Lit Motors C-1 prototype on stage at Tech Crunch Disrupt conference

With its promise of a fun driving experience mixed with super space saving and energy efficiency, we think the Lit Motors C-1 has the potential to be a disruptive bit of transportation tech. And it appears we're not the only ones.

Founder Daniel Kim revealed the newest prototype of the self-balancing enclosed motorcycle at the 2012 TechCruch Disrupt conference, where it was named one of seven finalist in the "Startup Battlefield." While there isn't a lot of info available about how this latest iteration has been improved over the first drivable one – it's obviously sporting a much more refined outer shell – we have heard some numbers that definitely got our attention. For instance, the digits on the price tag.

When the hundreds of reservation holders (so far) begin to receive their automo-cycles in (hopefully) 2014, they will only have to shell out about $19,900. While that doesn't necessarily strike us as exorbitant, there is also good news for those who might be interested but not at that price point. The company envisions that price falling to a very reasonable $12,000 once production really ramps up. For their money, customers will get a unique machine that should sprint spritely to 60 miles per hour in six seconds, boast a 100-mph top speed and offer up to 200 miles of range. The line forms here to place a $250 deposit.

You can check out the Lit Motors presentation below, along with a bit of bonus footage of TechCrunch's managing editor Peter Ha testing out the C-1's self-balancing ability.