Tesla’s got some new competition from Switzerland. Inspired in design by classic Italian supercars, the Elextra will be hand-built in Germany, though its maker plans to limit production to 100 pieces to ensure exclusivity. The all-electric vehicle can reach 62 miles per hour from zero in a snappy 2.3 seconds, and travels nearly 400 miles on a single charge.

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The Elextra is meant to redefine supercars, while drawing on modern technology to offer a clean ride. It is constructed with carbon fiber and boasts a dual motor electric drivetrain. The output power of the twin motors is 680 horsepower. The Elextra can reach 155 miles per hour, and has a total range of 373 miles. That rapid speed of zero to 62 miles per hour in 2.3 seconds is just faster than the Tesla Model S P100D.

Related: Singapore’s Vanda Electric just unveiled a 1,500 horsepower electric supercar

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On the Elextra website, CEO Robert Palm of Classic Factory, which is behind the Elextra, said, “The idea behind Elextra is to combine pure lines reminding of the most exciting Italian supercars of the past, whilst being resolutely forward-thinking thanks to its low, sleek, and beautiful design, paired with today’s most advanced technology.”

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New Atlas pointed out hints of Ferrari-Lamborghini in the car’s wedge nose. A large greenhouse and signature V on the vehicle’s roof add flair. Yet the Elextra isn’t all style over function – it still has four seats and four doors so a whole family could go for a spin. New Atlas compared the amount of seating to the old Lamborghini Espada, which offered the sports car feel but had four seats inside.

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While designed in Switzerland, the cars will be built near Stuttgart, Germany. The company has not yet said how much the car will cost, but that they will be releasing more details this year.

+ Elextra

Via New Atlas and Elextra

Images via Elextra