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Thanks to the participation in BBC’s Dragons Den, a TV show where entrepreneurs pitch for investment, Faizal Khan and Gary Hilman, the two owners of Peel Engineering will be making a re-launch of the iconic P50 and Trident models. James Caan, one of the entrepreneurs of the show accepted to invest £80,000 for a 30% stake of Peel Engineering.
According to The Sun the idea to bring back to life the iconic car of the 60’s came from Gary Hillman who saw one of the only 20 remaining Peel cars at auction. The idea is to recreate the three-wheeled mini-vehicle as a green car operated using battery power.
Besides making the re-launch of the P50 and the Trident electric editions, Khan and Hillman also intend to produce spin-off merchandise.
Over the last years marketing executive Faizal Khan and property magnate Gary Hillman have been building life-sized replicas of the P50 and managed to put to of them into Ripley's Believe Or Not museums in London and New York and 12 more are being built.
The Peel P50 continues to be the record-holder for the smallest car with 134cm (53in) long, 99cm (39in) wide and weight of just 59 kg. With a 49cc engine the P50 had a top speed of 61 km/h.
4 hp @ 6600 rpm
Fuel consumption (combined)
annual ownership cost