Technology
Heybike’s Alpha step-through e-bike is an affordable, all-terrain dreamboat
I’ve tested out a number of e-bikes in my time here at TechCrunch. And I’ve never been so tempted to hang onto one as I have with Heybike’s new Alpha.
This sturdy, fat-tire, all-terrain e-bike is worth the $1,699 price tag. The Alpha ticked a whole lot of my boxes, including ones I didn’t even know I had. For instance, I knew I’d like an e-bike with pedal assist and a throttle, but I didn’t know that I would love an e-bike with pedal assist, a throttle, and a manual shifter. Perhaps the dreamiest part of riding the Alpha was the mid-drive motor with torque sensor, which led to a more natural riding feel. That, and the battery life that seemed to last forever.
It wasn’t all roses and rainbows. I have a few complaints about the app, setting up the bike, and the outsized horn. But generally, this is an excellent all around e-bike, whether you want to take it on off-road adventures or use it in the city to do your weekly Trader Joe’s shopping.
And then there is the question of how long this bike will remain affordable. Heybike is Chinese manufacturer and its bikes are made in China. With tariffs, even at the recently lowered rate, these bikes are likely to get more expensive for U.S. consumers.
An affordable mid-drive e-bike

The Alpha is Heybike’s first with its made-in-house Galaxy eDrive system, which uses a 500W Mivice mid-drive motor alongside a 680Wh battery, which provides a smooth ride.
Most other e-bikes I’ve tried are built with motors mounted in the wheel hub, which makes for a simpler, more affordable design. A mid-drive motor is located near the pedals, and if you can get a bike like that at a decent price? Take it. Because not everyone wants to buy a Bafang conversion kit and build their own cheap mid-drive.
Even at the fifth and highest level of pedal assist, the Alpha is smooth and easy to control, making you feel like you’re pedaling a traditional push bike. There’s nothing jerky about the acceleration.
There are downsides to the mid-drive, though. If you’re the type of rider who likes to lean heavy on the throttle, then Heybike’s Alpha is probably not for you. A company spokesperson told me Heybike doesn’t encourage sole throttle use, especially at the start of a ride, because it could damage the motor and drive train.
And with the Alpha, you actually can’t start a ride with the throttle. You have to pedal first and build up to at least 5 miles per hour before the throttle will engage. When you do use the throttle, the speed adjusts based on what pedal assist level you’re on. Though even at the highest level, the top speed while using the throttle only reaches 20 miles per hour. That said, you can push it up to 28 miles per hour while pedaling.
I didn’t find the throttle constraints to be too much of a problem. Of course, there were those occasional moments while riding through the chaotic streets of New York City when I wanted the quick getaway that a sensitive throttle would provide. Still, I found the pedal assist was responsive enough.
And with 105 N m of torque, it was also powerful. I rarely found myself needing to take it off the first level. The addition of the Shimano Altus 8-gear shifter helped augment that power. The shifter let me kick it up to a higher gear on flat terrain and bring it back down to a low gear when climbing hills; this meant I could keep the pedal assist at 1 to save on battery power.
And while I’m on the subject of hills, it’s worth noting that the Alpha handled inclines like an absolute champ, once again due to the mid-drive motor.
Long live the Alpha battery

The Alpha’s UL certified batteries allow for up to 60 miles of range on a single charge, though I wouldn’t be surprised if they surpassed that. After removing the battery to charge it once (which ended up being an ordeal that I’ll describe below), I took the bike on several trips around the neighborhood and up various hills, probably riding for a total of 22 miles. The battery life on the LCD mid-mounted screen somehow didn’t drop below 100%.
That could have something to do with the Galaxy eDrive, which seemed to have a regenerative braking system that provided power back to the battery whenever I braked. Heybike says its Galaxy system provides more than 8% of additional range compared to batteries of the same capacity.
More notes on sturdiness

The Alpha could probably double as a cargo bike for delivery riders. It comes with a rear rack that was more than sufficient to strap three packed bags of groceries, though I could have just as easily attached one of those large food delivery boxes.
It also has a total payload of 400 pounds. That’s the same amount as the Pedego cargo bike I tested last year, which is twice the price and also twice as heavy. Heybike’s Alpha isn’t exactly a small bike that can be tucked away easily in a NYC apartment, but with its aluminum alloy frame, it wasn’t too heavy or clunky at 71 pounds.
And while the 26 X 4 inch fat tires are great for traipsing over gravel and tree roots, they’re just as good at handling the potholes and uneven road surfaces of NYC. Not only the tires, but the bouncy hydraulic front fork suspension took most of the blows from some of those roads and made it easy for me to hop on and off sidewalks.
The cons: set up, quality concerns, and wow, what a horn

