In every auto show, you’re bound to come across a concept project being displayed in hopes of finding a financier to move the project further along than its pipe dream status. At the 2011 Detroit Auto Show, we finally saw that car. It’s called the Wikispeed SGT01, a racing prototype that was displayed at Cobb Hall in body/chassis/interior/suspension form. The car didn’t have a powertrain on it so we can easily figure out just how far the project needs to go to become production ready.

The SGT01 was originally developed for the Progressive Insurance Automotive X Prize competition and has since taken shape, albeit in small, baby steps. The company’s founder, Joe Justice, is looking into building the SGT01 as a turn-key automobile, but lacks the necessary funding to do so. From what we’ve heard, the company’s looking for an investor or, at the very least, obtain a loan of about $750,000 to get the project up and running.

Whether the company finds that person is still up in the air, though. So for now, they’ve settled on previewing a body prototype of what the SG01 could look like with the hopes of at least getting enough attention to attract a kind soul that can fund the project.

Details on the Wikispeed SGT01 after the jump.

  • 2012 Wikispeed SGT01
  • Year:
  • Make:
  • Model:
  • Engine:
    1.8-liter, 4-cylinder Honda engine
  • Transmission:
    five-speed automatic
  • Top Speed:
    149 mph
  • Price:
  • car segment:

Exterior and Interior

It’s a little tricky to describe what the SGT01 is eventually going to look like. While the company showed a prototype that looks like an aerodynamic sports car, the intention for the SG01 is to eventually be a four-passenger vehicle. In any case, the SGT01 is being envisioned to be a four-seat racer that’s built on an extruded aluminum chassis with a carbon fiber body weighing only 590 kg. According to reports, the car’s chassis has already been stamped with “five star equivalency” from tests involving front impact, side impact, and roof-crush strength. Justice also said that the car’s carbon fiber body will be produced for only about $1,000, thanks in large part to an innovative layering process that we, quite frankly, have no idea of how it works.


The SGT01 is being pegged to come with a 1.8-liter, 4-cylinder Honda engine mated to a five-speed automatic Honda drivetrain. Figures aren’t official yet, but the company described that in simulated E.P.A driving cycles, the SGT01 was able to achieve ridiculous fuel efficiency numbers of 104 miles per gallon in the city and 114 miles per gallon in the highway. With such gaudy numbers, there has to be a catch to that, which, predictably, there is. In achieving those numbers, tests were done with “capped performance parameters” that limited the car’s 0-60 mph time to a turtle-like 15 seconds and a top speed of 67 mph. Not exactly race prototype material, is it?

Eventually though, Wikispeed is shooting for a 0-60 mph time of 5.5 seconds and a top speed of 149 mph, meaning that we probably shouldn’t expect to go 114 miles on the highway before consuming a gallon of gas.

2012 Wikispeed SGT01 High Resolution Exterior
- image 389111


If we were willing to fork over $28,800 to pre-order a unit, we’re confident that Wikispeed would gladly accept the generous show of faith in them. If – and it’s a very big ‘if’ – the car does end up being production ready, the company said that prices could drop to under $20,000.


In body form, the SGT01 doesn’t really have a fair competition considering that, well, it doesn’t move. Conversely, since performance specs of the car - as well as aesthetic looks, for that matter - are still in the dark, we can only assume and hope that it should pose as competition for Radical and their slew of modern-day racers.

  • Leave it
    • Too many unknowns
    • Ambitious project that might not even take off
    • Company needs a lot of help to hit the ground running
Kirby Garlitos
Kirby Garlitos
Automotive Aftermarket Expert -
Kirby’s first exposure into the world of automobiles happened when he caught Knight Rider on television as a five-year old boy. David Hasselhoff didn’t leave much of an impression on him (that happened later on in Baywatch), but KITT certainly did. To this day, Kirby remains convinced that he will one day own a car with the same ‘spirit’ as the original KITT (not the 2008 monstrosity). He doesn't know when that will be, but until then, he’s committed to expressing his love for KITT, and all cars for that matter, here at TopSpeed.  Read full bio
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Show Comments


  (596) posted on 03.2.2012

I am hoping for this concept to launch off. It’s most likely affordable despite its advanced technology and cool appearance.

  (569) posted on 02.8.2012

This special edition is really captivating though it looks like a toy car. And I think there are still some things that need to be improved in this car.

  (458) posted on 01.30.2012

This is an ambitious project and we’re not sure if this gonna happen. But overall, the car looks very promising and futuristic. Wikispeed can be the coolest car ever if it change it color.

  (595) posted on 01.13.2012

If they try to release other types or colors, I think Wikispeed SGT01 will become more cooler and attractive than ever. This model seems to be toy car. Its color I think not suitable for its style.

  (368) posted on 10.14.2011

This model seems to be toy car. Its color I think not suitable for its style. Its bumper is so low that will be a problem because it can be destroyed easily.

  (238) posted on 09.13.2011

Quite inexpensive than other customize car. The SGT01 is fine for car shows, but for a performance, a bit dull on the road.

  (320) posted on 08.15.2011

The car looks so promising, yet the price is very cheap. I like the color of the car and the design is very futuristic. Well, I will wait for other press releases for this one since a lot of things are unknown.

  (474) posted on 03.29.2011

haha. Yeah, so ambitious! But its a good thing that its still a concept because I will laugh hard if this car has made its way to production. However, i find the wing kind of cute in the funny way!

  (375) posted on 03.15.2011

yeah, it so ambitious frog! I can’t see any good on this car. Total pointless and for sure nonsense concept!

  (445) posted on 03.9.2011

When I first read the title, I thought that this one might be under Wikipedia. I was like, are they serious on this one? But now, seeing, I would probably wish that they find a financier soon.

  (309) posted on 01.17.2011

Sorry to hate on ya, but we’ve seen this happen to small EV companies for years. The hurdles to make a car company from scratch are gigantic.

  (291) posted on 01.17.2011

So far we’ve been able to hit our critical technical markers---which has enabled us to confidently make the promises we’ve been making---and now we’re focusing on getting the word out and finding the funding to bridge our way to production. Stay tuned, and keep your fingers crossed for us!

  (763) posted on 01.16.2011

it looks great but there are also parts that is new and unknown by many, plus the project might not be take off due to futuristic looks.

  (477) posted on 01.16.2011

well it’s price is kinda lower than the competitors, also the the looks promising, but unfortunately the company need some more running time than building time. they need first impressed the viewers for them to have the interest of buying it.

  (324) posted on 01.13.2011

so what’s the main purpose of having a 4 seater sports car and what does it looks like for this one to have a 4 passenger..

  (701) posted on 01.13.2011

for me this looks a pointless project from the perspective road vehicle. better if they made this as a rally race car. that can deal with tarmac, sand and Mud races.

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  • WikiSpeed SGT01