Electric car lovers have plenty to get excited about with a slew of EV hypercars on the horizon. There's the 2020 Lotus Evija from the UK, the Pininfarina Battista from Italy, Rimac C_Two from Croatia, and of course, the Tesla Roadster from the United States. Now, the US has another electric hypercar entering the fray, the Elation Hypercars Freedom. Elation is an upstart automaker from Silicon Valley, California, started by Argentinian business partners Carlos Satulovsky and Mauro Saravia.

The Freedom is powered by electric motors from Cascadia Motion, a technology company with 40 years of experience building motors for Formula E and kinetic energy recovery systems (KERS) for Formula One. Those motors are fed by a T-shaped 100 kilowatt-hour, integrated structural battery pack, giving the car a low center of gravity. Customers can also opt for a 120-kilowatt-hour battery upgrade, bringing the range to around 400 miles.

With three liquid-cooled, permanent magnet synchronous e-motors (PMSM), the Freedom produces over one megawatt of power or the equivalent of 1,414 horsepower. And that's just the base model. Elation will also sell a more powerful version, boosted to 1,903 hp. All of that grunt is fed through two bespoke gearboxes featuring electro-hydraulic torque vectoring systems. The front axle uses a one-speed gearbox, while the rear axle utilizes a two-speed gearbox to offer safe acceleration at all speeds.

The Elation team brings experience from Formula One, 24 hours of Le Mans, and several other European racing divisions into the Freedom. Some of the racing innovations include F1-inspired double-wishbone suspension and a lightweight carbon fiber monocoque chassis. "By dovetailing the worlds of high-performance motorsport with luxury, we have developed a purely emotional driving experience," says co-founder Carlos Satulovsky. "The goal of the Elation Freedom is to deliver just that."

Just like other upcoming EV hypercars, the Elation Freedom won't come cheap. Elation quotes a starting price of $2 million for the 1,414-hp version, and the number will likely go steeply up from there. Strangely, the company will also offer a gas-powered version called the Elation Freedom Iconic Collection for $2.3 million. Elation says this model will be extremely low-volume and use the 5.2 Liter V10 engine from a Lamborghini Huracan with the same seven-speed dual-clutch transmission and all-wheel-drive.