(Photo : Eric Alonso/Getty Images) MONTE-CARLO, MONACO – Juri Vips of Estonia and Hitech Grand Prix (8) drives on monitor in the course of the Round 5:Monte Carlo Feature race of the Formula 2 Championship at Circuit de Monaco on May 29, 2022 in Monte-Carlo, Monaco.
British racing crew Hitech Grand Prix, which competes in junior collection F2, F3, F4, and different racing competitions, has introduced its plans to maneuver up yet one more step to hitch the head of motorsport for the 2026 season.
“In 2023, after 20 months of planning and extensive preparation at its Silverstone base, Hitech made its application for entry into the FIA Formula One world championship from the 2026 season,” the corporate mentioned in a press release.
The crew was based in 2015 by former Red Bull junior motorsport driver Oliver Oakes. In lower than a decade, they’ve amassed reasonable success amongst their roster of racing groups.
Hitech Grand Prix has six groups competing in Formula 2, Formula 3, F4 British Championship, Formula 4 UAE Championship, Formula Middle East Regional Championship, and the GB3 Championship.
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Hitech Grand Prix Receives Boost From Billionaire
To put together for the monetary battle in Formula 1, the Silverstone-based outfit additionally introduced that 25% of its holding firm, Hitech Global Limited, has been bought by billionaire businessman and racing fanatic Vladimir Kim.
According to Forbes, the 62-year-old Kazakhstani of Korean descent has a internet value of $4.6 billion, and he owns a community of offshore firms.
“Motorsport has been a long-standing personal interest for me, and I am delighted to be entering into a partnership with an organisation that has enjoyed success in so many categories and has such ambitions for its future,” Kim mentioned.
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