The Bloodhound LSR project is under threat once again with the company revealing it needs more money this month or it will be forced to wind up the mission to set a new land speed record.
Bloodhound was rescued from administration at the end of 2018 by British businessman Ian Warhurst. While recently speaking with the BBC, he said the company needs about £8 million ($10 million) if it is to solider on.
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“We’ve shown what this car can do and there’s been huge support for it. But although I’ve had lots of conversations with people who are interested in taking it on, we haven’t yet been able to get the money on the table,” he revealed. “We really need to do that in the next month because of the timescales we’re operating to.”
Warhurst says money is needed to cover the last elements of the rocket’s development. Additionally, money is needed to prepare and run the car on a special segment of the Hakskeen Pan in South Africa where the record-attempt is to be made.
Late last year, the Bloodhound LSR clocked 628 mph (1,010 km/h) during a test run when powered exclusively by its jet engine. The LSR will ultimately be fitted with a rocket as well in an attempt to beat the previous record that stands at 763.035 mph (1,227.98 km/h). Ultimately, the team wants to eclipse 1,000 mph (1,609 km/h).
“I reckon there’s about a year’s worth of work to get the car ready, so we need to get going in the next few months,” Warhurst added. “After we came back from South Africa at the end of last year, we let team members take up other contracts. But we need now to give them certainty if we’re to ask them to come back.”
