Styled by Iain Robertson and developed by a team under Jez Coates, the aim was to have a car that offered "the chance to experience Caterham motoring in a more practical format".

[2] Caterham originally intended to produce 200 cars per year, but in fact only 40 to 50 examples were actually made before the project was quietly shelved in 1999.

[1] Some components were taken from mainstream models (such as the rear light clusters from the Mk1 Ford Mondeo hatchback, door mirrors from the Rover 200, front indicators from the Suzuki Cappuccino, etc.)

Most of the cars built by the factory were fitted with either the 1.6L or 1.8L variants of the K-Series engine, all of which were controlled by the Rover MEMS ECU.

A single series 2 prototype was created by Caterham, with a view to fitting a "standard" superstructure from an MGF and having enough space for a larger power plant, moving the car into the territory occupied at the time by manufacturers such as TVR.