Finnish startup Toroidion reveals 1,341-hp electric megacar

The sports coupe integrates a fast-swap battery for use at home or on the track.

Finnish startup Toroidion has introduced an all-electric 'megacar,' revealed today at Top Marques Monaco.

The two-seater is said to provide a megawatt of power, equivalent to 1,341 horsepower -- more than a Bugatti Veyron, on par with the Koenigsegg Agera One:1 and just shy of the Koenigsegg Regera.

Toroidion's new powertrain is said to be scalable for different power applications, suggesting the company may be preparing to offer a more tame variant. Its battery is said to have been developed for quick swapping, enabling the car to be used on a track by changing the module in the pit lane.

"Toroidion was established in 2011 to develop an entirely new electric powertrain that would be competitive at the Le Mans 24-hour race," the company notes.

The company was founded by Pasi Pennanen, an automotive designer who previously worked for Honda, Jaguar and coachbuilder Zagato before forming his own design firm a decade ago.

The car will be designed, developed and built in Finland, with global launch ambitions, however the company has not yet announced a time-frame for accomplishing the production goals.

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