[3] That year, his son David Montague, used his father's folding bike as a potential business model for an entrepreneurship project while attending Massachusetts Institute of Technology (MIT).

[2] It also sold bikes in Canada, Europe, Japan, and in Great Britain through a joint marketing deal with the Raleigh Bicycle Company.

[5][6] Beginning in 1992, Montague began producing a line of folding mountain bikes in a partnership with the car company BMW.

[7] The Montague BMW BiFrame was chosen as the official mountain bike of the 1996 Summer Olympics in Atlanta, Georgia and was also featured in the closing ceremonies.

[10] In 1997, the Defense Advanced Research Projects Agency (DARPA) gave Montague a two-year grant to develop an all-terrain, heavy-duty, folding electric mountain bike that could be utilized by paratroopers.

With this grant, the company created the Tactical Electric No Signature (TENS) mountain bike which was equipped with a battery-powered motor that was largely undetectable by ear, radar, or infrared devices.

[21] The following year, the company started selling framesets as standalone products, allowing manufacturers and hobbyists to incorporate Montague folding frames into their models.

It was originally devised by founder David Montague and was implemented in conjunction with the Massachusetts Department of Conservation and Recreation and the Executive Office of Energy and Environmental Affairs.

[26] It also launched several new models in 2016 including the Urban,[27] Paratrooper Elite,[28] FIT, and Allston, the first to employ a belt drive in place of a traditional bicycle chain.

[31] Some models (including the Navigator, Allston, and FIT) are equipped with Montague's "RackStand" which serves as both a rear rack and a potential kick stand when released from the seat tube.