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Aston Martin proves the battery-electric Rapide E prototype can drive

On April 2, 2015, we wrote a report detailing an electric version of Aston Martin's Rapide sedan that could launch in two-to-three years. Today, January 25, 2019, we are here to post a video of the electric Rapide E prototype driving on its own for the first time. Chalk that long wait up to Aston's high bar of making it feel like a V12, the fact that it's Aston's first EV, and the company's thorough testing regimen. President and CEO of Aston Martin Andy Palmer took to Twitter to share with his followers "a moment of Aston Martin history." The video showed the first validation prototype of the Rapide E, the electric variant of the four-door performance car, moving under its own power. This was no Tesla Roadster warehouse video showing its incredible performance. It was simply the first footage of the Rapide E in slow action in a parking lot. ....and by coincident on 21/01/2019, at 8:14pm, another piece of @astonmartin history was made...... but quite what will remain a tightly held secret for now — Andy Palmer (@AndyatAston) January 21, 2019 This past September, Aston Martin officially announced it would build a limited run of 155 examples of the Rapide E. Co-developed with Williams Advanced Engineering, the Rapide E uses two electric motors to make 610 horsepower and 700 pound-feet of torque. It has a top speed of 155 mph and can do 0-60 mph in less than four seconds. Its WLTP range target is said to be over 200 miles, and an hour of charging is good for 185 miles, using a 400V, 50-kW charger. Aston says the car's 800V battery system can also be charged with a 100-kW+ charger at a rate of over 5 miles per minute. In addition to the video, Palmer commented that a second mark of Aston history occurred, but that it will remain a "tightly held secret for now." Expect the first Rapide Es to launch in the fourth quarter of 2019. Related Video:

Aston Martin designs another house, this one overlooking Tokyo

In Japan, where so many apartments aren’t much bigger than the cabin of a Bentley, it probably doesnÂ’t makes sense that Aston Martin plans to build a luxury home with a vista overlooking Tokyo. Of course, the home, designed as it will be by Aston Martin artists, will feature an automotive gallery. And after oneÂ’s parked his car, he can enjoy the wine cellar, in-house cinema, gym, and the private spa. The four-story property, already sold (price not revealed) and due for completion in about a year, is the British brandÂ’s first collaboration with homebuilders in Asia, but it is not the first time Aston has dipped a toe into projects other than automobiles. In 2018, the company launched a power boat, the AM37, a $1.6 million toy that was the result of two years of research and development. Supposedly designed with similar proportions that Aston applies to its vehicles, the top trim level AM37S makes an estimated 50 knots derived from its twin 520 horsepower Mercury petrol engines. Aston Martin even got into the personal luxury submarine game. Aston has also partnered to build a 6,000-square foot  “house” called Sylvan Rock in the Hudson Valley in upstate New York, costing $7.7 million, and is collaborating on the construction of a 66-floor, high-rise condominium in MiIami. Top price for a unit: $50 million. But the view is very nice. For the so-called “holistic” extravaganza near Tokyo, Marek Reichman, executive vice president of Aston, said: “The influence of Tokyo culture, with its amazing history and style, holds an important creative space within our design studio. I see fashion, architectural and even culinary references being considered by our team.” Japanese luxury real estate developer firm VIBROA is working with Aston Martin on the project, with an eye toward expanding the carmakerÂ’s presence in Asia. Related video:

Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.