British Cycling is working with Lotus Engineering and Renishaw to develop the bike used by the country's athletes at Paris 2024 ©British Cycling

British Cycling has extended its partnerships with both Lotus Engineering and Renishaw to design the bike that will be used by the country's track team at next year's Olympic Games in Paris. 

The trio worked together for Tokyo 2020 when Britain topped the medals table in track cycling with three golds, three silvers, and one bronze.

"Over the last Olympic cycle, we have developed fantastic relationships with Renishaw and Lotus, working collaboratively to bring together world-leading expertise from their teams into our programme," said British Cycling team performance director Stephen Park.

"This, combined with our in-house team who are constantly working to find the most innovative solutions, such as optimising rider race positions in our newly opened wind tunnel, gives our riders the best possible chance when they get to the start line.

"Having brought back seven track medals from Tokyo, we are excited to see what we can go on to achieve together as we work towards further refining our bike, which is just one part of the world-class support we are able to offer our riders as we set our sights on Paris 2024."

Lotus is a British automotive company headquartered in Norfolk, which manufactures sports cars and racing cars noted for their light weight and fine handling characteristics.

The company was previously involved in Formula One racing, via Team Lotus, winning the Formula One World Championship seven times.

Renishaw, meanwhile, is a British engineering company based in Gloucestershire.

The team will aim to increase the bike's speed through an updated design which will incorporate lightweight, complex parts made by Renishaw and while Lotus' will provide aerodynamic efficiency in the design.

The bike is due to be homologated in line with International Cycling Union regulations throughout 2023 to make it competition ready for Paris 2024.

British Cycling has enjoyed a relationship with Lotus since Barcelona 1992 when Chris Boardman won the Olympic individual pursuit ©Getty Images
British Cycling has enjoyed a relationship with Lotus since Barcelona 1992 when Chris Boardman won the Olympic individual pursuit ©Getty Images

"We are thrilled to be continuing this unique and successful partnership with British Cycling. Being involved in the development of such a high-performance machine, and having riders win so many medals riding it on a global elite sporting stage like the Olympics, is fantastic," said managing director of Lotus Cars Matt Windle.

The project marks the third time that British Cycling has collaborated with Lotus to produce an Olympic track bike.

The first came at Barcelona 1992 when a Lotus Type 108 was ridden to gold by Chris Boardman in the men's individual pursuit.