Upstart company Cyclotron Cycles has successfully raised enough money on Kickstarter to fund its innovative Cyclotron Bike – the world’s first “smart bike” that rides without spokes or wheels. In addition to the 1.5 million Euros they’ve raised off the Internet, in just a month, the company’s Kickstarter surpassed their €50,000 goal, reaching €169,105 as of July 28.

The bike comes equipped with a self-charging battery, hubless wheels, airless tires, high-power headlights, a smart phone mount and “Automatic Light Sensors,” which switches the bike’s lights on/off depending on how dark it is outside. The company says the bike frame is made out of space grade carbon fiber composite sandwich, which makes it rigid, stiff and lightweight at the same time. The manual 12-speed version of the bike only weighs 25.35 pounds.

“To achieve a true Space Grade Composite Construction we combined two layers of carbon fiber with an ultra lightweight core structure,” the company wrote on its Kickstarter page. “This way we can use fewer layers of carbon fiber and less resin, without impairing stability.”

In order to keep the bike’s design clean and increase functionality, the company opted to have all of the bike’s wires and cables run inside the frame. That means no brake cables, no shifting cables, and no light cables.

By not having hubs, the bike’s wheels can act as storage departments for heavy items. That way, the rider is not bogged down by extra weight. The Cyclotron’s storage unit, known as the Polygon Basket, is also made with composites.

“Within one Polygon Basket you’ll get enough space so stow two large grocery bags or two 6-packs of water,” the Kickstarter page explains. “If you mount them in both wheels it equals 24 bottles of water, and you still have some space left in between.”

For more information, check out the video below: