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Joss Supercar Suffers Setback As Finance Deal Falls Through

The Joss JP1, a near-mythical supercar that has been in development here in Australia since the early 2000s, is in trouble again. Less than six months after he confirmed a $35 million funding deal with wealthy entrepreneur Alex Hatzimihail, Joss founde


The Joss JP1, a near-mythical supercar that has been in development here in Australia since the early 2000s, is in trouble again.

Less than six months after he confirmed a $35 million funding deal with wealthy entrepreneur Alex Hatzimihail, Joss founder Matthew Thomas has revealed today that the partnership is over.

In a brief statement released today, Mr Thomas said the decision “was difficult, but necessary”.

Details of the breakup were not revealed, and Thomas has chosen not to speak on the matter.

“Given the sensitivity of the current business status, we regret that no additional comment can be given at this moment,” he said today.

The company appears eager to push on, however.

“The Joss team will now work to secure the required funding to develop its evolved version of the Joss JP1," Thomas said. 

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