Ohio State University, in cooperation with Monaco-based luxury carmaker Venturi, again established a new electric world land speed record in the VBB-3 prototype race car.

The sleek black and red rocket of a land speed racer with a drag coefficient of only .13, completed two runs on the 11-mile Bonneville Salt Flats course in Utah within a required hour, and posted an average speed of 341 miles per hour.

That speed beat the previous record of 307 mph set by the VBB-2.5 set in 2010.

The car also reached a top speed of 358 mph, breaking another record.

VBB-3 — its nickname for Venturi Buckeye Bullet — is the third land speed car to come from the university’s Center for Automotive Research (CAR) in Columbus, Ohio.

“It shows that our partnership between students and a manufacturer can bring a lot in this new automotive industry in terms of research and development,” said Venturi owner Gildo Pallanca Pasto on the company’s website.

It took the student team of mechanical engineers, speed junkies, and gearheads 18 months to build the latest VBB.

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A carbon fiber body wraps around a steel structure that weighs in at 7,700 pounds, including 3,500 pounds of eight lithium-ion batteries.

It has a pair of electric motors, each good for 1,500 horsepower (1,119 kilowatts), that power each axle and a two-speed gearbox.

While the team is enjoying the record, the quest is not over. The VBB-3 was designed to break the 400 mph barrier, so the team will not likely rest until they meet their goal.

The record still needs final certification from the world motorsports governing body, the FIA.