UNITED STATES SECURITIES AND EXCHANGE COMMISSION



|Washington, D.C. 20549
|----------------------

FORM 10-QSB(Mark One)[X]
     
     QUARTERLY REPORT PURSUANT TO SECTION 13OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December 31, 2007OR[ ]
     
     TRANSITION REPORT PURSUANT TO SECTION 13OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from
     
     to




|Commission File Number333-140322
|--------------------------------

NORTHWEST CHARIOTS INCORPORATED

(Exact name of registrant as specified in its charter)

Nevada
State or other jurisdiction of incorporation or organization
     98-0496885
(I.R.S. Employer Identification No.)


240, 222 Baseline Road, Suite 209, Sherwood Park, AB, T8H 1S8(Address of principal executive offices) (Zip Code)

Registrants telephone number, including area code: (604) 250-9356

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. _X_Yes __No

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes __ No _X_

Number of shares issued and outstanding of the registrants class of common stock as of January 31, 2008: 4,440,000 shares of common stock

Authorized share capital of the registrant: 75,000,000 common shares, par value of $0.001

The Company did not recognize any revenue for the quarter ended December 31, 2007.

---



|PART I - FINANCIAL INFORMATION
|------------------------------



|ITEM 1.
|-------



|FINANCIAL STATEMENTS
|--------------------

NORTHWEST CHARIOTS INCORPORATED



|(A Development Stage Company)
|-----------------------------

INDEX TO INTERIM FINANCIAL STATEMENTS



|DECEMBER 31, 2007
|-----------------

PageInterim Financial Statements:Interim Balance Sheets
     
     F-2Interim Statements of Operations
     
     F-3Interim Statements of Cash Flows
     
     F-4Interim Statement of Stockholders Equity
     
     F-5Notes to Interim Financial Statements
     
     F-6 to F-7


F-1

---

|NORTHWEST CHARIOTS INCORPORATED                            
|-----------------------------------------------------------
|(A Development Stage Company)                              
|INTERIM BALANCE SHEETS                                     
|                                                           
|                                                           
|                                                           
|                                                           
|                                                           
|ASSETS                                                     
|Current                                                    
|Cash                                                       
|Inventory                                                  
|Prepaid Expenses                                           
|                                                           
|Total current assets                                       
|Equipment, net of accumulated depreciation of $118         
|Website development, net of accumulated amortization of $97
|                                                           
|Total assets                                               
|                                                           
|LIABILITIES                                                
|Current liabilities:                                       
|Accounts payable and accrued expenses                      
|                                                           
|Total current liabilities                                  
|                                                           
|                                                           
|STOCKHOLDERS EQUITY                                       
|Capital stock                                              
|Authorized:                                                
|75,000,000 common shares, par value $0.001 per share       
|Issued and outstanding:                                    
|4,440,000 common shares                                    
|Additional paid-in capital                                 
|Deficit accumulated during the development stage           
|                                                           
|Total stockholders equity                                 
|                                                           
|Total liabilities and stockholders equity                 
|                                                           

The accompanying notes are an integral part of these statements.

F-2

---

|NORTHWEST CHARIOTS INCORPORATED 
|--------------------------------
|(A Development Stage Company)   
|                                
|INTERIM STATEMENTS OF OPERATIONS
|                                
|(Unaudited)                     
|                                
|                                
|                                
|                                
|                                
|                                
|                                
|                                
|Revenue                         
|                                
|                                
|Expenses                        
|Depreciation and                
|amortization                    
|Marketing                       
|Office and administration       
|Organizational costs            
|Professional fees               
|                                
|                                
|Total expenses                  
|                                
|                                
|Income (loss) from operations   
|                                
|Other income (expense)          
|Gain (loss) on foreign          
|exchange                        
|                                
|                                
|Income (loss) before taxes      
|                                
|Provision (credit) for taxes on 
|income                          
|                                
|                                
|Net (loss)                      
|                                
|                                
|Basic and diluted loss per      
|share                           
|                                
|                                
|Weighted average number of      
|shares outstanding              

The accompanying notes are an integral part of these statements.

