Just thinking about it, Serpent might be doing some clever work on the timing on the background. They've given themselves a good amount of time to get the bugs out and improve/mod the chassis. I don't know what team drivers they have, but if they can drive themselves in the picture and release a rear motor and simultaneously or shortly after a mid motor, they've really done their homework!
To be honest I'm not expecting anything crazy, but a solid car, price and decent result from team drivers is enough to establish your brand in the scene
I will be watching their progress!