Swedish furniture giant IKEA has announced plans to start selling a chain-less bike designed to fit an urban lifestyle.

The unisex bike, named Sladda, was created by global design consultancy Veryday, and is tailored to be as low-maintenance as possible. That means gears are tucked away in a sealed hub near the rear wheel, and instead of a chain we have a corrosion-resistant, maintenance-free cogged drive belt that IKEA says is good for 9,320 miles.

An aluminum frame keeps the bike light enough for carrying up and down stairs in urban environments, and is coated with two layers of lacquer to protect against the elements. Available in either 26″ or 28″ wheels, the company says the bike is suitable for 12-year-olds and up.

The Sladda will be sold to the masses (in Europe, at least) this August and will be priced at $797 for the general public and $569 for members of the Ikea Family loyalty program.

For something a little more luxurious, check out this sweet ride created by colette and Bogarde.

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