Caparo Vehicle Technologies Explained

Caparo Vehicle Technologies
Type:Private
Foundation:2004
Founder:Graham Halstead
Ben Scott-Geddes
Defunct:2019
Location:Leamington Spa, United Kingdom
Key People:Graham Halstead

Ben Scott-Geddes

Angad Paul

Industry:Automotive
Products:Supercars
Revenue:£10.08m (2014) [1]
Homepage:Caparo V.T. Website

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.

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

External links

Notes and References

  1. Web site: Caparo Vehicle Technologies Accounts 2014. HMRC Companies House. 13 May 2022.
  2. Web site: Caparo Vehicle Technologies . 2007-11-24 .
  3. Web site: FREESTREAM CARS LIMITED. Global Database. 17 May 2022.
  4. Web site: Freestream T1. Car Body Design. 7 February 2006. 17 May 2022.
  5. Web site: Freestream T1 news - Brits build F1-style supercar. Top Gear. 7 February 2006. 17 May 2022.
  6. Web site: UK Caparo creates advanced vehicle technology group. Just Auto. 15 March 2006. 17 May 2022.
  7. News: Caparo Freestream T1 – The Street Legal F1 Car. Luxurylaunches. Luxury Launches. 23 May 2006. 17 May 2022. Shah. Dhiram.
  8. Web site: Caparo buys Freestream T1 consultancy. Test Driven. 13 March 2006. 17 May 2022.
  9. Web site: Howstuffworks "How the Caparo T1 Works" . 2007-06-10 . Ed . Grabianowski . 17 April 2007 . Howstuffworks .
  10. Green . Simon . January 2008 . Caparo T1 . Motor . 32–34.
  11. Brown . Joe . October 2006 . Go, Street Racer, Go . Popular Science . 269 . 4 . 21.
  12. Web site: CEO of Caparo T1 Project Found Dead in Suspected Suicide. Road & Track. 16 November 2015. 17 May 2022.
  13. Web site: caparo parent company enters administration chairman dies in apparent suicide. Motor Authority. 11 November 2015. 17 May 2022.
  14. Web site: Angad Paul: Steel company boss jumped to death from penthouse balcony 'after becoming depressed over firm's collapse'. The Independent. 28 April 2016. 17 May 2022.
  15. Web site: Caparo Vehicle Technologies Limited in Administration. PWC. 17 May 2022.
  16. Web site: Caparo Vehicle Technologies Limited Filing History. Companies House. 17 May 2022.

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