For much of the emerging world, the key to reducing pollution is making the transition to battery-powered motorcycles and scooters.
Even those who can afford cars often prefer two-wheelers.
Given recent market turmoil, it would easy to overlook the upcoming IPO of Niu Technologies, a Chinese manufacturer of electric mopeds. The $95 million the company plans to raise is a pittance compared to the billions burnt by Tesla Inc. But, the technologies developed by Niu and other pioneers of electric two-wheel vehicles will transform transportation as much as anything dreamed up by the likes of Elon Musk.