[citation needed] The oil shock of 1978-9 inspired Carl Georg Rasmussen, a Danish engineer and pilot, to design and build the first practical velomobile.

Carl Georg Rasmussen initially formed the company as a limited partnership with ten investors – mostly friends and intending customers.

He also received some of his early funding from other customers who, while not wishing to risk a direct investment in the company, were nevertheless prepared to make an advance purchase.

The Leitra is a three-wheeled, non-motorized vehicle designed for commuting, shopping, distribution of light goods, recreation, and touring.

In 2013 development began of the Leitra Wildcat – a detachable fairing designed to fit most any kind of recumbent trike.