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Investors and car enthusiasts have the chance to own a part of a new British car company called Elemental, founded and run by a team of senior designers and engineers formerly at McLaren F1, Porsche, Lotus and BMW.

Elemental is seeking to raise £600,000 for a 26% share of the company through a crowdfunding round on SyndicateRoom.

They are creating a new range of lightweight sports cars designed for the track and road-driving enthusiast. The cars incorporate 21st century motorsport design principles, aerodynamics and materials. The first car in production - the Elemental RP-1 - will completely update the traditional idea of an occasional-use road and track car.

The RP-1 incorporates a carbon fibre tub (as seen in all F1 cars), motorsport-derived aerodynamics, dramatic styling and owner-tuneable suspension. It will be available with a choice of engines to suit all uses and driving styles.

The core members of the team have a multi-disciplinary motorsport and engineering background, having worked on some of the world’s most successful and admired super-sports cars and racing programmes.

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Read the full article here.