SunstarTV Bureau: While the Bloodhound supersonic car project was built to smash the world land speed record is up for sale.
Citing difficulties raising funds amid coronavirus pandemic, the current owner lan Warhurst confirmed the news as the project was rescued from the brink of bankruptcy at the end of 2018 which proved too costly to survive.
Meanwhile, the owner of the car is on the outlook for a new investor to take the reins and finance the team’s efforts to set a new land speed record in 2022.
While the vehicle was conceived to break the world land speed record and cross the 1,000-mph (1,600-km/h) threshold, the business was purchased by Yorkshire-based entrepreneur lan Warhurst and relaunched with a new headquarters in early 2019.
The vehicle went on to hit its fastest speeds during testing, including a run where it reached 628 mph (1011-km/h). But the company’s history has shown, developing the machinery capable of these kinds of speeds involves some exorbitant costs, and these again prove on too much to bear, with putting the business up for sale following this milestone.
According to the car owner’s statement, “the car now needs a Nammo monopropellant rocket installed in order to exceed speeds of 800 mph (1,287 km/h), something estimated to cost around 11 million US dollar. If the car sold, the team working on the Bloodhound LSR car hope to make a 800 mph attempt in 2022.”