Wednesday, 2 October 2024 — Caterham, the iconic British sports car manufacturer known for its dedication to lightweight, thrilling driving experiences, has announced a pivotal collaboration with Yamaha Motor, a renowned Japanese mobility manufacturer, for its highly anticipated electric sports coupe, Project V. Yamaha will be supplying its state-of-the-art e-axle technology to power the prototype model, marking a significant step forward in the development of Caterham’s first-ever fully electric vehicle.
This announcement comes a year after the Project V concept was initially unveiled at the prestigious Goodwood Festival of Speed, with further excitement generated by its appearance at the Tokyo Auto Salon. The collaboration with Yamaha brings fresh momentum to the project as Caterham prepares to transition from concept to commercial production.
A New Chapter for Caterham: The Electric Revolution
Staying true to Caterham’s DNA of producing lightweight, nimble, and exhilarating cars, Project V promises to uphold the brand’s hallmark characteristics, now powered by a cutting-edge electric powertrain. Yamaha’s e-axle will play a central role in delivering the performance and agility enthusiasts have come to expect from the brand, while also aligning with the growing demand for electrification in the automotive industry. The e-axle, a compact and highly efficient electric motor system, will ensure that Project V not only meets the stringent expectations of Caterham’s loyal fanbase but also competes at the forefront of modern electric sports cars.
Expert Collaboration with TOKYO R&D
The technical development of Project V is being spearheaded by TOKYO R&D, a specialist engineering firm with a proven track record of developing prototype and production vehicles for major original equipment manufacturers (OEMs). With their expertise, the prototype is scheduled to be completed by mid-2025, setting the stage for commercial production soon after. This partnership ensures that the vision for Project V is executed with precision and innovation, marrying Caterham’s design ethos with cutting-edge technology.

The Future of Caterham Under VT Holdings
As part of the VT Holdings umbrella, based in Nagoya, Japan, Caterham is navigating a new era of performance underpinned by technological advancements and international collaboration. The partnership with Yamaha Motor is not only a testament to the brand’s commitment to electrification but also signals an exciting future where Caterham remains relevant in a rapidly evolving automotive landscape.
Bringing Project V to Market
The collaboration with Yamaha is set to accelerate Project V’s timeline to market, giving Caterham a competitive edge in the electric sports car segment. With Yamaha’s contributions to vehicle motion control and the delivery of a lightweight yet powerful e-axle, Project V is poised to be a game-changer for both the brand and the electric sports car market at large.
As the world eagerly awaits the next chapter of Caterham’s storied history, Project V stands as a beacon of what’s to come—blending the brand’s legacy of simple, fun-to-drive machines with the future of electrified performance.
Caterham’s partnership with Yamaha Motor is a bold and strategic move in its journey toward electrification. Project V promises to deliver an authentic Caterham driving experience, now powered by innovative electric technology, while remaining true to the brand’s ethos of lightweight simplicity. With development in full swing, enthusiasts can look forward to a new era of Caterham, where the thrill of driving meets the future of mobility.


