The Alpha was not without its challenges. For one, there was a decent amount of setup involved when the bike was delivered, which required careful squinting at a QR-code instruction manual.
If you’re not in the habit of putting bike parts together (which I am not), you’re liable to get a few things wrong. I had the help of two lovely colleagues at my office, but when I hit the road something still felt off. I took it to a bike shop where the mechanic shook his head empathetically and made some tweaks, including to the handlebars which I hadn’t installed in the correct position.
I also struggled with removing the battery cover from the down tube. It just wouldn’t come off! I tried looking up an instructional video on YouTube, but all I could find was an annoying 16-second remove and install battery ASMR video from Heybike. In the end, I had to jimmy the cover open, and found that someone appeared to have screwed that latch the wrong way, hindering the release of the metal cover. I screwed it back on the right way so it could be clicked in properly.
But then, more battery cover drama. After a few rides, the cover started popping off half-way mid-ride. I’d clip it back in, hit a bump, and there it went again. Figuring that I likely messed something up while fiddling with the battery cover, I taped it in place and called it a day.
Another downvote for the Alpha was the horn. My god, it was loud. Imagine trying to annoy someone by yelling “HOOOONNNKKK” at them loudly. That’s what the horn sounded like. It was so aggressive that I was embarrassed to use it to alert pedestrians or other riders when I was passing, lest I scare the crap out of them. It did come in handy when I wanted to symbolically flip off cars that entered the bike lane, though.
The app was also unimpressive. It could turn the bike off, but it couldn’t turn it on, because the bike needed to be on already to connect to the app via bluetooth. The app could also turn on and off the front headlight (which was very bright, by the way), as well as record and share any trip data. Personally, I think e-bike apps are only worth using if they give you live tracking, anti-theft, and alarms.
There aren’t many colors to choose from. In fact, if you want a step-through, you’re getting it in white. And if you want a step-over frame, you’d better be happy with black.
A final note on the addition of turn signals: they worked fine, but I almost never remembered to use them.
Heybike Alpha: Best if you’re handy, still good if not
All in all, I thought the Heybike Alpha was a solid ride, particularly for the price point. Usually a bike with the Alpha’s specs will run you anywhere from $2,000 to $4,500, so it’s a pretty good deal. Though that issue with the battery cover did raise some red flags about quality issues, and if I had ridden it longer, I wonder what other issues might have arisen.
The affordable price tag could be based on poor customer service, based on reviews online, though I couldn’t personally speak to that. All I know is that it was one of the smoothest, easiest fat-tire e-bikes I’ve had the pleasure of riding.
Technology
Pintarnya raises $16.7M to power jobs and financial services in Indonesia
Pintarnya, an Indonesian employment platform that goes beyond job matching by offering financial services along with full-time and side-gig opportunities, said it has raised a $16.7 million Series A round.
The funding was led by Square Peg with participation from existing investors Vertex Venture Southeast Asia & India and East Ventures.
Ghirish Pokardas, Nelly Nurmalasari, and Henry Hendrawan founded Pintarnya in 2022 to tackle two of the biggest challenges Indonesians face daily: earning enough and borrowing responsibly.
“Traditionally, mass workers in Indonesia find jobs offline through job fairs or word of mouth, with employers buried in paper applications and candidates rarely hearing back. For borrowing, their options are often limited to family/friend or predatory lenders with harsh collection practices,” Henry Hendrawan, co-founder of Pintarnya, told TechCrunch. “We digitize job matching with AI to make hiring faster and we provide workers with safer, healthier lending options — designed around what they can reasonably afford, rather than pushing them deeper into debt.”
Around 59% of Indonesia’s 150 million workforce is employed in the informal sector, highlighting the difficulties these workers encounter in accessing formal financial services because they lack verifiable income and official employment documentation.
Pintarnya tackles this challenge by partnering with asset-backed lenders to offer secured loans, using collateral such as gold, electronics, or vehicles, Hendrawan added.
Since its seed funding in 2022, the platform currently serves over 10 million job seeker users and 40,000 employers nationwide. Its revenue has increased almost fivefold year-over-year and expects to reach break-even by the end of the year, Hendrawn noted. Pintarnya primarily serves users aged 21 to 40, most of whom have a high school education or a diploma below university level. The startup aims to focus on this underserved segment, given the large population of blue-collar and informal workers in Indonesia.
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“Through the journey of building employment services, we discovered that our users needed more than just jobs — they needed access to financial services that traditional banks couldn’t provide,” said Hendrawan. “We digitize job matching with AI to make hiring faster and we provide workers with safer, healthier lending options — designed around what they can reasonably afford, rather than pushing them deeper into debt.”

