Targeting fellow weekend racers from Ariel, Radical and KTM, the Elemental RP-1 follows the familiar formula of combining lightweight construction, an open-top body and a powerful turbocharged engine.
With a carbonfibre tub and aluminium throughout its chassis, Elemental claims the RP-1 will weigh just 450kg in its lightest iteration.
Its 2.0-litre four-cylinder Ford EcoBoost petrol engine produces 206kW of power and 360Nm of torque, giving it a whopping 458kW and 800Nm per tonne.
Elemental has employed motorsport aerodynamics experts to ensure that power gets to the ground, and claims 200kg of downforce at 160km/h.
No other performance figures have been released at this stage, though super-sharp sprint times are all but assured.
While minimalist in design, the RP-1 will also come with a number of creature comforts, including adjustable suspension to switch between track-focused and more comfortable road-going setups, a programmable dashboard display linked to built-in cameras, a heater, and luggage space.
Full details will be revealed when the Elemental RP-1 debuts at Goodwood on June 26.