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The short answer seems to be for travel and for goofy fun. VO explained some of the original reasoning here: https://velo-orange.blogspot.com/2018/10/introducing-new-velo-orange-small.html
Given how fun Raleigh Twentys and the like are to ride, I bet this is a blast. If I had the money I'd be all over it.
What is the purpose of this bike?! Not cussing it was just thinking ... why? Or is it more a case of why not.