The Ultimate Fighting Championships recently held the largest event in its history in Toronto and the folks at Tapout decided to use the occasion to unveil a 2011 Yamaha R1 project bike.

The bike was designed Toronto’s Flat Out Industries. As you may expect, it prominently features Tapout logos all over the bike, including on the wheels, along with a pretty sweet red, black and white color scheme. Check out more photos below the jump.

If you didn’t have a chance to see the bike in Toronto, it will also travel to UFC 131 in Vancouver this June.