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

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.

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.

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.