The ERA Electric Raceabout, developed by Helsinki Metropolia University of Applied Sciences was spotted zipping around the track at the Nurburgring.

Power is provided by four electric motors, all running off of a 32 kWh lithium-titanate battery. What that equates to is a 0-62 time of 6 seconds, and 268-hp at 737 lb-ft. The Electric Raceabout tops out at 124-mph.

If the video proves correct, the car may have made it around the Nordschleif in just over nine and a half minutes.

Is this the future of production model electric cars? It would certainly help their popularity.

Check out the video after the jump.

- By: Alexandra Koken