPX5 waterproof technology
- It has 7-speed gears
- It comes with a front and rear disc brake system
- It has a bright LED headlight, taillight, and horn
- It comes in 2 working modes- e-bike and assisted bicycle
Pros
- It has a maximum speed of 15.5 mph
- It has a travel range of 15 miles
- It comes with Bluetooth App connectivity with motor lock and password protection
- It takes 4-6 to get fully charged
- It is ideal for every weather conditions
- It can climb slopes of less than 10 degree
- It is a lightweight bike. It only weighs 35 pounds, easy to store and carry around
Cons
- Not suitable for climbing steep slopes
- Don’t have a great load capacity
Why Better Than Others?
Shaofu folding electric bike has got 4.6 ratings out of 5 on Amazon. This bike comes in a cute and compact design.
It is a great alternative to the Ancheer folding electric bike above. It has a load capacity of 160lbs and recommended rider height is 4’8”- 5’10. for more details click here.
7. ANCHEER Folding Electric Commuter Bike
In my list, This is the second folding electric bike of 16 inches wheels. ANCHEERT Folding Electric Commuter Bike is a daily commute electric bike with multiple riding modes.
It is made from a high-quality, lightweight collapsible steel frame. It has a smart and elegant design that you can use for your daily commute or enjoy your weekend in the countryside.
Key Features
- Motor: 250W high-speed brushless gear motor
- Lithium battery: 36V 8Ah
- It comes with 16 inches mountain bike wheels
- It has a front and rear disc brake
- It comes with 3-speed LED smart meter
- It comes in 3 riding modes- Pure electric, pedal-assist, and normal
- It only weighs 47 pounds
Pros
- It has a maximum speed of 15.5mph
- It has a travel range of 15-30 miles
- It comes with a comfortable seat design
- Its frame is made from high-strength carbon steel
- It has double-layered aluminum alloy wheels
- It has a charging time of 4-6 hours
- It can fit under your office table, highly portable e-bike
Cons
- Don’t have suspension
- It has only a 1-speed level
Why Better Than Others?
Ancheer e-bike suits riders of different heights. It has a load capacity of 220lbs. It can ride on rough terrains due to the mountain wheels.
This bike is suitable for camping, hunting, and exploring. It comes with an adjustable seat and handlebar. you can simply switch modes on long-distance rides and enjoy the view.
8. VIVI Folding Electric Mountain Bicycle Adults
There are very few best folding electric bikes under 500 that are also full-size folding mountain bikes. This bike from the long list of VIVI bikes is the most affordable, high-quality, multi-terrain electric bike for adults.
Key Features
- Motor- 250W high-speed brushless gear motor
- Battery- Removable 36V 8AH lithium-ion battery
- It comes with front and rear suspension
- It has 21-speed gear shifts
- Comes in 3 riding modes- electric, pedal-assist, and normal
- Rims are made of high strength carbon steel with a dual shock absorption technique
- It has a dual disc brake system
- It weighs 64lbs
Pros
- It has a maximum speed of 25mph
- It has a load capacity of 330 lbs
- It has a travel range of 55 miles per charge
- This bike is good for burning the extra sweat. You can exercise by using bicycle mode
- It is easy to fold and can fit in small places
- This bike is suitable for long-distance travels, hunting, exploring, daily commute, etc
- It comes with an adjustable seat and handlebar
- It has a horn and front LED light with fenders. You can ride it in dark and on muddy trails without getting dirty
Cons
- It is a heavyweight e-bike
- Don’t have any digital display or meter
Why Better Than Others?
It is very difficult to find a folding mountain bike in this price range. It is equipped with a strong motor and a large capacity battery.
The recommended height for this bike is 5’2” – 6’3”. It has received the most positive response from all users. This bike is suitable for riding on any terrain and weather.
9. Murtisol Electric bicycle, Adult
Murtisol is the best folding electric bike under 500 for Adults only. It is a semi-folding bike made from aluminum alloy.
This bike is suitable for daily commute on inner-city roads. It comes with excellent customer service and a 1-year warranty on the motor and battery.
Key Features
- Motor- 250W strong power motor
- Battery- removable large capacity lithium battery of 36V 6AH
- It comes with a dual disc brake system
- It has front and rear suspension
- It has 14 inches wheel size
- It comes in 3 riding modes- pure electric, power assist, and pedal mode
- It has an HD smart meter
Pros
- It is made from rust-free aluminum alloy
- It is suitable for riding in any weather
- It comes with 3 inches adjustable seat
- You can adjust the speed to 3 levels digitally
- It comes with a removable battery so you can charge on and off the bike
- It has a travel range of 37.3 miles in a single charge
- It has a maximum speed of 15.5mph
Cons
- There are quality issues with few customers whereas others find this e-bike perfect
- The handlebar is not adjustable
Why Better Than Others?
Apart from a few quality control issues. This bike has an ergonomic design that supports your back, arms, and knee and helps to maintain a healthy posture. It has a load capacity of 220lbs.
You can carry it on public transport or in the trunk of your car. It is a hybrid semi-foldable unisex bike for adults. It is easy to store in your office and apartment.
10. Elifine Portable folding electric bike
Electric bikes are more than just a means of transportation and fun. I present hi-tech best folding electric bike under 500.
Besides the powerful motor and battery, it comes with Bluetooth, a smart e-bike control App, and IPX5 waterproof technology.
Key Features
- Motor- 350W high-speed motor
- Lithium battery- 36V 6AH
- LED meter display with battery indicator
- LED front and rear battery light and horn
- Rear Disc brake system
- Anti-slip wear-resistant tires
- Single-speed gear shift
- It comes in 2 colors- Black and White
- It weighs 26.46 lbs
Pros
- this bike is made from high-quality aluminum alloy
- It has a mileage of 12.4miles
- It has a maximum speed of 18.6mph
- The lithium battery takes less than 3 hours to get fully charged
- It has a great load capacity as front and rear wheels are made from single-wall aluminum alloy
- It has a Bluetooth and GPS support system. You can lock your e-bike and with a secured password by an App.
- It comes in Electric and throttle mode
Cons
- It has only a 1-speed level
- Not suitable for tall people
- It is not a pedaling e-bike
Why Better Than Others?
Elifine is a fully electric and high-technology folding electric bike. It is a compact lightweight bike. Anyone below the height of 5’10 can ride this bike. Suitable for beginners and all age groups.
Perfect choice for people who don’t like pedaling or can’t pedal. It has a load capacity of 265lbs. You can continuously ride for 8 hours on a single charge. It is an anti-theft folding e-bike with night riding mode.
Comparision Table For Top 3 E-Bikes
| Features | ANCHEER Folding Electric Bicycle | Hiboy P10 Folding Electric Bike | VIVI Folding Electric Mountain Bicycle Adults |
| Brand | Swagtron | HIboy | VIVI |
| Weight | 36.06 Pound | 35.2 lbs | 26 Kg |
| Frame Material | Aluminum | – | Aluminum, Carbon Steel |
| Wheel Size | 12 Inches | 12 Inch | 26 Inches |
| Break Style | Disc | Disc | Disc |
| BUY NOW | BUY NOW | BUY NOW |
Conclusion
I have brought you the best folding electric bike for under 500 dollars for 2021. They are compact, stylish, easy to use, control, and store. You won’t find any other best folding e-bike in this price range.
These bikes have the highest customer ratings and positive reviews. They are durable and economical, laced with all the latest technology with zero carbon emission.
All the above folding electric bikes are 100% eco-friendly. It is quite difficult to choose your favorite among them but still Ancheer, Hiboy, and Vivi crack my top 3 best folding electric bikes under $500 list.