It is an electric two-seater with no doors whose motor is located in the wheels and which folds up like a child’s collapsible buggy, or stroller, for easy parking.
The vehicle’s four wheels turn at right angles to facilitate sideways parking in tight spaces.
The tiny cars can run 120 kilometers (75 miles) without a recharge and whose speed is electronically set to respect city limits.
They envision it as a city-owned vehicle, up for hire like the fleets of bicycles available in many European cities, or put up for sale privately at an asking price of 12,500 euros.
Several cities have shown interest, including Berlin, Barcelona, San Francisco and Hong Kong. Talks are under way with Paris, London, Boston, Dubai and Brussels.