Lotus is working on an all-electric hypercar and according CEO Phil Popham, it will be extraordinary. The British car manufacturer announced the Type 130 roughly one month ago after weeks of speculation that it was teaming up with Williams to develop such a vehicle.

One thing which has long defined all Lotus road cars ever since the company’s creation 1952 by Colin Chapman is their extraordinarily minimal overall weight. Building a hypercar laden with heavy battery packs may seem at odds with the Lotus philosophy and even Popham admits that compromises need to be made.

While technical specifications about the car remain a closely guarded secret, Lotus says the Type 130 name is very special as numerous important vehicles in the brand’s history have used the ‘Type’ prefix. These include the Type 14 and the Type 72, the company’s most successful Formula 1 car. The Lotus Type 130 will be unveiled in full in the middle of the year.