This is a pretty great idea. And they have decided to name it after the ornery little f%#ker, the badger.
The Badger Project is a group of enthusiast vintage bike builders put together a cafe racer, both street legal AND race worthy, and ride it to the Mid-Ohio vintage bike weekend. There they will race the bike, and then ride it home again. Attempting to do this build on a meager budget, and make still sure that sure that it meets the standards necessary for both street and race track riding.
The build will start with a Royal Enfield, originally built in India, and tweaked by Leon Stanley, who runs Cycle Icons, a vintage and specialty bike shop in Trenton, New Jersey. Check out their Kickstarter Page, where you can watch their video, and help make this project a reality.