F-3

---

|NORTHWEST CHARIOTS INCORPORATED      
|-------------------------------------
|(A Development Stage Company)        
|                                     
|INTERIM STATEMENTS OF CASH FLOWS     
|                                     
|(Unaudited)                          
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|                                     
|Cash flows from operating activities 
|Net (loss)                           
|                                     
|Adjustments to reconcile net loss to 
|net cash used by operating activities
|Depreciation and amortization        
|Changes in current assets and        
|liabilities:                         
|Inventory                            
|Prepaid expenses                     
|Accounts payable and accrued         
|liabilities                          
|                                     
|Net cash flows from operating        
|activities                           
|                                     
|                                     
|Cash flows from investing activities 
|Additions to equipment               
|                                     
|Net cash flows from investing        
|activities                           
|                                     
|                                     
|Cash flows from financing activities 
|Issuance of common shares            
|                                     
|Net cash flows from financing        
|activities                           
|                                     
|                                     
|                                     
|Net cash flows                       
|                                     
|Cash, beginning of period            
|                                     
|                                     
|Cash, end of period                  
|                                     
|                                     
|                                     
|Supplemental disclosure of cash flow 
|information                          
|Cash paid for:                       
|Interest                             
|Income taxes                         
|                                     

The accompanying notes are an integral part of these statements.

F-4

---

|                          |  | NORTHWEST CHARIOTS INCORPORATED           |  |                              
|------------------------- |  | ----------------------------------------- |  | -----------------------------
|                          |  |                                           |  | (A Development Stage Company)
|                         
|                          |  | INTERIM STATEMENT OF STOCKHOLDERS EQUITY |  |                              
|                         
|                          |  |                                           |  |                              
|                         
|                         
|                          |  |                                           |  |                              
|                          |  | CAPITAL STOCK                             |  |                              
|                          |  |                                           |  |                              
|                          |  |                                           |  |                              
|                          |  |                                           |  |                              
|                          |  | SHARES                                    |  | AMOUNT                       
|                          |  |                                           |  |                              
|                         
|Shares issued for cash at |  |                                           |  |                              
|$0.01                     |  | 3,500,000                                 |  | $ 3,500                      
|                         
|Net loss for the period   |  |                                           |  |                              
|ended September 30, 2006  |  |                                           |  | - -                          
|                          |  |                                           |  |                              
|                         
|Balance,                  |  |                                           |  |                              
|September 30, 2006        |  | 3,500,000                                 |  | 3,500                        
|                          |  |                                           |  |                              
|                         
|September 18, 2007       |  |                                           |  |                              
|Shares issued for cash at |  | 940,000                                   |  | 940                          
|$0.10                     |  |                                           |  |                              
|                         
|Net Loss for the year     |  |                                           |  |                              
|ended September 30, 2007  |  | -                                         |  | -                            
|                          |  |                                           |  |                              
|                         
|Balance,                  |  |                                           |  |                              
|September 30, 2007        |  | 4,440,000                                 |  | 4,440                        
|                          |  |                                           |  |                              
|                         
|Net Loss for the period   |  |                                           |  |                              
|ended December 31, 2007   |  | -                                         |  | -                            
|                          |  |                                           |  |                              
|                         
|Balance,                  |  |                                           |  |                              
|December 31, 2007         |  | 4,440,000                                 |  | $ 4,440                      
|                          |  |                                           |  |                              

The accompanying notes are an integral part of these statements.

