Brammo, the Ashland, Ore. based developer of the Enertia, has raised $10,000,000 that will allow it to go into production and deliver the lightweight GPS-equipped, web-enabled electric bike that gets 35-45 miles per charge.

The first set of bikes will cost around $15,000 each when they become available later this year, with subsequent iterations to be priced at a slightly more affordable $12,000. About 100,000 people have already expressed interest in purchasing the bike through Brammo’s website.

Source: VentureBeat.com