Caterham Project V Concept Is A 268 HP All-Electric Sports Car

Caterham Project V Concept Is A 268 HP All-Electric Sports Car

British sports car company Caterham has never introduced a new car in its 50 years of existence. His only car, to date, was the Saba, a design derived from Lotus half a century ago. That all changes with Project V, an electric hybrid that promises to bring Caterham into the future.

Shown here in concept form just ahead of this weekend’s Goodwood Festival of Speed, the Project V is a departure and a close companion to the light and easy road Seven. Caterham is targeting a curb weight of 2623 pounds—lighter than the Toyota GR86—and production is expected to begin in 2025. That’s thanks to a carbon fiber monocoque with aluminum frame extensions on both sides.

Power for the Project V comes from a 55-kWh lithium-ion battery pack connected to a 268-hp unit mounted on 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 the European WLTP cycle.

There’s double-wishbone suspension front and rear with fully adjustable geometry, along with electric power steering, disc brakes on all sides, and 19- and 20-inch wheels shod with Michelin Pilot Sport 4S tires. The three driving modes, Normal, Sport and Sprint, control acceleration and steering inputs based on the vehicle’s environment.

Project V, designed for Caterham by Italdesign, looks unlike any Caterham we’ve seen before, streamlined and modern. But chief designer Anthony Jannarelly says it hasn’t deviated from the company’s core philosophy.

“The design of the Caterham Seven is simple and compact, designed for its intended performance, to be light and fun to drive,” Jannarelly said in a statement. “For Project V, we apply this philosophy to the design of the sports coupé to create an attractive and timeless silhouette. Every element has to defend itself from a weight point of view to maintain lightness and improve driver engagement.


caterham v concept project


Inside there’s a real cockpit—another first for the Caterham brand—that keeps things simple, with two gauge pods for the driver and a central touchscreen display with a few physical controls underneath. The seating arrangement is a fun 2+1 design, with two standard front row seats and a single, centrally placed seat in the back. Buyers can opt for a 2+2 layout as well, but we think the three-seater layout is cooler.

Project V is targeted to go on sale in late 2025 or early 2026 with a starting price of less than £80,000 (around $103,000). It is not known at this time if it will be officially scheduled for US roads, or if it will be ordered as a kit car like the Seven. And for those who haven’t signed up for the electric future, don’t worry, Saba isn’t going away anytime soon.

“Project V is not a replacement for Seven, it compliments it, and we believe that by maintaining Caterham’s core values, it will appeal to our existing customers and attract new fans to the brand,” CEO Bob Laishley said in a statement.

Header photo by Brian Silvestro

Brian Silvestro was Hearst Autos’ deputy editor-in-chief for ratings content. He spent more than seven years as a staff writer for Road & Track Magazine where he contributed car reviews, industry interviews, and more. He has a taste for high-mileage, rust-free projects and amateur endurance racing.