Best Electric Bike under €500

February 26, 2023

By Nate


Are you searching for the best electric bike under €500? If so, welcome to Electric bikes are becoming more affordable to people of all income levels; in this pick, we'll look at bikes that cost less than €500 and perform well.

Electric bikes, which are becoming increasingly popular, are ideal for short city trips. Despite the fact that its high cost causes some people to continue using their current mode of transportation. We will break a spear for 4 affordable electric bicycles for less than €500 that can be used on a daily basis.

Electric Bike under €500

Ancheer Folding 16 Inch Electric Bike

A legendary name in the bike business, ANCHEER has been in the game for more than 50 years and continues to be so today. It is well-known for producing some of the most durable and sportiest bikes the industry has ever seen. One such example is the ANCHEER FOLDING Electric Bike, which is a folding electric bike.

When it comes to folks who are crazy enough to ride even in the rain, the ANCHEER Folding 16″ City Electric Bike is the perfect fit. Its waterproofing technology (IPX5). Thus, making it extremely easy to maintain even in the most adverse weather situations.

Featuring a dolphin-inspired design, the electric bike is constructed of an aluminum alloy frame. Furthermore, it is also lightweight and can be carried with only one hand. Also, it is also rather tiny, so it should be able to fit into even the smallest trunks without difficulty.

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In addition, the bike is equipped with a Bluetooth technology and can communicate with your smart device. On the handlebar display, you can see the vehicle's speed, battery life, miles, riding duration, and even do a self-test. You can even lock your bicycle with your smartphone if that isn't stunning enough.


  • Has a powerful motor
  • Fast charging
  • Compact and lightweight
  • Waterproof
  • lithium ion battery.


  • Unsuitable for trekking.

SWAGTRON SwagCycle E-Bike

SWAGTRON SwagCycle E Bike design is out of this world — it looks like something out of a futuristic sci-fi film. In addition, it also features high-quality component. Also, it is equipped with safety equipment for an exciting riding experience. You may want to take a break from hiking and travel on a trail nearby your camping site. The swagtron is a great option to get away from it all. It is also a great option in being one of the best electric bike under €500.

The Swagtron SwagCycle EB is distinguished by its small appearance, which is the first thing that catches the eye. Aesthetically pleasing, the aluminium alloy frame is also foldable, which is a bonus.

This makes moving and storing the bike in trunks a lot simpler and less stressful. The bike is a little on the heavier side, but that's to be expected given the heavy-duty materials used in its construction.

There is a panel mounted on the handlebars that indicates the remaining battery life. In addition, a USB connector is included for charging your smart gadgets. Also, it is equipped with a horn, a strong accelerator, and a headlight to ensure that you are traveling safely at night.

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Aside from the attractive aesthetic, the electric bike's strong engine and battery are also a major selling point for many people. It is equipped with a 36-volt battery and a 250-watt power motor.


  • Compact and foldable design
  • Features a USB port
  • Lithium ion battery


  • Slightly heavy

ANCHEER an-EB5 Plus Folding E Bike

The AnCHEER Limited is the company that created the ANCHEER an-EB5 Plus Folding Electric Bike. It is also one of the best electric bike under €500.

Similarly, to the majority of their creations, this e-bike is exceptional, with an array of stunning characteristics. Carry it with you on all of your mountaineering excursions and make use of its gears and brakes to your advantage.

The bike's body is constructed of double-layered aluminum. In addition, it is both lightweight and sturdy. Unlike the fork, which is made of carbon steel, the handles are made of an aluminum alloy. The bike is lightweight, small, and foldable, making it simple to transport.

The design of this bike is unique, but it also includes three different riding modes. It may be used as an electric bike, as a manual cycle, or as an aided bike depending on your preference. Exercises and extended routines benefit greatly from the combination of the two (assisted mode). The bike's handlebars have a metre operator that allows you to choose between settings.

What about the travel distance? It has a range of around 15 to 30 miles, and it has a gear motor that assists you in maintaining a speed of 15mph. It is equipped with a lithium-ion battery with a capacity of 36V 8Ah and a smart charging mechanism.

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  • Foldable, compact and easy to carry
  • Strong and durable
  • Had 3 riding modes
  • 21-speed gear transmission


  • Difficult to assemble

EocTric 26″ Electric Bike

Do not be fooled by its straightforward appearance. Aside from the design, the performance of this bike is fantastic when compared to its price. However, appearances are subjective.

The bike is completely assembled when it is first taken out of the box. All you have to do now is unfold the handlebars, tighten a few screws, and make a few small adjustments, and you'll be ready to go.

Featuring aircraft-grade aluminium construction, a collapsible handlebar system, front and rear fenders, mechanical disc brakes, and an LED integrated light, the frame design is straightforward and functional.

Despite my expectations, the brake performance exceeded my expectations. They have a great deal of impact. Hydraulic brakes are standard on most large and high-speed e-bikes, but the mechanical on this model is in reasonable condition.

Because it does not fold in half, the bike is not completely foldable. In order to fit into tight areas vertically, the stem may be folded down and the seat can be lowered or eliminated completely. This eliminates the need to worry about transportation issues.


  • Comes when pre-assembled
  • Lightweight, easy to store
  • Relatively comfy


  • Lacks both suspension
  • No removable battery

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