The bike is a quiet, lightweight, emission-free, off-road 22 that can carry tools and be used in an agricultural setting.
However, Allan said that, although the bike had been launched at Fieldays, potential buyers were looking at a range of applications.
"The responses include tourism operators, and a lot of people from metro environments who are interested in a commuter option. We will be moving very quickly to get road legal certification in New Zealand and Australia."
Allan said it had been incredibly challenging finalising the production model and getting features and parts to the point where the team was happy. Recent developments have seen major improvements with an upgrade to the drive chain, controller and battery system, Allan said.
"We're now at the point we expected to be by the middle of next year."
Clyde said the key components had been upgraded to a higher level, providing much more power and range.
The bikes are designed in New Zealand, but the key components are made in China.
"The major change was to the motor," said Clyde. "It's bigger and that allows it to take more current."
The system features a drive on each wheel and each motor has been upgraded by 25 per cent to 1kw. In addition to new controllers, the company has also taken advantage of developments in international lithium battery technology and pricing and has now opted for Panasonic as a supplier. The new battery system would deliver around 58 volts and 48 amp hours.
Allan said the publicity generated by the Ubco bike was unprecedented for any product he had worked on.
"I think a lot of it can be attributed to the concept, but the design is just as important. It's got an appeal that has obviously resonated with a lot of people. The challenge now is getting out into the market fast enough to ensure we stay in front."