No, the Aston Martin soapbox racer is not another pricey go-kart for kids. It's a one-off created by the British luxury car company for the Red Bull Soapbox Race held at Alexandra Palace in London. The car is based off of the Aston Martin V8 Vantage GTE. At first it may seem strange or silly that a car company went to the trouble to build a soapbox racer, especially one that specializes in high-powered luxury autos.
But Red Bull and Aston Martin have a long history of working together. The two have collaborated on an F1 racing team. They are also working together to build a road-legal hypercar inspired by F1 racers. The Aston Martin soapbox racer is just the latest in a long line of collaborations between the two companies.