Automotive News reports that starting in 2011, BMW will lease up to 700 ActiveE models to selected customers in major cities across the globe. The 1 Series Coupe all-electric vehicle continues down the path of the 450 MINI E vehicles that began rolling out last year in New York, Los Angeles, Berlin and London.

In an interview with the aforementioned publication, Ian Robertson, company’s board member for sales and marketing, said that the ActiveE fleet will contain between 600 to 700 units.

BMW ActiveE uses Lithium-ion electric pack making 170hp and 184lb-ft of torque (125kW/250 Nm). It weighs around 3,900 lbs and runs from 0 to 60 mph in 8.5 seconds. Drive autonomy is measured at around 100 miles.

At the Geneva Motor Show, BMW CEO Norbert Reithofer told reporters that the ActiveE “lays the groundwork for our fully-electric Megacity Vehicle.”

The first Megacity Vehicle is expected to launch in late 2012.