Latest in Tomorrow

Image credit:

Supersonic car project needs $33 million to avoid bankruptcy

Project Bloodhound wants to break the world landspeed record.
Swapna Krishna, @skrishna
October 15, 2018
Share
Tweet
Share

Sponsored Links

Nick Summers / Engadget

Project Bloodhound, which is the quest to develop a supersonic vehicle that can break the world record for land speed, has hit a snag. The company behind the project, Bloodhound Programme Ltd., has run out of money and entered administration. In order to continue work on the project, the company needs a cash infusion of about £25 million.

The project is being conducted at a track in the dry lakebed of Hakskeen Pan in South Africa. The company has already constructed a vehicle and conducted low speed, 200 mph tests. The goal is to break the current world record of 763 mph and eventually reach 1,000 mph. They are planning on accomplishing this by strapping a EJ300 jet engine to a land vehicle. R&D is complete, but Bloodhound Programme Ltd. is now out of money.

According to the chief engineer of Project Bloodhound, Mark Chapman, the company is close to its goal. "This project is built around the most successful team in the history of Land Speed Racing, and with the right support we have no doubt that the project will achieve its aims and could be racing for the record in as little as ten months," he said in a release.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Netflix delivers 'studio-quality' sound upgrade for Android viewers

Netflix delivers 'studio-quality' sound upgrade for Android viewers

View
Google mobile search redesign focuses on results, not frills

Google mobile search redesign focuses on results, not frills

View
Sony may resurrect the Xperia Compact line for small phone fans

Sony may resurrect the Xperia Compact line for small phone fans

View
Facebook inexplicably logs out iPhone users

Facebook inexplicably logs out iPhone users

View
Apple warns against putting an iPhone 12 too close to your pacemaker | Engadget

Apple warns against putting an iPhone 12 too close to your pacemaker | Engadget

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr