Opening the track to every dream.
Giving talented young racers the chance to chase their dreams, without the price tag.
The problem in motorsports is
Did you know?Going from karting to Formula 1 can cost$8–$10 million.
My dad spent something like £20,000 and re-mortgaged the house several times in our first years. But today it has gotten so expensive, so there are very few or no working class families on their way up. It is all rich and wealthy families.
Currently I think it’s way too expensive and unaffordable for most.
That is totally absurd, [and] needs to stop, because we want to have access. I think we need to give access to kids that are interested in go-karting, the opportunity to race for much more affordable budgets.
There are so many junior series that young drivers don’t really know which is the best path to take. Junior motorsport is still fragmented and expensive and that alone doesn’t encourage those with a dream of F1 to enter the sport, or for the genuine cream to rise to the top.
Public statements about the cost of racing, taken from interviews and news reports. They are not endorsements of Formula Five.
Team estimates.
45,000 enter go-kart championships globally
14,000 reach go-kart championship level
500 make it to Formula 4
Formula Five is the bridge for the who are talented enough — but priced out.
“After dedicating over 40 years to Motorsport, starting from Rallying and progressing through roles such as navigator, Service Head, test driver, driver coach, team owner, and team principal, I have witnessed the financial challenges that parents encounter in supporting their children’s racing dreams. It’s truly disheartening to see gifted young racers retreat from the sport due to its overwhelming costs. This experience led to the inception of Formula Five.”
Joseph congratulating Mathias Lauda after a Formula 2000 win.
Development Driver and Brand Ambassador
Professional racing driver and Formula Five partner. Son of F1 legend Niki Lauda.
“Formula Five, an affordable racing car, is such a brilliant concept. Racing has often been a sport reserved for those with deep pockets, but this idea can truly democratize motorsports.”
Offering an affordable entry opens up the field to many more aspiring drivers and teams, therefore providing a far broader talent pool, wider supporting community and most of all, much better racing!
Because it aims to bridge the rather large gap between go-karting and F4. A proper, modern entry level race car that has safety designed into it from the start and all at an affordable cost! That’s a dream!
Prem Durai RajeshAdvisor, go-to-market and commercial strategy
Krithika KariappaPartner, Director – Marketing and OperationsOur team blends creative minds, strategic thinkers, and industry experts, united by innovation, excellence, and a shared drive to take this vision to new heights.
Vinay James KynadiChairman and MD, Venture Way
Deepak NarendranDirector, Searchlight Productions
Aimee WattsRacing driver
Ousep ChackoEx-Road Test Editor, Autocar India
Amélia ChendriahCorporate lawyer in AI, cybersecurity and privacyA team of young, driven individuals with a deep passion for motorsports, dedicated to perfecting every detail of their car through relentless effort and innovation.
Marc StephenEngineer, Indian F4 and IRL since 2023
George JosephProject coordinatorTechnical and pit crew at JA Motorsport · 2017–18 · MRF F1600 and F2000.
Mark ThoppilMarketing