Rumour Mill: Apple Reportedly Wants To Acquire Self-Balancing Motorcycle Startup Lit Motors

While Apple meets several companies across various industries every year, talks with Lit Motors shows its interest shows that the iPhone maker is looking for outside inspiration for its automobile interest, known internally as "Titan".

Lit Motors was founded in 2010 and is the brainchild of its CEO Daniel Kim, who wanted to build a smaller and efficient vehicle. This resulted in the C-1, a two-wheeled, self-balancing prototype vehicle which found a lot of hype in 2012 at a San Francisco startup conference.

Talking about the C-1, it is a fully-enclosed two-wheeled vehicle and has the comforts that you see in a car like aclimate control system and a premium sound system. It also boasts to house a smartphone and cloud connectivity. It is powered by an in-house high torque electric motors which regenerate energy while braking.

On the safety front, it is featured with seat belts, multiple airbags, a steel reinforced chassis, along with gyro stability system. Lit Motors claims the C-1 gives the safety of a conventional four-wheeled car on a two-wheeled vehicle.