Riley Technologies is a leading race car constructor and supplier of vehicles for many professional teams as well as track day enthusiasts. The company specializes in the design and manufacture of complete race cars, as well as prototype development for racing and manufacturing applications, and is the number one constructor of the Daytona Prototype chassis for the Rolex Grand-Am series.

This month will see a total of 20 cars compete at the 47th annual 24 Hours of Daytona race, and of these more than a dozen will be based on a Riley design. It doesn’t end there as Riley is also working on a new racing version of the 2010 Chevrolet Camaro for the Koni Sports Car Challenge series.

The company has now announced plans for a new race car powered by a 500hp (373kW) GM crate engine that it plans to sell to both professional racers and enthusiasts. The car is the MkXXII Track Day Car (TDC) and its starting price is a substantial $185,000.

"This is a totally different design but is as race-worthy and safe as our Daytona Prototype," Riley general manager Ron McMahon told The Detroit News. "The big difference is that we tried to take cost out of the car where possible."

Some of the ways Riley engineers reduced costs included using cheaper off-the-shelf suspension components and engines sourced from GM instead of hand-built exotic powertrains. Some of the options available to customers include paddle shifters, traction control and even air conditioning.

Riley is currently receiving orders from North America, Europe, and the Middle East, and hopes to start a new race series for the MkXXII TDC if it sells enough examples.