F-5

---



|NORTHWEST CHARIOTS INCORPORATED(A Development Stage Company)NOTES TO INTERIM FINANCIAL STATEMENTS
|-------------------------------------------------------------------------------------------------



|DECEMBER 31, 2007
|-----------------



|Note 1Unaudited Statements
|--------------------------

While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. Except as disclosed below, these interim financial statements follow the same accounting policies and methods of their application as our audited annual financial statements for the year ended September 30, 2007. It is suggested that these interim financial statements be read in conjunction with our audited financial statements for the year ended September 30, 2007. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for the full year.

The information as of September 30, 2007 is taken from the audited financial statements of that date.



|Note 2Nature and Continuance of Operations
|------------------------------------------

|a) | Organization                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  
|   | We were incorporated in the State of Nevada, United States of America, on April 04, 2006. Our year end is September 30th.                                                                                                                                                                                                                                                                                                                                                               
|  
|b) | Development Stage Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|   | We are in the development stage and have not yet realized any revenues from our planned operations. Our business plan is to develop a retail sales and rental business for electrically powered human transporters. We are planning to promote our transporters to large corporations throughout Western Canada. Our offices are located in Sherwood Park, Alberta.                                                                                                                     
|  
|   | Based upon our business plan, we are a development stage enterprise. Accordingly, we present our financial statements in conformity with the accounting principles generally accepted in the United States of America that apply in establishing operating enterprises. As a development stage enterprise, we disclose the deficit accumulated during the development stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date.
|  



|Note 3Common Stock
|------------------

Our authorized common stock consists of 75,000,000 shares with a par value of $0.001 per share.

On April 04, 2006, we issued 1,500,000 shares of common stock at a price of $0.01 for cash totaling $15,000.

On September 25, 2006, we issued 2,000,000 shares of common stock at a price of $0.01 for cash totaling $20,000.

On September 18, 2007, we issued 940,000 shares of common stock at a price of $0.10 for cash totaling $94,000.

Note 4Income Taxes

We are subject to U.S. federal income taxes. We have had no income, and therefore, have paid no income tax.

F-6

---



|NORTHWEST CHARIOTS INCORPORATED(A Development Stage Company)NOTES TO INTERIM FINANCIAL STATEMENTS
|-------------------------------------------------------------------------------------------------



|DECEMBER 31, 2007
|-----------------



|Note 4Income Taxes (continued)
|------------------------------

Deferred income taxes arise from temporary timing differences in the recognition of income and expenses for financial reporting and tax purposes. Our deferred tax assets consist entirely of the benefit from net operating loss (NOL) carry-forwards. The NOL carry forwards expire in 2027. Our deferred tax assets are offset by a valuation allowance due to the uncertainty of the realization of the NOL carry-forwards. NOL carry-forwards may be further limited by a change in our ownership and other provisions of the tax laws.

The provision for refundable Federal income tax, using an effective tax rate of thirty four percent (34%), consists of the following:

|                                               |  | Three-Month  |  |              
|---------------------------------------------- |  | ------------ |  | -------------
|                                               |  | Period Ended |  | Period Ended 
|                                               |  | December 31, |  | September 30,
|                                               |  | 2007         |  | 2007         
|                                               |  |              |  |              
|Refundable Federal income tax attributable to: |  |              |  |              
|Current operations                             |  | ($ 7,542)    |  | ($ 12,529)   
|Timing differences/Organizational costs        |  | 7,542        |  | 12,529       
|Change in deferred tax valuation allowance     |  |              |  |              
|                                               |  |              |  |              
|Net refundable amount                          |  | -            |  | -            
|                                               |  |              |  |              

The cumulative tax effect at the expected rate of thirty four percent (34%) of significant items comprising our net deferred tax amount is as follows:

|                                    |  | December 31, |  | September 30,
|----------------------------------- |  | ------------ |  | -------------
|                                    |  | 2007         |  | 2007         
|                                    |  |              |  |              
|Deferred tax asset attributable to: |  |              |  |              
|Net operating loss carryover        |  | $20,666      |  | $13,124      
|Organizational costs                |  |              |  |              
|Less, Valuation allowance           |  | (20,666)     |  | (13,124)     
|                                    |  |              |  |              
|Net deferred tax asset              |  | -            |  | -            
|                                    |  |              |  |              

At December 31, 2007, we had an unused NOL carryover approximating $ 20,666 that is available to offset future taxable income. It will expire beginning in 2027.

