Project Bloodhound Has Been Saved Thanks To A New Investor

BY Michael Karkafiris | Posted on

The Project Bloodhound land speed record isn’t dead after all, as a new investor bought the business and assets, allowing the project to continue its effort to reach 1,000 miles per hour (1,609km/h).

The news follow the announcement on December 7 of the project being shut down after failing to secure the funding required. Bloodhound SSC entered administration last October seeking up to up to £25 million (around $32 million) in funding.

Project Bloodhound is now being bought “for an undisclosed amount” by Yorkshire-based entrepreneur Ian Warhurst.

“We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future,” said Andrew Sheridan, one of the administrators of Project Bloodhound.

“Ian has a strong background in managing highly successful businesses in the automotive engineering sector and he will bring considerable expertise to bear in taking the project forward. He will be outlining his plans for the project in detail early in the New Year,” Sheridan added.

The Bloodhound SSC is powered by an EJ200 jet engine combined with a custom rocket system. The car has completed tests up to 200mph (320km/h) so far but that’s about to change apparently.

It sounds like we’re going to see the Bloodhound SSC trying to break the 1,000mph barrier, so stay tuned.

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