Rimac's high-powered Concept_One EV will debut this fall.

Croatia-based Rimac Automobili has unveiled its radical Concept_One electric hyper car. The Concept_One will make its first public appearance in September at the UK's Salon Privé.

Powered by four-electric motors - one at each wheel - the Concept_One develops a Bugatti Veyron-rivaling 1,088 horsepower. That figure is only matched by the Concept_One's torque rating, which stands at a pavement-shredding 2,800 lb-ft.

Tipping the scales at a relatively light 4,078 pounds, the Concept_One can accelerate from 0-60 in just 2.8 seconds. Rimac says the Concept_One can hit a top speed of 190mph.

The hyper car's handling should match its straight-line speed, thanks to a unique torque vectoring system Rimac calls All-Wheel Torque Vectoring (AWTV).

Juice for the Concept_One is provided by a 92-kWh battery, allowing for an all-electric range of 373 miles.

"We started with a blank sheet of paper. The idea was to create an exceptional supercar with a new propulsion concept," Mate Rimac, the 24-year-old CEO of Rimac Automobili, said. "What we have here is a fully-fledged hypercar that is as powerful as a Bugatti, as stylish as a Ferrari, and as luxurious as a Mercedes, all while managing to forsake even the tiniest sip of gasoline."

The Concept_One will also carry a price tag to match those high aspirations. Just 88 units of the Concept_One are planned for production, each with an asking price of $1 million.