A new era of electric hypercars with absurd amounts of power is about to begin, led primarily by the Lotus Evija, Pininfarina Battista, and Rimac C_Two.

But there's another entry from the US you may not be aware of. Last month, California-based startup Elation Hypercars previewed its extraordinary Freedom hypercar, and development has only continued to gain ground ever since. Bypassing the typical "mockup" stage, Elation is instead focused on jumping right into a fully functional prototype.

Previewed in new renders released this week, perhaps to try and steal some of the Hennessey Venom F5's thunder, the prototype is nicknamed Dogo 001 as a reference to the Dogo Argentino - a dog breed famous in South America for its strength and power. The renders are "a preview of our vision becoming reality," said Carlos Satulovsky, CEO of Elation Hypercars. "While our prototyping phase has been well underway for some time now, we are incredibly excited to share the physical manifestation of our car with the world."

Elation Hypercars plans to show off the Dogo 001 early next year, at around the same time static and dynamic prototype testing gets underway. The final production version will bow at the 2022 Geneva Motor Show, replete with streamlined carbon-fiber bodywork that "balances a timeless, elegant aesthetic with precise, purist performance." Partly because of that carbon bodywork, Elation boasts that the Freedom will be "one of the lightest, most powerful cars available in the world."

Production of the Freedom hypercar will be limited to only 25 examples per year, each requiring more than 4,000 hours to build. In standard spec, the Freedom will be offered with three electric motors generating a combined 1,427 horsepower and 1,062 lb-ft of torque, but the range-topper will be a quad-motor version with a colossal 1,903 horsepower.

The sprint from 0 to 62 mph in the Elation Freedom will take 1.8 seconds before the car tops out at an electronically limited 260 mph.

For those that prefer combustion power, Freedom is one of very few startups working on both pure-electric and internal combustion propulsion. The company's forthcoming Iconic Collection will be powered by a 5.2 liter V10, good for 750 horsepower and an 8,500-rpm redline, and backed by a seven-speed dual-clutch transmission and all-wheel drive. The 0-62-mph sprint should come in about 2.5 seconds, and the top speed will be limited to 240 mph.

Pricing for the electric Freedom will start at $2 million, while the combustion variant will be even more expensive, starting at around $2.3 million.

Elation Hypercars has a lot to prove, as we've lost count of how many automotive startups have failed to deliver on their bold claims, or have folded before ever turning out a saleable product. But going purely by the weight of its claims, the company is a promising one.