Automakers are starting to catch up to Tesla by launching longer-range electric vehicles – and Lucid Motors is one of the most promising start-ups to throw their hat into the ring. The company’s new Air EV will have a longer driving range than every other electric car on the market – and it features two motors that generate a combined output of over 1,000 horsepower.

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The Air EV is a luxury sedan designed to compete not only with the Tesla Model S, but other larger luxury sedans like the Mercedes-Benz S-Class and BMW 7 Series. The Air means business with its standard 100 kWh battery – the largest battery pack in the industry – and it can be upgraded to an even larger 130 kWH battery that provides 400 miles of all-electric driving range.

Related: Lucid Motors to build electric vehicle plant in Arizona

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With that much power the Air only needs 2.5 seconds to reach 60 mph. Since the Air will compete with the world’s best luxury sedans, it’s no surprise that it will arrive with a price tag over $100,000 – although Lucid Motors says that a cheaper model is planned.

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Lucid Motors is now taking orders for the Air, which can be reserved by placing a large $25,500 deposit. That significant deposit is for the first batch of cars, which will have a price tag of around $160,000. The much cheaper $65,000 model can be reserved for much more reasonable $2,500. Lucid Motors’ first electric cars will go into production in Arizona in 2018.

+ Lucid Motors

All images @ Lucid Motors