Posted on October 29, 2009 at 9:48 AM
Filed under: Dealscape | Inside The Deal | Private capital | Tech Confidential
Tagged: electric cars , EV cars , Mike McQuarry , Tesla , venture capital , Wheego

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Electric cars may be the future of the automotive industry, so we took a spin in one from Wheego Electric Cars Inc. along with Wheego CEO Mike McQuary.

The startup, which is seeking $2.5 million in venture capital, has produced a two-seater city car called the Whip, which can reach speeds of up to 35 miles per hour and travel up to 50 miles on an eight-hour charge. While it is not as sleek as the better known, faster alternative, the Tesla Roadster (base price: $109,000), the Wheego at $19,500 before a $7,500 government incentive costs a pittance in comparison. See the video above or download it at iTunes. - Matthew Wurtzel

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