Bravo Motors, one of Russia's most promising e-vehicle startups, has unveiled the latest design of an ultracompact electric car that the company hopes will take hold in Europe over the coming years.

 The Bravo eGo is a two-seat, four-wheeled runabout that doubles as a sidewalk vehicle when the traffic snarls up and is powered by efficient lithium iron phosphate batteries.

"On the roads the Bravo eGo looks like any other compact automobile: It's solid, very safe, keeps out the rain and can achieve speeds of up to 90 km/h," says the general director of Bravo Motors, Konstantin Artemyev.

The eGo is capable of reaching speeds of 90 km/h on the roads and 10 km/h in sidewalk mode

The Bravo eGo is a reincarnation of the company's e-trike, which won the prize for the most promising startup at Skolkovo's 2013 Startup Village event.

Bravo Motors, a Skolkovo resident company, is angling for a slice of a reported $31 billion global market in electric and hybrid cars, and is eyeing Europe's gridlocked capitals as its entry point.

Bravo Motors has slapped a $20,000 price tag on the eGo, which has over a dozen pre-orders already, but insists the cost will drop below the $14,000 when production exceeds 100 units a month.

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