Right now, the fastest car in the world is the Bugatti Veyron Super Sport. With 1,200 horsepower and a top speed of 267 miles per hour (429.694 kph), it can blow the doors off of anything on the road.

But American company TranStar Racing is looking to unseat the Veyron in a big way with the Dagger GT, according to Business Insider.

Let's take a closer look at a car that is set to become the world's fastest.

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Here are some unbelievable numbers:

Up to 3,000 horsepower, 0-60 in one second, and 250 mph (402.33 kph) in 1/4 mile (0.402 km) in the drag version.

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A record laptime of less than 6:44 at the Nurburgring in the race model.

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A top speed of 315 mph (506.943 kph) in the land speed model. There are even people saying it could even hit 350 mph (563.270 kph).

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There are a range of configurations planned for the car. Two street models will be offered, one called the sport and another, posher version called the luxury.

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TranStar has a number of industry veterans and experts working on the project.

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If and when it goes on sale, pricing is expected be in the $750,000 range.

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