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| Bloodhound LSR sells for $ 11 million |
The LSR "Hound" missile vehicle project announced that it is looking for a new owner to lead the team and set a new world speed record in 2022.
Bloodhound LSR Ultrasonic Rocket Vehicle is engineered to set a new world speed record.
In 2019, the automotive team tested the latest in linear racing cars in South Africa.
The car only used a Rolls-Royce EJ200 engine to reach the test plan target of 800 km / h.
It has a top speed of 1,011 kilometers per hour to verify the accuracy of the computer modeling used in the design of the car and to demonstrate its record-breaking ability.
The team now needs to install the Nammo disposable missiles so that the car's top speed exceeds 1,287 kilometers per hour.
Based on the cost of the test plan to date, the cost to complete and transport the missile to South Africa is 1,287 kilometers per hour at a cost of $ 11 million.
With global follow-up and intense media coverage, including the documentary "Building the Fastest Car in the World," which was broadcast on Channel 4 late last year, the fundraising potential for the project has grown.
As the plan develops, it is expected that the project will receive more and more financing through funded sales and shares, which will be a unique and exciting investment.
Ian Warhurst, the current owner and CEO of Bloodhound LSR, is now stepping down from leading the project and starting to sell the car.
After purchasing the vehicle in late 2018, Warhurst met the initial goal of the rescue project and made sure that the team arrived in South Africa in 2019 to complete its high speed test plan.
However, the current business climate caused by the global pandemic has had a major impact on fundraising and project plans.
As a result, Worcester invited the new owner to buy Grafton LSR, the company that owns the Bloodhound LSR project.