You could change the rear brake to a disc-affair: You'd need:
A replacement disk wheel
Frame disk adaptor
Cable-operated disc brake and rotor
You could add the suspension seat post (already suggested)
You could also get a new disk-compatible air-shock front fork.
This'd keep your original bicycle frame, drive-train, etc, etc.
Or purchase a second-hand replacement and rob your existing bike for the motor and parts (mudguards, rack, handle-bar widgets, etc)