SpecteNope, the tradeoff is that it's super solid though. I don't personally pull the wheels out of my chair and attach it to the stand, I just sorta wheel up to it. It's very heavy and well built, so it doesn't move much. But, sadly, no storage options.
You could maybe loosen and lower the wheel, move in the shifter stand attachment, and sort compact things up a bit, but it's certainly not what I'd consider "folding up".
SpecteWhile what @redd says is true, we did design it so it can be pretty simply disassembled and reassembled. So you could easily take the three main parts apart and put them in the closet and put it back together in just a few minutes. I guess whether or not that is an attractive option would depend on how often you would plan to store and reassemble.