Vancouver-based automaker Electra Meccanica revealed plans to build an electric roadster badged the Tofino at the Vancouver auto show, which wrapped up April 2, reports Carscoops.

Electra Meccanica is an upstart automaker co-founded by two Canadians, Henry Reisner and Jerry Kroll, in 2015. It currently produces the SOLO, a three-wheeled, single-passenger electric vehicle intended for short-distance commuting.

The Tofino will offer performance comparable to that of a conventionally-powered Mazda Miata, should it come to fruition.

Electra Meccanica says its new roadster will feature a carbon-composite chassis, powered by a single electric motor capable of propelling the car to 100 km/h in roughly seven seconds, going on to a top speed of 200 km/h.

When driven conservatively, the Tofino is said to be capable of up to 400 kilometers of range.

Electra Meccanica currently builds its SOLO, and plans to build its Tofino, from Chinese and Indian parts with final assembly taking place at its New Westminster and North Saanich, B.C. shops.

The Canadian automaker aims to make its first deliveries of the Tofino in 2019 with a sticker price of $50,000; the company is currently taking $1,000 deposits to secure an allotment.

The company has opened up showrooms in Vancouver and Richmond, B.C., with plans to open more across Canada and beyond as the company grows.

Electra Meccanica parent company Intermeccanica was founded in Torino, Italy in 1959 by Reisner’s father, Frank. The niche automaker produced replica cars and specialty car parts before relocating to Canada.