This is the Elektrus, an electric car by the small German company PG. As it’s the case with German shed-built cars — while it excels at engineering — it is incredibly ugly.

It might be ugly, but it’s clever. For starters, it is based on the Lots Elise, just like the infamous Tesla Roadster, and features an all carbon fiber body. That means the two-seater sportscar doesn’t weigh more than 900 kg, and that, theoretically, means it’ll be great to drive.

PG remains tight-lipped on the specifications of the electric motor(s) that power the Elektrus, but they do claim a 0 to 100km/h time of under 3 seconds, and a top speed of over 300 km/h. What’s more, based on your driving style, the batteries will offer a range of up to 350 kilometers.

All these numbers sound too good to be true. But we shall soon find out if the Elektrus is for real, as they have plans to put it into production later this year.