The downside of Lightyear One is that when it is released in 2021 it will cost 120,000 euro.
Lightyear chief executive Lex Hoefsloot said the creation of the car was influenced by the need to respond to climate change.
"Climate change is one of the biggest problems that we humans have faced in our history. It is such a frightening development that it is almost paralysing. We decided to do the opposite; as engineers, we believed we could do something", he said.
The prototype car is propelled by four independently driven wheels, which the firm says means no energy is lost in transit from the engine to the wheel. It can also be charged using regular plug sockets as well as at charging stations.
The start-up confirmed the first 100 units of the Lightyear One have already been reserved, but 500 in total are to be produced initially. The next models we plan to develop will have significantly lower purchase prices.
In addition, future models will be provided to autonomous and shared car fleets, so the purchase price can be divided amongst a large group of users. ‘Combined with the low operating costs of the vehicle, we aim to provide premium mobility for a low price per kilometre. A third, final step will be to provide truly sustainable cars that are more affordable to use than the cost of gas you need to drive a combustion car.
Hoefsloot said: "This will prove to be our most important tipping point in the near future, and it will pave the way for a car fleet that is 100% sustainable."