There's a successor to the Valkyrie in the works, with a more road-ready design and hybrid power. Meet the Project 003... well, its silhouette.

Aston Martin has offered the first glimpse at its upcoming Project 003 hypercar, set to hit the market late in 2021.

Just 500 examples will be made, following in the footsteps of the Valkyrie and Valkyrie AMR Pro, dubbed Project 001 and 002 respectively.

Power will come from a hybrid-electric powertrain, pairing a turbocharged petrol engine with a battery boost. Aston Martin says it'll borrow technology from its Valkyrie predecessor, but whether the car will be a plug-in or a series hybrid remains to be seen.

We know it'll be more road-oriented than the Valkyrie, with luggage space and other "more practical concessions to road use".

"It was always the intention for the Aston Martin Valkyrie to be a once-in-a lifetime project, however, it was also vital to us that Valkyrie would create a legacy: a direct descendent that would also set new standards within its own area of the hypercar market, creating a bloodline of highly specialised, limited production machines that can exist in parallel with Aston Martin’s series production models," said Andy Palmer, Aston Martin CEO and president.