The invention provides a multifunctional electric bicycle. The multifunctional electric bicycle comprises a frame, a saddle, a rear wheel, a front wheel, a vertical tube and other components; the front wheel is installed at the bottom of the vertical tube through damping front fork devices; a middle shaft sleeve is installed in the middle of the frame, a middle shaft penetrates through the middle shaft sleeve and penetrates through a front wheel disc, pedal devices are installed at the two ends of the middle shaft, and the front wheel disc is connected with a rear wheel disc through a chain; the frame comprises a lower tube, a middle tube, two upper tubes and two rear tubes, a first box and a second box for placing electrical elements are fixedly installed on the upper tube and the middle tube respectively, a battery box used for placing a battery is installed among the lower tubes and the middle tube, and the battery drives a hub motor to operate. The battery box can effectively protect the battery from external disturbance and promote the heat dissipation effect. The first box and the second box protect the electrical elements from external disturbance; the damping front fork devices can buffer and damp vibration and impact from the portion before a bicycle and the wheels, and bicycle comfort is improved.