F-7

---

|ITEM 2. |  | MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
|------- |  | ---------------------------------------------------------------
|        |  | RESULTS OF OPERATIONS                                          

We incorporated as Northwest Chariots Incorporated (referred to herein as Chariots, we, us, our and similar terms) on April 4, 2006, in the State of Nevada. Our principal executive offices are located at 240, 222 Baseline Road, Suite 209, Sherwood Park, AB, T8H 1S8. Our telephone number is (604) 250-9356. Our fiscal year end is September 30.

We are in the process of establishing a retail sales and rental business for electrically powered human transporters. Human transporters are individually manned scooters where the individual commuter propels himself or herself to his or her chosen destination. These transportation devices take up less space when parked and allow for greater mobility as they are well designed for used in congested areas.

With the continuing rising costs for petroleum-based fuel contrasted against the use of electricity as an energy source and the already proven acceptance of these transporter products, we believe that we can fill a need by providing personal human transporter products to the metropolitan areas market.

Plan of Operation

The following is a summary of our plan of operation for the next twelve (12) months.

Satisfaction of Cash Requirements/Need for Additional Funds

We have $45,374 remaining from the net proceeds of our offering. As at January 31, 2008, our net cash balance was approximately $49,000.

We believe our existing cash balances are sufficient to carry our normal operations for the next six (6) months. If our sales of inventory are not sufficient to meet our cash requirements after such six (6) month period of time, we may attempt to sell additional equity shares or issue debt. Any sale of additional equity securities will result in dilution to our stockholders. There can be no assurance that additional financing, if required, will be available to us or available on acceptable terms. We do not have any lending arrangements in place with banking or financial institutions and we do not anticipate that we will be able to secure these funding arrangements in the near future.

Product Research and Development

We have not incurred any costs to date relating to research and development and have no plans to undertake any research and development activities within the next twelve (12) months.

Plant and Significant Equipment

We are in the early development stage of operations. Since incorporation, we have not made any significant purchases or sale of assets and have no plans to purchase or sell any such assets within the next twelve (12) months.

Employees

Our officers and directors are responsible for all planning developing and operational duties and will continue to do so throughout the early stages of our growth, doing whatever work is necessary to bring our business to the point of having positive cash flow. We have not contracted or made any plans with any entities or persons to provide subcontract services. We have no intentions in hiring any employees until our business has been successfully launched and there is sufficient and reliable revenue from operations. Human resources planning will be part of an ongoing process that will include constant evaluation of operations and revenue realization. We do not expect to hire any employees during the next twelve (12) months of operations.

Off-Balance Sheet Arrangements

8

---

We currently do not have any off-balance sheet arrangements.



|ITEM 3.
|-------



|CONTROLS AND PROCEDURES
|-----------------------

As of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Exchange Act). Based upon this evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms.

There has been no change in our internal control over financial reporting during the current quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



|PART II  OTHER INFORMATION
|---------------------------



|ITEM 1.
|-------



|LEGAL PROCEEDINGS
|-----------------



|None.
|-----

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There have not been any changes in our securities since filing our last Annual Report on Form 10-KSB for our fiscal year ended September 30, 2007, as filed on January 2, 2008.

As previously reported, on February 9, 2007, our Registration Statement on Form SB-2 was declared effective, and on August 31, 2007, we completed a maximum offering of 940,000 common shares at a price of $0.10 per share.

As of the date of this Form 10-QSB Quarterly Report, there are 4,440,000 shares of our common stock issued and outstanding of which 3,500,000 shares are held by our officers and directors.

