A new supercar has been unveiled. It is sleek, has been designed by F1 engineers, has the capability to get to 170 mph, do 0-100 mph in 8.5 seconds and is faster than a V12 Ferrari. But the really interesting bit is thatit is an electric powered supercar.

The new eco-supercar, the Nemesis, is the brainchild of Ecotricity, a green energy provider. They took a second hand Lotus Exige off of eBay and put a six man team to work on the 20,000 mile second hand roadster.

They lengthened the chassis, took out the engine and installed 96 Korean lithium polymer batteries with two brushless electric motors from the USA and a new transmission.

The car conversion itself took 6 months, the electronics behind it though took 18 months to develop.

According to Ecotricity, the Nemesis is the "ultimate in sustainability – a car that’s fast, great to look at and fabulous to drive – all with zero emissions. Just one small part of Ecotricity’s big vision for a Green Britain".

The electricity will be derived from Ecotricity's 51 wind turbines and was built in response to the American eco-supercar, the Tesla Roadster.

The Tesla Roadster boasts a top speed of 125mph and 0-60 mph in 3.9 seconds and, depending on the model comes with a price tag of £87,945-£101,900.

The Tesla can go 211 miles between recharging and the Nemesis 100-150 miles.

Ecotricity are offering EcoBonds, with which they hope to raise £10 million. The bonds last 4 years with auto renewals on an annual basis. They are open to UK based companies, trusts, charities, individuals and legal entities (minimum investment £500) and pay a fixed coupon (interest rate) of 7% – this is enhanced to 7.5% for Ecotricity customers. Ecotricity's founder Dale Vince said "Our EcoBonds give people the opportunity to share in the financial benefits of Green Energy while at the same time supporting our work".

Ecotricity's aim was to show that electric cars are not only feasible but also fun and desirable. But even if the Nemesis comes well under the Tesla price tag that's a lot of money to pay for a vehicle with a limited range and a battery top up time measured in hours instead of the few minutes we are accustomed to spending at the pump.

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