In 1987 David Montague, while in graduate school at the Massachusetts Institute of Technology, formed the Montague Corporation - a company focused on designing and producing full-size, high-performance bicycles that fold -- bicycles that sacrifice nothing in performance and still provide the folding benefit for space saving convenience. The first bicycle designed by Montague was dubbed the "Montague BiFrame" for its patented Concentrus system, which unites the two parts of the frame with concentric seat tubes, one nested inside the other. Since then, Montague Corporation has never hit the brakes, winning numerous awards along the way, including the Popular Mechanic's Design & Engineering Award.

In 1997, Montague won a two-year grant from the Defense Advanced Research Projects Agency (DARPA), who recognized the importance of the folding technology, to work with the United States Marines in developing the Tactical Electric No Signature (TENS) Mountain bike. For this project Montague developed a new folding design, enabling the bike to fold faster for Paratrooper exit from military aircraft while also increasing its load bearing capacity. This gave rise to the Paratrooper®, Montague’s non-electric Military Mountain Bike.

Montague has recently partnered with General Motors to design and manufacture the HUMMER Tactical Mountain Bike, a version of the military bike that folds to fit in the back of the new H2. This partnership demonstrates how Montague is spearheading a new and innovative approach.