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On city streets, on most days, Amazon delivery vans, UPS trucks, Ubers and vehicles for instant delivery services all vie for space.

A Los Angeles-based company is aiming to solve the problem of urban congestion and the emissions that come with it by swapping out the delivery trucks with cargo e-bikes. URB-E is carving out a high-density niche in the market for electric commercial vehicles, which market intelligence advisory Guidehouse Insights says is expected to hit $370 billion (¥47 trillion) by 2030.

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