Caparo has shown how close you can get to the reality of driving a road-legal F1 car with its T1, and now New Zealand’s Hulme has revealed that development of its equally extreme Can Am Supercar has been completed. Hulme’s race car built for the road made its first public shake down test over the weekend at the Taupo stage of the A1GP in New Zealand and will soon be ready for sale at approximately $400,000.

We first saw the Hulme Can Am Supercar back in 2006 when it was still in the prototype stage. The company that builds the car gets its name from the Kiwi that won the 1967 F1 championship, Denny Hulme, and fittingly its first model has been nicknamed the ‘Bear 1’ – the same nickname of legendary New Zealand racer.

The car is powered by 7.0L LS7 V8 engine and is capable of accelerating from 0-100km/h in less than three seconds and reaching a top speed of 320km/h, reports the Waikato Times. The engine is mid-mounted and sends drive to the rear wheels via a Quaife six-speed manual gearbox. The braking system is from A.P. racing while Germany’s Bosch has designed the safety aids. Unlike an F1 car, this one will be able to seat two people with seats developed by Recaro. The final kerb weight has been measured at 1,200kg.

Hulme is looking to sell the car mostly in the Middle-East but plans to organize promotional events in both the United States and Europe next year. Production details are yet to be revealed as the car still has to undergo final testing.Hulme V8 Can Am Supercar prototype