Financial Tribune - With the aim of making electric bikes affordable for the people, Tehran�s mayor says talks are underway between the municipality and local startups and knowledge-based companies to boost e-bike production.

�Tehran Municipality has opened talks with knowledge-based firms and local companies to design and manufacture e-bikes at affordable prices,� Pirouz Hanachi tells IRNA,

Currently only imported e-bikes are sold in the market which cost 60-120 million rials ($570-$1,140).

The mayor said, �The TM cannot offer loans for buying bicycles. However, it is setting up and expanding docking stations where people can rent bicycles.