Street-legal performance cars are great, but some of the most exciting vehicles on earth can only be driven on the track. The Aston Martin Valkyrie, the Ferrari FXX, and the McLaren P1 GTR are astonishing feats of engineering, but you won’t see any of them on your morning commute – at least not legally. A New Zealand company hopes its newest car reaches the bar set by those machines, and if the advertised specs are any indication, it might have a great shot.

Rodin recently announced the FZero, its V10 track car. The company has its sights set on an entry to the Formula 1 grid, and this car is said to offer an old-school F1 driving experience. Company CEO David Dicker designed the 4.0-liter V10 powering the car, which delivers 1,013 horsepower and a 10,500-rpm rev limit. Interestingly, that output only takes 11 psi of boost to develop. Rodin said it is working on a naturally aspirated version of the mill that could be offered as a crate engine for motorsport teams. The company also noted a 174-horsepower mild-hybrid system, though we don’t know if it was present during the filmed test.

Ricardo helped develop the eight-speed sequential gearbox using a 3D-printed titanium case. Rodin constructed the chassis from carbon fiber, and extensive aerodynamic bodywork generates up to 8,818 pounds of downforce. All of that adds up to a 223-mph top speed, and carbon-ceramic brakes bring everything to a screeching halt when asked. Rodin included a traction control system to help drivers cope with the power and slick tires.

Rodin hasn’t detailed a price yet, but it’s likely to climb past $1 million. The company only plans to build 27 of the cars, and as these things go, many (or all) of them are likely already sold. That’s not really a problem for most people, as the car’s price tag and track-only design place it in a highly exclusive club.