Have you ever been stuck in traffic, wishing you had a tiny vehicle to scoot past it all? We sure have. So when we heard that one Canadian billionaire was developing a tiny electric vehicle that he believes will be the solution to busy city streets, we knew we had to learn more.

Meet Frank Stronach. He’s the founder of Magna International (an international automotive parts company based in Aurora, Ontario), a politician, and the creative mind behind SARIT.

SARIT, an acronym for Safe Affordable Reliable Innovative Transport, is what Stronach told CTV News he believes is the stuff of the future.

“This will change transportation in the world,” he said to the news outlet. “We call this the micro-mobility and micro-mobility will be the future.”

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So what exactly is it? Well, essentially it’s a cross between a bike and an electric car. It would give users the opportunity to skip the traffic by taking the bike lanes while staying sheltered from rain and snow.

It follows all the regulations of an electric bike – with a maximum speed limit of 32 km/hr. Plus, the three-wheel, one-seater is thin and portable like a bike, but also has a trunk for luggage storage. As we said, it’s the best of both worlds!

This development is a welcome step in Magna International’s ongoing mission to become a carbon-neutral company. The SARIT electric vehicle would apparently retail at about $5,000, which is actually works out to be cheaper than public transit over time.

There’s no word yet on when exactly this’ll be available to the public. As of right now, it’s still in the prototype stages. But we’ll definitely be keeping an eye out for more updates as the come.

Stay healthy, folks!

Curiocity Staff

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