It looks very similar to something we have over here, the Grinnall Scorpion. It's been around for a few years now and I did hanker after one at one time.
This type of vehicle has been around for decades. Morgan produced this type of vehicle in the 1930s.
Here's a link to the Scorpion;
Scorpion III sports car
They can provide a BMW motorcycle engine up to 180bhp. Anything other than the dry would be a bit hairy.