One of the great things about being a gearhead in the UK is the Individual Vehicle Approval (IVA) process. In short,

the IVA (formerly the Single Vehicle Type approval) is a set of rules that allows one-offs and very low volume vehicles to be approved if they meet only the most basic requirements of a road car. If it's equipped with head- and taillights, turn signals, seat belts and doesn't spew too much smoke or have any other obvious issues, you can get it registered. Lotus uses IVA to make UK street versions of its 2-Eleven track car and that's how Reynard Racing Cars will now sell the Inverter – a race car barely adapted for the street – to liven up your daily commute.

Power is currently available from either a 1,000-cc Honda Fireblade or 1,340-cc Suzuki Hayabusa inline-four, but a variant powered by a 2.0-liter Ford Duratec is under development. With the road version weighing a mere 981 pounds, the 180 horsepower Fireblade should provide plenty of performance. The Inverter starts at £35,000 for a turn-key unit (that's around $56,000 USD including Britain's Value Added Tax) or you can get a rolling chassis and body starting at £14,900 (in the neighborhood of $24k). Check out video and specs after the jump.