This Lightning McQueen vinyl figure is released by Funko in their POP! Disney x Cars 3 vinyl figure series.

Funko POP! is a crossover vinyl figure series by Funko and other famous franchises such as Disney, Pixar, DC Comics, Marvel Comics, Simpsons, South Park, Uglydoll, etc. Each POP! figure is about ~3" to ~5" tall and crafted in a Japanese anime/manga super-deformed style (NOTE: due to the unique design of each character, the actual size of the figures may be smaller or bigger than stated).

The POP! Disney x Cars 3 series features characters from the Disney Pixar CG animation which is set in a world set in a world populated by anthropomorphic vehicles, and follows the adventure of a rookie racecar, Lightning McQueen and his friends. In Cars 3, after being trounced in many races by hightech racer Jackson Storm, many begin to wonder if the famous Lightning McQueen will retire from racing after he endures a terrible crash. To preserve his racing career, he seeks help from race technician Cruz Ramirez and some other friends to train and attempt a comeback in the Florida 500.