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Proposed design for the Aston Martin RapidE

After unveiling plans for an electronic car back in 2015, luxury sports car manufacturer Aston Martin has confirmed the production of its first all-electric supercar RapidE in 2019. The exclusive vehicle will be on a limited production run of 155 cars, and priced above its V12 Rapide.

Originally targeted to begin production in 2018, this announcement comes after the departure of investment partner LeEco, who have backed out from the project due to financial troubles. As a result, Aston Martin will operate and fund the project independently hereon.

(Related: There Are Only 10 Units Of This Aston Martin Car)

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The British supercar-maker has confirmed that Williams Advanced Engineering—the tech division of the Williams Formula 1 team—will take on the role of lead engineering partner, which was involved in the original RapidE prototype in 2015. It is also responsible for the design and assembly of battery systems for competing cars in the FIA Formula E Championship.

The RapidE will be based off the four-door aesthetics and dynamics of Rapide S, powered by an all-electric powertrain to replace the six-litre V12 engine. This will spearhead Aston Martin’s low and zero-emission vehicle strategy, as part of the company’s Second Century Plan.

(Related: Aston Martin Lagonda’s Marek Reichman Is A Funny Fellow)

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Dr Andy Palmer, president and CEO of Aston Martin says: “RapidE represents a sustainable future in which Aston Martin’s values of seductive style and supreme performance don’t merely coexist alongside a new zero-emission powertrain, but are enhanced by it…RapidE will showcase Aston Martin’s vision, desire and capability to successfully embrace radical change, delivering a new breed of car that stays true to our ethos and delights our customers.”

Tags: Aston Martin, supercar, james bond, formula 1, FIA Formula E Championship, electric car, RapidE, Williams Advanced Engineering, Rapide S, V12 Rapide, LeEco