It's being developed by United Front Games -- the same people behind Modnation Racers.
As someone who spent 300ish hours playing Modnation Racers, you can bet that I'm pretty excited. From the gameplay that's shown, it looks to be somewhat similar to MNR racing mechanic wise. Hopefully, United Front has learned a lot of lessons from MNR. The netcode and kart handing should be a priority. I thought the kart handling in MNR was great and while it took some getting used to, it rewarded skill. But it was a sore point for many who for many who tried it, didn't master it in an hour and later gave up. UFG needs to do something about that.