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 typePrivate
IndustryAutomotive
Founded2004 as Freestream Cars Limited
FounderGraham Halstead
Ben Scott-Geddes
Quick facts Company type, Industry ...
Caparo Vehicle Technologies
Company typePrivate
IndustryAutomotive
Founded2004 as Freestream Cars Limited
FounderGraham Halstead
Ben Scott-Geddes
Defunct2019
HeadquartersLeamington Spa, United Kingdom
Key people
Graham Halstead
(Founder)
Ben Scott-Geddes
(Founder)
Sean Butcher
(Marketing)
Angad Paul
(Chairman)
ProductsSupercars
Revenue£10.08m (2014) [1]
Close
Caparo T1 at the 2006 British International Motor Show

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

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