The car in question is the Wheego Whip LiFe, a highway-capable EV with a target price of $33,500. Here's the problem though, Wheego is short on cash (imagine that) and needs to sell equity to come up with $5 million soon. The funds will hopefully go towards getting the Whip Life through crash testing (if it can pass) and what's left over will go into producing the first 200 cars which could roll of the line as early as August. As Wheego chief executive officer Mike McQuary told BNET, "We were a risky proposition three years ago, but now we're on the home stretch." The company may be closing in on its goals, but there's still a lot of "ifs" and "buts" to overcome. In the meantime, the Nissan Leaf is ready to go.
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