Caterham has confirmed that it will unveil the first working prototype of Project V at the upcoming Tokyo Auto Salon on the 9th of January 2026. The Project V, built in partnership with Italdesign, was initially announced back in September 2022, and has since undergone multiple updates. The most significant announcement came in October of
Caterham has confirmed that it will unveil the first working prototype of Project V at the upcoming Tokyo Auto Salon on the 9th of January 2026.
The Project V, built in partnership with Italdesign, was initially announced back in September 2022, and has since undergone multiple updates.
The most significant announcement came in October of 2024 when Caterham announced Yamaha as a development partner, providing e-axel technology which will be built by Tokyo R&D.
Now the company will move on to evaluating Yamaha’s rear-mounted electric motor, as well as the performance of the battery, safety and the durability of the car’s chassis.
Caterham CEO Kazuho Takahashi said this next step will enable the company to complete a comprehensive vehicle testing programme.
Takahasi is also the president and founder of Japanese firm VT Holdings, which acquired Caterham in 2021.
The Project V was first shown to the media and public at the 2023 Goodwood Festival of Speed and back then the company said it will be launched in 2026.
But with a price tag of about £80,000 (about RM441,000 before taxes), an output of 268hp and a range of 400km, it remains to be seen how the company will be received by the market. Particularly now since the market for electric performance cars has slowed down.
As for performance, the Project V will accelerate to 100kmh in under 4.5 seconds and top out at 230km/h.
