Walmart Is Selling a $1,600 Foldable E-Bike for Just $500, and Shoppers Say It's an 'Absolute Beast' on the Road

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Throughout the summer, Walmart has been the top spot to score an e-bike at an affordable price. The retailer has marked down all types of electric models, including off-road e-bikes , cruiser e-bikes , lightweight commuter e-bikes , and even e-scooters by as much as 74%, and they've been flying off the shelves. Now, one of Walmart's most popular models has had its price rolled back by over $1,100—and it even ships for free.

The Gocio Foldable E-Bike is now on sale at Walmart for just $500—a remarkable 69% off the normal $1,600 price tag. This e-bike is currently the retailer's No. 1 bestselling model , but that's no surprise—it's garnered more than 350 five-star ratings from shoppers who say it's an "excellent bike for beginners." It's available in three great colors—black with red or orange and white with red—but we've seen select colors sell out before.

Gocio Foldable E-Bike in Black/Red, $500 (was $1,600) at Walmart

This folding e-bike is equipped with a 500W brushless motor, dual shock absorbers, and thick tires that allow you to ride anywhere comfortably, including on trails. It features five riding modes, including pedal assist and throttle, and a full charge will get you up to 50 miles of range when using the former. It has multiple safety features built-in, like front and rear lights and dual disc brakes, and offers the convenience of an LCD display screen and adjustable saddle and handlebar heights. But the most convenient feature is that it's completely foldable thanks to a hinge in the crossbar, making it super convenient to put in a trunk.

Those who have used this foldable e-bike say it's tougher than it looks online. "Unmatched capability and performance," a shopper said. "This 500W electric mountain bike is an absolute beast. The 26-inch tires provide excellent traction, and the dual suspension absorbs bumps and shocks for a smooth ride. The 21-speed gears allow me to find the perfect cadence for every situation."

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Many shoppers also loved how easy it is to fold. "Super practical," a shopper noted. "This foldable mountain bike is one of the most practical electric bikes I've ever used. The motor is powerful, the battery lasts long, and it folds easily enough to fit in the trunk of a car." Another shopper agreed, saying, "Folds up quickly and easily and does not take up much space."

If you've been looking for a great e-bike at an unbeatable price, deals don't get much sweeter than the one on the Gocio Foldable E-Bike at Walmart. But make sure to grab this one soon, though, because it's already sold out in one color and the rest are sure to follow.