Ex-Apple employee's startup develops go-karts for kids
California-based Actev Motors, co-founded by ex-Apple engineer Tony Fadell, is preparing to ship its new product, an all-electric go-kart for kids aged five to nine. The vehicle, priced roughly $1,000, features a Formula One-like body kit in silver or red, and comes bundled with an app that lets parents limit their kids' speed, and keep them within a particular boundary.