While the Rich Kids of Instagram might already have their pre-orders in, there’s still a chance for those who just happen to win the lottery jackpot this week. What are we talking about? The sleek and stylish Koenigsegg One:1 hypercar of course. It received this name because the vehicle produces one horsepower for every kilogram of weight. Koenigsegg calls it the world’s first production ‘Megawatt’ car, because of its 1,000-kilowatt power rating. For auto enthusiasts in the US, it translates to around 1,340 horsepower at 1,340 kilograms (2,954 pounds). These insane specs were achieved with a 20 percent lighter chassis and body compared to the Koenigsegg Agera, made using advanced carbon fiber. Continue reading for a video, more pictures and additional information.

Photo credit: GF Williams Photography

This is what one lucky Jalopnik editor who got to see the car in-person has to say, “Before I went to see Koenigsegg myself, I was a skeptic. I thought of them as a kit car company that wouldn’t really be able to build something that competes with the big guys. I was more wrong than I’ve ever been. This is a real automaker, and if the One:1 is as powerful and fast as they say, then it’ll also be one of the most disruptive the hyper competitive super car market has ever seen.”

Bonus Video – Koenigsegg Documentary

The company was founded in 1994 in Sweden by Christian von Koenigsegg, with the intention of producing a world-class supercar. Many years of development and prototyping led to the company’s first street-legal production car delivery in 2002. Koenigsegg Automotive AB is a non-listed free traded Swedish Public Company. The Company has around 90 shareholders. As the company is free trading the number of shareholders can vary. Christian von Koenigsegg is the CEO and a major shareholder.