British racing team Hitech have applied to enter a team in Formula One from 2026 with investment from Kazakh billionaire businessman Vladimir Kim.Hitech Global Holdings, which owns and operates Hitech Grand Prix, said in a statement on Monday it had agreed the sale of a 25 per cent interest to Kim.
British racing team Hitech have applied to enter a team in Formula One from 2026 with investment from Kazakh billionaire businessman Vladimir Kim.
Hitech Grand Prix currently competes in the Formula Two, Three and Four junior series and employs more than 150 people at Silverstone. "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 company said on its website.
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