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Preheat oven to 350° F. Lightly grease 10inch spring form pan. In a bowl, mix together flour, baking powder, soda, salt and cinnamon.
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In a larger bowl, stir sugar together with oil. Beat in eggs one at a time. Stir in 1 tsp of vanilla.
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Gradually beat in flour mixture. Then, stir in carrots and chocolate chips until just blended.
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Spoon the batter into the greased pan and smooth top. Bake for 55 to 60 minutes until cake starts to pull away from side of pan and cake tester comes out clean.