I'm not interested but just had to stop by and say how cute! I think it folds up for easy storage and so that you can put it in the trunk of your car easily. That way you are ready for a bike ride whenever the mood strikes.
Oh my gosh! I love that bike!!! Is it gone now?
I don't suppose the bike is still available. If so, I would love to have it to bike to my mom's house and back.