Today saw the unveiling of the Lotus’ quickest and most expensive series production car ever, the 3-Eleven, at the 2015 Goodwood Festival of Speed.

Working on the concept of less is more, and keeping close to Lotus’ track roots, the dramatic new vehicle features an all-new lightweight body, with an open cockpit design and a revised V6 supercharged engine developing 450 hp. Two variations of the Lotus 3-Eleven will be available: Road and Race; both delivering an impressive combination of high performance, agility and precision. Based on the Road version, the Race includes a more aggressive aero kit, a sequential gearbox and an FIA approved driver’s seat with a six-point harness.

With a dry weight of below 900 kg (Race version), the 3-Eleven offers an enviable power to weight ratio, in excess of 500 hp per tonne, and is capable of sprinting from 0-60 mph in less than 3.0 seconds before reaching a maximum speed of 174 mph (280 km/h) for the Race version and 180 mph (290 km/h) for the Road version

Prices start at £82,000 for the Road version and £96,000 for the Race version.