The following table sets forth the actual expenses of the offering incurred for our account from February 9, 2007 to December 31 2007 that were paid directly from existing working capital at the time of the offering, and therefore, were not deducted from the proceeds of the offering. The net proceeds from the offering were $94,000.

|                          |  | Amount of direct or indirect payments     |  |                             
|------------------------- |  | ----------------------------------------- |  | ----------------------------
|                          |  | to directors, officers, general partners, |  |                             
|                          |  | 10% shareholders or affiliates of the     |  | Amount of direct or indirect
|Expense                   |  | Issuer                                    |  | payments to others          
|                          |  |                                           |  |                             
|Legal Counsel and Auditor |  | 0                                         |  | $12,290                     
|Transfer Agent            |  | 0                                         |  | 665                         
|Office & Admin.           |  | 0                                         |  | 5,314                       
|                          |  |                                           |  |                             
|Total                     |  | $ 0                                       |  | $18,269                     
|                          |  |                                           |  |                             

The following table notes the use of proceeds for actual expenses incurred for our account from February 9, 2007 to December 31, 2007. This chart details the use of net offering proceeds from the offering of the securities.

|Expenses |  | Amount of direct or indirect payments     |  | Amount of direct or indirect
|-------- |  | ----------------------------------------- |  | ----------------------------
|         |  | to directors, officers, general partners, |  | payments to others          
|         |  |                                           |  |                             

9

---

|                                   |  | 10% shareholders or affiliates of the |  |         
|---------------------------------- |  | ------------------------------------- |  | --------
|                                   |  | Issuer                                |  |         
|                                   |  |                                       |  |         
|Legal and Accounting               |  | 0                                     |  | $ 15,809
|Inventory                          |  | 0                                     |  | 9,500   
|Office Furniture, Equip & Supplies |  | 0                                     |  | 4,871   
|Marketing & Travel                 |  | 0                                     |  | 9,354   
|Website Dev., Hosting & Telecom    |  | 0                                     |  | 3,476   
|Miscellaneous Administration       |  | 0                                     |  | 5,616   
|                                   |  |                                       |  |         
|Total                              |  | $ 0                                   |  | $ 48,626
|                                   |  |                                       |  |         

The proceeds from our offering are being used to fund our operations as described in the registration statement on Form SB-2 incorporated by reference herein.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.



|ITEM 5.
|-------



|OTHER INFORMATION
|-----------------



|None.
|-----



|ITEM 6.
|-------



|EXHIBITS
|--------

(a) Pursuant to Rule 601 of Regulation S-B, the following exhibits are included herein or incorporated by reference.

|Exhibit |            
|------- | -----------
|Number  | Description

|3.1  | Articles of Incorporation*                                      
|---- | ----------------------------------------------------------------
|    
|3.2  | By-laws*                                                        
|    
|31.1 | CERTIFICATION OF CEO PURSUANT TO 18 U.S.C. ss. 1350, SECTION 302
|    
|31.2 | CERTIFICATION OF CFO PURSUANT TO 18 U.S.C. ss. 1350, SECTION 302
|    
|32.1 | CERTIFICATION PURSUANT TO 18 U.S.C. ss. 1350, SECTION 906       
|    
|32.2 | CERTIFICATION PURSUANT TO 18 U.S.C. ss. 1350, SECTION 906       
|    

*Incorporated by reference to our Form SB-2 Registration Statement, file number 333-140322, filed on January 30, 2007.

10

---



|SIGNATURES
|----------

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on this 25thday of February, 2008.



|NORTHWEST CHARIOTS INCORPORATED
|-------------------------------



|Date: February 25, 2008
|-----------------------



|By:/s/ Douglas Dewar
|--------------------

Name: Douglas Dewar

Title: President/Chief Executive Officer, principal executive officer



|Date: February 25, 2008
|-----------------------



|By:/s/ Robert Doolan
|--------------------

Name: Robert Doolan

Title: Chief Financial Officer, principal financial officer and principal accounting officer



12

---