For decades, Caterham has been synonymous with raw driving pleasure, stripped-down engineering, and the timeless appeal of the Seven. But as the automotive world pivots toward electrification, even the most traditional brands must evolve. Caterham’s answer is bold and exciting: the Project V, its first fully electric sports coupé, set to make its world debut at the Tokyo Auto Salon in January 2026.
A Historic Moment for Caterham
Caterham’s DNA has always revolved around lightweight construction and driver-focused performance. The Seven, with its minimalist design, remains a cult classic. Yet, the Project V signals a new chapter—one where Caterham blends its heritage with cutting-edge EV technology.
The unveiling of a fully functional prototype at the Tokyo Auto Salon is more than just a product launch. It represents Caterham’s transition from design study to engineering reality, proving that the brand is serious about entering the battery-electric performance segment.
Technical Innovations: Beyond the Seven
The Project V is not just another EV—it’s a showcase of advanced engineering partnerships. Caterham has teamed up with XING Mobility to integrate immersion-cooled battery technology. This system, known as IMMERSIO™ Cell-to-Pack (CTP), immerses battery cells in a dielectric liquid, offering:
- Unmatched thermal stability
- Exceptional energy density
- Rapid and uniform heat dissipation
- Enhanced safety and performance
This technology ensures that the Project V can deliver consistent performance without overheating, a crucial factor for sports cars that thrive on track days and spirited driving.
Adding to the excitement, Caterham has partnered with Yamaha for the EV powertrain, promising a blend of Japanese engineering precision with British driving passion.
Design Philosophy: Lightweight Electrification
One of the biggest challenges for EV sports cars is weight. Batteries are heavy, and Caterham’s philosophy has always been about keeping cars light and agile. The Project V addresses this by focusing on lightweight construction techniques and clever packaging.
While details on exact weight figures are yet to be confirmed, Caterham insists that Project V will stay true to its ethos: delivering a pure, engaging driving experience rather than chasing headline-grabbing horsepower numbers.
Market Positioning
The Project V is expected to enter production in 2026, targeting enthusiasts who want an electric sports car that doesn’t compromise on fun. Unlike mainstream EVs that emphasize practicality, Caterham’s offering is unapologetically niche—designed for those who value driver involvement, agility, and heritage.
By positioning Project V as a lightweight alternative to heavier EV sports cars, Caterham could carve out a unique space in the market. It’s not trying to compete directly with Tesla or Porsche; instead, it’s offering something different: a purist’s EV sports car.
Risks and Challenges
Of course, Caterham faces challenges:
- Infrastructure: EV adoption depends on charging networks, which vary globally.
- Brand perception: Caterham is known for petrol-powered Sevens; convincing purists to embrace electric may take time.
- Competition: Established EV sports cars from Porsche, Lotus, and Tesla already dominate headlines.
Yet, Caterham’s niche appeal could work in its favor. Enthusiasts who trust the brand’s commitment to lightweight fun may see Project V as the natural evolution of the Seven.
Conclusion
The Caterham Project V is more than just a car—it’s a statement. By embracing electrification while staying true to its lightweight ethos, Caterham is proving that the future of driving fun doesn’t have to be sacrificed in the EV era.
As the prototype prepares for its debut at the Tokyo Auto Salon in January 2026, anticipation is high. For fans of Caterham, this is a chance to witness history: the moment when a brand rooted in tradition takes a bold leap into the future.
With immersion-cooled batteries, Yamaha-powered performance, and Caterham’s legendary focus on driver engagement, Project V could redefine what an electric sports car means. It’s not just about speed—it’s about soul.
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