Hitech Grand Prix, a British racing team, has recently submitted an application to enter the world of Formula One starting from the 2026 season. The team has secured a major investment from Kazakh billionaire businessman Vladimir Kim, who will acquire a 25% interest in Hitech Global Holdings, the parent company of Hitech Grand Prix.
Known for its participation in the Formula Two, Three, and Four junior series, Hitech Grand Prix is based at Silverstone and currently employs over 150 individuals. Some notable drivers who have been a part of the Hitech team include Russian racer Nikita Mazepin, whose father Dmitry was a sponsor until economic sanctions were imposed due to the Russian invasion of Ukraine.
Having embarked on a meticulous planning and preparation process that spanned 20 months, Hitech officially submitted its application for entry into the FIA Formula One World Championship for the 2026 season. The team highlighted that this move would complete its existing single-seater ladder and serve as a testament to its talented personnel, extensive experience, and ample resources, all of which would position Hitech alongside the top teams in the world.
It is worth noting that the FIA, Formula One‘s governing body, initiated an official application procedure earlier this year, aiming to identify and evaluate potential new teams interested in joining the championship by 2025, 2026, or 2027. However, as of now, no official decisions have been announced regarding the acceptance of new teams.
In addition to Hitech Grand Prix, there are other entities vying for entry into Formula One. Andretti Global, based in the United States, along with General Motors, aims to compete using the Cadillac brand. The competition for inclusion in the prestigious motorsport championship is fierce, and these ambitious teams are seeking to make their mark on the global stage of Formula One racing.