The Hiriko is a folding two-seat urban electric car being developed by the Hiriko Driving Mobility consortium in the Basque Country. The electric car is the commercial implementation of the CityCar project developed by the Massachusetts Institute of Technology Media Lab since 2003. Pricing starts at €12,500 (US$16,400). Maximum speed of 50 km/h (31 mph). The Hiriko Fold weighs less than 500 kg (1,100 lb), has an extended length of 2.5 m (98.4 in) and its hinged body allow the microcar to retract its front and rear modules, enabling the Hiriko to fold upwards to 1.5 m (59.1 in) for parking.