While Indonesia already has job platforms like JobStreet, Kalibrr, and Glints, these primarily cater to white-collar roles, which represent only a small portion of the workforce, according to Hendrawan. Pintarnya’s platform is designed specifically for blue-collar workers, offering tailored experiences such as quick-apply options for walk-in interviews, affordable e-learning on relevant skills, in-app opportunities for supplemental income, and seamless connections to financial services like loans.
The same trend is evident in Indonesia’s fintech sector, which similarly caters to white-collar or upper-middle-class consumers. Conventional credit scoring models for loans, which rely on steady monthly income and bank account activity, often leave blue-collar workers overlooked by existing fintech providers, Hendrawan explained.
When asked about which fintech services are most in demand, Hendrawan mentioned, “Given their employment status, lending is the most in-demand financial service for Pintarnya’s users today. We are planning to ‘graduate’ them to micro-savings and investments down the road through innovative products with our partners.”
The new funding will enable Pintarnya to strengthen its platform technology and broaden its financial service offerings through strategic partnerships. With most Indonesian workers employed in blue-collar and informal sectors, the co-founders see substantial growth opportunities in the local market. Leveraging their extensive experience in managing businesses across Southeast Asia, they are also open to exploring regional expansion when the timing is right.
“Our vision is for Pintarnya to be the everyday companion that empowers Indonesians to not only make ends meet today, but also plan, grow, and upgrade their lives tomorrow … In five years, we see Pintarnya as the go-to super app for Indonesia’s workers, not just for earning income, but as a trusted partner throughout their life journey,” Hendrawan said. “We want to be the first stop when someone is looking for work, a place that helps them upgrade their skills, and a reliable guide as they make financial decisions.”
Technology
OpenAI warns against SPVs and other ‘unauthorized’ investments
In a new blog post, OpenAI warns against “unauthorized opportunities to gain exposure to OpenAI through a variety of means,” including special purpose vehicles, known as SPVs.
“We urge you to be careful if you are contacted by a firm that purports to have access to OpenAI, including through the sale of an SPV interest with exposure to OpenAI equity,” the company writes. The blog post acknowledges that “not every offer of OpenAI equity […] is problematic” but says firms may be “attempting to circumvent our transfer restrictions.”
“If so, the sale will not be recognized and carry no economic value to you,” OpenAI says.
Investors have increasingly used SPVs (which pool money for one-off investments) as a way to buy into hot AI startups, prompting other VCs to criticize them as a vehicle for “tourist chumps.”
Business Insider reports that OpenAI isn’t the only major AI company looking to crack down on SPVs, with Anthropic reportedly telling Menlo Ventures it must use its own capital, not an SPV, to invest in an upcoming round.
Technology
Meta partners with Midjourney on AI image and video models
Meta is partnering with Midjourney to license the startup’s AI image and video generation technology, Meta Chief AI Officer Alexandr Wang announced Friday in a post on Threads. Wang says Meta’s research teams will collaborate with Midjourney to bring its technology into future AI models and products.
“To ensure Meta is able to deliver the best possible products for people it will require taking an all-of-the-above approach,” Wang said. “This means world-class talent, ambitious compute roadmap, and working with the best players across the industry.”
The Midjourney partnership could help Meta develop products that compete with industry-leading AI image and video models, such as OpenAI’s Sora, Black Forest Lab’s Flux, and Google’s Veo. Last year, Meta rolled out its own AI image generation tool, Imagine, into several of its products, including Facebook, Instagram, and Messenger. Meta also has an AI video generation tool, Movie Gen, that allows users to create videos from prompts.
The licensing agreement with Midjourney marks Meta’s latest deal to get ahead in the AI race. Earlier this year, CEO Mark Zuckerberg went on a hiring spree for AI talent, offering some researchers compensation packages worth upwards of $100 million. The social media giant also invested $14 billion in Scale AI, and acquired the AI voice startup Play AI.
Meta has held talks with several other leading AI labs about other acquisitions, and Zuckerberg even spoke with Elon Musk about joining his $97 billion takeover bid of OpenAI (Meta ultimately did not join the offer, and OpenAI denied Musk’s bid).
While the terms of Meta’s deal with Midjourney remain unknown, the startup’s CEO, David Holz, said in a post on X that his company remains independent with no investors; Midjourney is one of the few leading AI model developers that has never taken on outside funding. At one point, Meta talked with Midjourney about acquiring the startup, according to Upstarts Media.
Midjourney was founded in 2022 and quickly became a leader in the AI image generation space for its realistic, unique style. By 2023, the startup was reportedly on pace to generate $200 million in revenue. The startup sells subscriptions starting at $10 per month. It offers pricier tiers, which offer more AI image generations, that cost as much as $120 per month. In June, the startup released its first AI video model, V1.
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Meta’s partnership with Midjourney comes just two months after the startup was sued by Disney and Universal, alleging that it trained AI image models on copyrighted works. Several AI model developers — including Meta — face similar allegations from copyright holders, however, recent court cases pertaining to AI training data have sided with tech companies.
Got a sensitive tip or confidential documents? We’re reporting on the inner workings of the AI industry — from the companies shaping its future to the people impacted by their decisions. Reach out to Rebecca Bellan at [email protected] and Maxwell Zeff at [email protected]. For secure communication, you can contact us via Signal at @rebeccabellan.491 and @mzeff.88.
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