Yamaha Motor to Collaborate with British Company Caterham on the Development of New Electric Sports Coupe - Developing and supplying an e-axle exclusively for prototype vehicles -
October 2, 2024
IWATA, October 2, 2024 - Yamaha Motor Co., Ltd. (Tokyo:7272) announced today its partnership in the development of a new electric sports coupe, referred to as 'Project V,' being led by Caterham EVo Limited, a UK-based subsidiary of VT Holdings Co., Ltd. (headquartered in Nagoya, Aichi Prefecture). The collaboration aims to advance the project toward mass production and commercialization.
Project V is a development project for an electric sports coupe that inherits Caterham's DNA, which prioritizes driving pleasure with the principles of light-weight, simple and fun-to-drive. Caterham initially unveiled the concept car for Project V at the Goodwood Festival of Speed in the UK in July 2023 and later at the Tokyo Auto Salon in January 2024. Currently, in collaboration with Tokyo R&D Co., Ltd. (headquartered in Chiyoda, Tokyo, hereafter referred to as Tokyo R&D), they are progressing with the development and production of a prototype vehicle, targeting completion around mid-2025, with a view toward mass production and commercialization.
Yamaha Motor is independently developing the e-axle, a key component of the electric powertrain, and will supply its trial model for the prototype. In terms of vehicle motion control, we will also provide the technologies and expertise, aiming to realize "Caterham Powered by Yamaha Motor."
Yamaha Motor has set a companywide environmental goal to achieve carbon neutrality in Scope 3* emissions by 2050. We are engaged in the development of advanced small and lightweight electric powertrains, which is the company's strength, and in March 2024, we announced the entry into the Formula E World Championship.
To create a more sustainable world, Yamaha Motor will continue promoting the research and development of technologies that contribute to sustainability.
*Emissions produced from Yamaha's value chain, e.g., use of sold products.
Project V is a development project for an electric sports coupe that inherits Caterham's DNA, which prioritizes driving pleasure with the principles of light-weight, simple and fun-to-drive. Caterham initially unveiled the concept car for Project V at the Goodwood Festival of Speed in the UK in July 2023 and later at the Tokyo Auto Salon in January 2024. Currently, in collaboration with Tokyo R&D Co., Ltd. (headquartered in Chiyoda, Tokyo, hereafter referred to as Tokyo R&D), they are progressing with the development and production of a prototype vehicle, targeting completion around mid-2025, with a view toward mass production and commercialization.
Yamaha Motor is independently developing the e-axle, a key component of the electric powertrain, and will supply its trial model for the prototype. In terms of vehicle motion control, we will also provide the technologies and expertise, aiming to realize "Caterham Powered by Yamaha Motor."
Yamaha Motor has set a companywide environmental goal to achieve carbon neutrality in Scope 3* emissions by 2050. We are engaged in the development of advanced small and lightweight electric powertrains, which is the company's strength, and in March 2024, we announced the entry into the Formula E World Championship.
To create a more sustainable world, Yamaha Motor will continue promoting the research and development of technologies that contribute to sustainability.
*Emissions produced from Yamaha's value chain, e.g., use of sold products.
Caterham logo
Image of the Project V concept vehicle
