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An Indiegogo campaign is hoping to fund the BikeBoat, a KTM-based watercraft. However, the first caught fire and sank to the bottom of the English Channel.

2010 KTM 690 Duke R - Click above for high-res image gallery

You may remember a little while back when we introduced you to the new KTM cycles using their 690cc single cylinder engine. According to reports circulating on the Internet, KTM has more plans for this engine architecture. Take a look at the spy photo from MotorcycleNews.com. According to the reports, the bike pictured therein is using the trellis frame from one of their various 690 models and the bodywork from a Cagiva Mito. Of course, the final machine will have its own bodywork and the frame