There's a good chance you've never heard of the Swiss electric startup company Piech. Founded by the son of former Volkswagen Group boss Ferdinand Piech and the great-grandson of Ferdinand Porsche, Piech presented the Mark Zero at the 2019 Geneva Motor Show, an electric sports car concept with over 400 horsepower and a driving range of over 300 miles. Since then, the company has been seeking funding to puts its first EV into production.

While there are many electric startups that have made ambitious promises but failed to deliver, Piech deserves more credibility because the team has appointed Matthias Muller, the former CEO of Porsche and Volkswagen, as Chairman, to work alongside the company's co-founders Toni Piech and Rea Star.

Former BMW Motorsport chief engineer Klaus Schmidt, who led the design of Piech's modular platform, will also become one of two company CEOs. Andreas Henke has been appointed as CEO and Chief Marketing Officer after previously working in strategy, marketing, and sales management roles at Porsche. Jochen Rudat, who directly reported to Elon Musk and helped build Tesla's European dealer network, was also recently hired as the company's Head of Sales. With these combined talents, Piech could prove to be a force to be reckoned with in the electric car industry.

Piech expects the next funding round to secure the capital needed to launch its first production car called the GT2. It will take the form of a two-door electric sports car with a sleek design seemingly inspired by Aston Martin cars, but Piech's flexible skateboard-style platform can support multiple body styles.

Two additional models will join the GT2: the four-seater GT4 and the GTX SUV. Powering the GT2 will be three electric motors, with one on the front axle and two mounted to the rear. Combined, this setup will produce 603 horsepower, enabling the electric sports car to hit 0-62 mph in under three seconds. This will make it more powerful than the entry-level Porsche Taycan 4S.

While battery size hasn't been revealed, the long-range GT2 will have a range of 310 miles, while the standard version will last 250 miles on a single charge. These estimates are based on the European WLTP test cycle, however, so the EPA range will likely be lower if the Piech GT2 is sold in the US. Piech claims the battery can be charged up to 80 percent in just four minutes and 40 seconds. Providing that funding can be secured, Piech plans to start selling the GT2 electric sports in late 2022.