A foldable bicycle includes a head strut, a seat strut, and first and second bracing struts pivotally mounted to one another about four pivot axes such that lifting of a pivot joint of the first and second bracing struts towards the head strut results in turning of the first and second bracing struts to bring the bicycle into a folded position, where front and rear wheels are closer to each other and are held in tandem. A locking member is disposed to releasably lock the second bracing strut from turning relative to the first bracing strut when the bicycle is in a position of use.