It's neat, but it will suffer all the same issues as Segway.
No protection from the elements.
Problems on slippery surfaces.
Limited top speed
Limited overall range
No cargo capacity
And the most significant one: regulatory issues. Although the guy in the video states in essence in can go anywhere a pedestrian can, this isn't true in real life. It won't meet most of the criteria for operating on roads with automobiles, but because it's powered it will also be banned from many pedestrian walkway areas.
A neat toy for sure, but it's more of off-road use vehicle than anything. It also has a lot of competition in its price point in terms of "toys" like ATVs, and alternate commuter vehicles like scooters.
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