If you’re wondering whether Caterham’s journey into EV territory started with the electric Seven, you’d be sort of right—if you count a heavily modified gas guzzler on an e-diet. But Project V? Now that’s a fully-fledged electric sports coupe from the get-go. No training wheels, just electrons, and ambition. First revealed in 2023, this slick machine hit the spotlight again at the Tokyo Auto Salon 2025, packing some serious new tech from Taiwan’s XING Mobility.
So what’s the big deal, you asked? Well, it’s the batter. It uses XING’s IMMERSIO CTP (cell-to-pack) battery system, which uses immersion cooling to keep things cool when you’re pretending you’re on a racetrack (or just stuck in Tokyo traffic). This cutting-edge tech isn’t just a gimmick; it’s about better performance, weight distribution, and making sure your high-speed joyride doesn’t turn into a meltdown.
Caterham’s purist design philosophy stays intact—lightweight, simple, and fast. Thanks to XING’s clever battery architecture, Project V sheds unnecessary weight by ditching traditional modules, enhancing vehicle dynamics and efficiency. Think better handling, improved stability, and the ability to actually enjoy those twisty roads.
Despite its high-tech heart, Caterham hasn’t ditched its sporty soul. From the compact design to the streamlined chassis, everything screams “go fast, responsibly.” And with XING Mobility’s thermal management magic, Project V isn’t just a pretty face; it’s a sign of what electric sports cars can be—efficient, safe, and exhilarating.
Oh, in case you haven’t already noticed. With the new EV, Caterham has broken its design tradition of open-wheel roadster. Perhaps not all fans will be pleased but it is what they are going with now to keep the business going. Speaking of business, Caterham is no longer British-owned. Since 2021, it has been owned by Japanese automotive group VT Holdings.
Images: Caterham Cars.
