Venturi will attempt to break the current electric land speed record in 2014.
The niche electric vehicle manufacturer already holds the current record, set at 307.666mph in August 2010 with Buckeye Bullet 2.5. It will attempt to break this record with what it claims is the most powerful electric car ever produced. The Venturu VBB-3 develops 2916bhp in total.
Venturi claims the car will exceed 372.822mph, which would not only beat the current electric vehicle land speed record, but also the diesel-powered record, set by the JCB DieselMax in 2006 at 350.452mph.
The record attempt was originally planned to take place over the past few days, but due to poor weather conditions at the Bonneville test site the attempt has been postponed until next year.
Prince Albert II of Monaco has been among the patrons to lend their support to the project.
Setting a target of 2014 places Venturi almost a full year ahead of other record attempts, most significantly that of the Bluebird team - which aims to crack the same record with an attempt in 2015/16.