BRITISH sports car company Caterham has revealed a fully electric coupe concept car that could be in production by the end of 2025.

Project V is the creation of its new chief designer, Anthony Jannarelly and has been brought to life by Italian engineering firm, Italdesign.

The car has a battery electric powertrain, powered by a 272ps single motor mounted in the rear axle and a lithium-ion battery pack with advanced thermal management.

With acceleration of 0-62mph in less than 4.5 seconds, Project V has an estimated top speed of 143mph and a target range of 249 miles. Recharging to 80 per cent should be capable in 15 minutes from a rapid charger.

Jannarelly said: "A Caterham Seven's design is simple and minimalist, it's designed for its intended function, to be lightweight and fun to drive. With Project V, we're applying this philosophy to the sports coupé architecture to create a seducing and timeless silhouette."

The Project V car has a 2+1 seating layout - 2+2 as optional - which optimises getting in and out, provides more comfort for the rear seat passenger and offers greater flexibility.

At the centre of the interior is a driver-focussed infotainment system featuring smartphone mirroring, and a digital instrument cluster is used to display key information. Drivers can choose betweenNormal, SportandSprintdriving modes that adjust the acceleration and steering for different environments.

Bob Laishley, chief executive of Caterham Cars and chief operating office of the newly established Caterham EVo, said: "Project V is not just a concept or design study, we've conducted engineering and production feasibility throughout the development process.

"An electric Caterham of any shape and size has to stay true to what sets us apart from everyone else: being lightweight, simple and offering an unparalleled driving experience; that's our DNA."

He added: "Project V fulfils our ambition to sustainably grow the company and explore electrification simultaneously. Subject to the next phases of development and technical capability, Project V could be brought to market towards the end of 2025 or early 2026 with a target price starting from less than £80,000."