A small Austrian car company called Milan Automotive wants to rival the big boys in the hypercar segment, such as Koenigsegg and Bugatti.

And they’re planning to do so with the Red, an exotic model that’s powered by a quad-turbocharged 6.2-liter V8 engine that feeds 1,325PS (1,306hp / 974kW) and 1,400Nm (1,033lb-ft) of torque to the rear wheels through a dual-clutch seven-speed automatic transmission.

Milan Automotive says the Red can run to 100km/h (62mph) in 2.47sec, or about the same as the Bugatti Chiron. As for the 0 to 200km/h (0-124mph) and 0-300km/h (0-mph), these take 5.46sec and 9.98sec, respectively. Top speed stands at in excess of 400km/h (249mph), and the Austrian car firm claims the Red is capable of lateral accelerations of 2.6G.

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The Milan Red is 4,741mm (186,7in) long, 1,197mm (47.1in) tall and 2,156mm (85in) wide, with a wheelbase of 2,750mm (108.3in). It has a curb weight of 1,300kg (2,866lbs), a carbon fiber monocoque and carbon fiber-made panels.

The rear wing acts as an air brake and stopping power is provided by the carbon ceramic brakes made by Brembo, 390mm (15.4in) front and 380mm (15in) rear, with 6 and 4 piston calipers, respectively.

Going over speed bumps should be fairly easy, given the lifted ground clearance of 135mm (5.3in) (normal – 90mm/3.5in), and the Milan Red has CFRP double wishbone suspension, with 3 spring-damper system and adjustable anti-roll bar at both ends.

Milan will only make 99 units of the hypercar, and 18 have already been spoken for, despite the pricing that’s believed to start at some €2 million locally ($2.33 million).