The Caparo T1 is a British mid-engine, rear-wheel drive, two-seat automobile that was built by Caparo Vehicle Technologies, founded by design director Ben Scott-Geddes, engineering director Graham Halstead, engineers formerly involved in the development of the McLaren F1 and Sean Butcher, marketing director and financier. The T1 was inspired by Formula One design, and intended as a relatively affordable road legal racing car. The T1 was scheduled for production in mid-2007 for a price of GB£235,000 with approximately 25 cars per year built.

Initially the project was known as Freestream T1 but was very quickly bought by Caparo.

In August, 2014 the company teased even more advanced model T1 Evolution. Key features were:

- Bespoke power train system with a 700bhp output;
- Updated chassis to meet strictest safety criteria;
- New suspension configuration for increased stiffness and performance;
- Drivability enhancements including ABS, traction and stability control;
- Improved driver comfort, cockpit information and driving experience;
- Telemetry and communications system.

Caparo planned to sell around 25 cars per year. However, in the production run they sold just 15 cars before the company fell into administration in 2015.