 | |
| Company type | Private |
|---|---|
| Industry | Automotive |
| Founded | 2004as 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] |
Caparo Vehicle Technologies (CVT), formerly known asFreestream 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.
Caparo Vehicle Technologies was originally founded in 2004 as Freestream Cars Limited by Graham Halstead and Ben Scott-Geddes who had both worked on theMcLaren F1 project.[3] In February 2006, Freestream announced a concept car, the Freestream T1.[4][5] In March 2006, the company was acquired byCaparo. The deal was put together by future Commercial Director, Sean Butcher.[6][7] After the acquisition, Caparo CEOAngad Paul became chairman.[8]
Caparo Vehicle Technologies produced one vehicle, the Caparo T1. The T1 is a two-seat, rear wheel driveautomobile inspired byFormula 1 racecars.[9][10] The company sold the racecar for $300,000,[11] and had confirmed purchases for 15 cars by 2012.[12]
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]
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