A year after introducing their first concept car, California-based Faraday Future launches their first production series electric car. Dubbed FF91, the sleek four-door outputs 1,000 horsepower produced by electric motors with a range of 378 miles and comes with a hefty deposit – $5,000.

Over the past year, “we have moved from the idea of a company to a company with fully functioning beta vehicles,” said Nick Sampson, Faraday’s senior vice president of R&D and engineering. “We have to flip the automotive industry back on its head, break it down and build it up the way it should have been in the first place, independent of fossil fuels.”

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As for price, Faraday representatives were mum, saying only that the company aims “to deliver the value of an ultra-luxury car at the price of a premium sedan.”

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According to Faraday Future, the car is able to hit 60 mph in 2.39 seconds — which, if accurate, would narrowly beat out the 2.4 seconds it takes a Tesla Model S to hit 60 mph. But no head-to-head comparison was provided at the moment.

Beyond that, the car has a few extra flourishes like a dual antennae that allows a wifi hotspot, facial recognition that allows for keyless entry and 151 cubic feet of space internally.

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Deliveries are set for 2018.