Caparo Vehicle Technologies
British vehicle technology company From Wikipedia, the free encyclopedia
Caparo Vehicle Technologies (CVT), formerly known as Freestream Cars Limited, was a British company that provided advanced technology development, materials engineering, and design services to and markets.[2] Caparo Vehicle Technologies went into administration in 2015, and was fully dissolved by 2019.
| |
| Company type | Private |
|---|---|
| Industry | Automotive |
| Founded | 2004 as Freestream Cars Limited |
| Founder | Graham Halstead Ben Scott-Geddes |
| Defunct | 2019 |
| Headquarters | Leamington Spa, United Kingdom |
Key people | Graham Halstead (Founder) Ben Scott-Geddes (Founder) Angad Paul (Chairman) |
| Products | Supercars |
| Revenue | £10.08m (2014) [1] |
| Website | Caparo V.T. Website |
History
Caparo Vehicle Technologies was originally founded in 2004 as Freestream Cars Limited by Graham Halstead and Ben Scott-Geddes who had both worked on the McLaren F1 project.[3] In February 2006, Freestream announced a concept car, the Freestream T1.[4][5] In March 2006, the company was acquired by Caparo. The deal was put together by future Commercial Director, Sean Butcher.[6][7] After the acquisition, Caparo CEO Angad Paul became chairman.[8]
Vehicles
Caparo Vehicle Technologies produced one vehicle, the Caparo T1. The T1 is a two-seat, rear wheel drive automobile inspired by Formula 1 racecars.[9][10] The company sold the racecar for $300,000,[11] and had confirmed purchases for 15 cars by 2012.[12]
Administration and closure
The company entered administration in 2015 just days after the death of Caparo CEO, Angad Paul.[13][14][15] The company was liquidated and fully dissolved by 2019.[16]
See also
References
External links
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