Caparo Vehicle Technologies

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.

For other uses, see Caparo (disambiguation).

Caparo Vehicle Technologies
TypePrivate
IndustryAutomotive
Founded2004 as Freestream Cars Limited
FounderGraham Halstead
Ben Scott-Geddes
Defunct2019
HeadquartersLeamington Spa, United Kingdom
Key people
Graham Halstead
(Founder)
Ben Scott-Geddes
(Founder)
Angad Paul
(Chairman)
ProductsSupercars
Revenue£10.08m (2014) [1]
WebsiteCaparo V.T. Website
Caparo T1 at the 2006 British International Motor Show

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
Main article about the Caparo T1

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

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