Production of the Tesla Roadster might have ended, but it’s opened up a whole new market. This is the creation of a German company called PG, which has created another Lotus Elise-based electric car, only this one has some serious attributes.

That silly looking grin at the front and the whole body for that matter is made up of carbon fiber, which is why it weighs less than a ton, just a bit over 900 kg in fact. The motor for this bad boy produces 272 horsepower and 350 Nm (258 lb-ft) of torque. Now that might not sound like much, but the ridiculously low weight, it’s enough to push the Elektrus past the first 100 km/h (62 mph) in just under 3 seconds and on to a top speed of up to 300km/h (186mph).

The range on a full charge should be 350 km (217 miles) but only if you don’t floor it. Only 667 of these will be built and the starting price has been announced at €240,000 ($312,500).

Check out the PG Elektrus: Carbon-Fiber Electric Lotus Elise photo gallery

By Mihnea Radu