LvChi Venere

The LvChi Venere prototype, an electric supercar, was unveiled at the 2018 Geneva Motor Show, making a bold statement with its impressive specifications. This vehicle boasts a length of five meters, four electric motors, and lithium-ion batteries, all housed in a carbon chassis. With a top speed of 250 km/h and a range of 500 kilometers, the Venere represents a significant achievement in electric vehicle design and performance. The Venere was conceived by the I.DE.A Institute, founded in 1978 by renowned architect Renzo Piano and engineer Franco Mantegazza. This prototype was the first and only existing electric limousine, highlighting the innovative spirit and high design standards associated with Renzo Piano. The development of the Venere came with a hefty price tag of 20 million euros, a reflection of its advanced technology and engineering. The prototype’s journey took a dramatic turn when it ended up at the Court’s judicial sales institute, a unique opportunity for collectors and connoisseurs. The Chinese group Lvchi, which had partnered with the Idea Institute, initially committed to producing 450 cars annually. They planned to set up a production facility in Turin, at the former headquarters of Carrozzeria Bertone, with a 40 million euro investment, split equally between production and research and development. However, Lvchi eventually backed out of the deal, leading to significant financial repercussions for Idea. The fallout from this failed partnership led to what was described as “aggravated fraud,” ultimately resulting in the declaration of bankruptcy for the Idea Institute in January. Consequently, all assets, including the LvChi Venere prototype, were seized by the Court. These assets, along with the projects, drawings, and patent, are now set to be auctioned off by Sivag. Albino Bertoletti, who heads the company, noted that “Everything that could be used to resume production” will be available for auction, providing a potential opportunity for anyone interested in reviving the project. The fate of the Venere and its associated assets now lies in the hands of those who recognize its potential and are willing to invest in its future.