One of the most peculiar little urban electric vehicles is headed for production. The Dr. Seuss-like Hiriko, which means “urban” in the Basque language, is an electric vehicle that was conceived in Northern Spain and given life by MIT investors, private backing and numerous government loans. Unlike its rival, the Smart fourtwo, the Hiriko uses its Transformers DNA to fold up, wheel-to-wheel for parking space conservation.

The Hiriko is powered by four individual in-wheel electric motors that enable the car to spin in a 360. Although motor specifications or battery types have not been divulged, the Hiriko has been slated to offer a 75-mile range and comical 40MPH top speed. That’s not bad if you look at the Hiriko as a life-sized Mario Kart bred for racing throughout city streets. Just replace the steering wheel with a joystick, since that’s the chosen navigational tool on a Hiriko.

The Galapagos Islands, Berlin, Barcelona and San Francisco are all interested in getting a piece of the Hiriko when deliveries start in early 2013. The car will cost approximately $16,233, batteries not included.

[Via Left Lane News]