All-Electric Project V Is Caterham's First New Car Ever: 268 HP, 2623 Pounds

Shown here in concept form just ahead of this weekend's Goodwood Festival of Speed, the Project V is both a strong departure and a close companion to the lightweight, simplistic Seven roadster. Caterham is targeting a curb weight of 2623 pounds—lighter than awith production set to begin in 2025. That's thanks to a carbon fiber monocoque with aluminum frame extensions on either end.

The Project V's power comes from a 55-kWh lithium-ion battery pack connected to a singular 268-hp mounted at the rear axle. Caterham claims a 0-62 mph time of under 4.5 seconds, a top speed of 143 mph, and a maximum range of 249 miles on Europe's WLTP cycle.There's double-wishbone suspension front and rear with fully adjustable geometry, along with electrically assisted power steering, brake discs all around, and staggered 19- and 20-inch wheels with Michelin Pilot Sport 4S tires.

The Project V, built for Caterham by Italdesign, looks unlike any Caterham we've seen before, streamlined and modern. But chief designer“A Caterham Seven’s design is simple and minimalist, it’s designed for its intended function, to be lightweight and fun to drive," Jannarelly said in a statement. "With Project V, we’re applying this philosophy to the sports coupé architecture to create a seducing and timeless silhouette.

The Project V is targeted to go on sale by the end of 2025 or the beginning of 2026 with a starting price of less than £80,000 . It's unclear at this time whether it'll be officially homologated for U.S. roads, or be imported as a kit car like the Seven. And for those who don't subscribe to the all-electric future, don't worry, the Seven isn't going away any time soon.

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