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