Updated 8/18/2014 11:45 AM EST to include pricing details.

It seems Tesla’s not the only company building EVs in Silicon Valley these days. Campbell-based Renovo Motors, which has operated in “stealth mode” for four years, has just taken the wraps off its new electric supercar.

The Renovo Coupe is an electrified version of the classic Shelby American CSX9000. It sports a mid-mounted pair of sequential axial flux motors and a proprietary battery architecture that uses multiple battery enclosures to distribute the weight evenly around the car. With over 500 hp of power and 1,000 foot-pounds of torque, this bad boy can go 0-60 in 3.4 seconds on the way to a top speed of over 120 mph.

Other features include a DC fast-charging system that can refill the batteries in 30 minutes, and a drive selector that enables brake regeneration to be adjusted in real time.

“Renovo Motors sought to create an aspirational vehicle that demonstrates the performance, control, and excitement that is possible with EV technology,” said Renovo’s CEO Christopher Heiser. “We have poured our passion and innovation into the Coupe in an effort to deliver a truly amazing driving experience.”

Peter Brock, who designed the original 1964 Le Mans-winning CSX9000, was intimately involved in the development of the electric version. “This shape was nearly perfect 50 years ago, and physics doesn’t change much over time,” said Brock. “However, the redesigned car has a totally updated body, frame, suspension, and cabin; it’s a new chapter for this chassis. The finished product definitely carries the spirit of the original car strongly into the future.” 

The supercar prototype made its debut this week at the Pebble Beach Concours d’Elegance, and the company is now taking orders for delivery in 2015. According to Automotive News, the EV will sell for $529,000. However, if you have to ask…

Source: Renovo Motors, gigaom, Automotive News