Gosh, that's a coincidence!
I bought one of these [they were called raleigh select six - six gears] way back in the 1990's. I had an unexpected bonus payment burning a hole in my pocket and by chance saw one in the local bike shop, thought an electric assist bike was a brilliant idea and bought on a whim[£1000?]
At the time I had a camper van and used to haul it into the van, drive out into the countryside and explore - charging it via a dc-ac inverter. I sold the van and the bike gradually fell into disuse; it had a limited range [20 miles?] and as I only had a small 'city car' and it was impossible to transport to the countryside.
Time passed. Again I was in the happy position of having some unexpected cash, so I bought a Brompton - this could be folded and transported in a small car, but minus the electric assist. I have used the Brompton for leisure rides over the past decade or so, but age catches up with us all [60th birthday this year!] so I have used the bike less and less over the last few years - those hills I sailed up a decade ago, seem to have become a lot steeper!
Last September, there was a sudden downpour, the drains couldn't cope and my cellar was flooded. Along with lawnmowers and power tools which were wrecked, was my old 'select six'. The kind people at Axa informed me that the bike was covered, offered me a replacement [one of the latest raleigh offerings] and also offered a cash settlement for the bike. I took the cash and had the Brompton ' Nanoed' ... and I'm very pleased with result.
The 'select six' still lives in my cellar smothered in wd40. I had thought it was a total write off, but reading the ES link, there might be hope for it yet... a restoration project perhaps. Its been an interesting read to see how the electric assist was arranged - I always did wonder.
From what I recall, the bike was very heavy, had limited range [ni-cad battery] and had inadequate brakes. The plus point was that it had a lot of torque and seemed to climb hills well, though I did find myself pushing the bike up hills in order to extend the range!.... If any more turn up on ebay [at that price], it might be worth a punt for the enthusiast to play with.