Thursday, March 15, 2007

Idealab Takes On Hybrid Cars

Pasadena-based Idealab has added a new company to its portfolio, in the area of electric and hybrid cars. Aptera Motors is developing what it describes as "lightweight, low cost composite electric and plug-in hybrid vehicles". The firm showed its first car, the Aptera typ-1, at the invite-only TED conference this week, saying that the automobile will be available for around $20,000.

---