Texas-based performance tuner Hennessey Special Vehicles finally let loose photos and info on its new Venom F5, a 1,600-horsepower hypercar it hopes will take the title of world’s fastest street-legal vehicle with a projected top speed of 484 km/h (301 mph).

While the company’s Venom GT was based on a stretched Lotus platform, the new Venom F5 sits on its own carbon-fibre monocoque chassis, though a General Motors LS-based twin-turbo V8 still sits amidships and sends power to the rear wheels.

In this application, the engine tune has been ramped up to some 1,600 horsepower and 1,300 lb-ft of torque, channeled through either a seven-speed automatic or a six-speed manual.

A manually engaged “VMax” mode lowers the rear wing, closes up some of the engine cooling ducting, and will allegedly allow the Venom F5 to nab 300 km/h (186 mph) from a standing start in just 10 seconds, and 400 km/h (249 mph) less than 10 seconds after that.

Top speed is an projected 484 km/h (301 mph), fast enough to wrest the title of world’s fastest street-legal car from John Bohemer’s Ford-based BADD GT, which earlier this year clocked a confirmed 470 km/h (292 mph).

Inside, the Venom F5 comes fitted with a carbon-fibre dash with an iPad in the center; and leather and Alcantara upholstery on the seats. Though the car is, of course, pretty small and light, leg- and headroom should not be an issue, since Hennessey claims it designed the car around an unnamed six-foot-six football player, one of the car’s first customers.

Hennessey plans to build just 24 examples of the Venom F5, marketing them at a cool $1.6 million US each. A wealth of options can bump that number up by $600,000, meaning a fully kitted-out Venom F5 will cost about $2.2 million US.