Single-seater powerhouse Hitech has confirmed that it has applied to join F1 in 2026, having secured fresh investment from a Kazakh businessman. Full story:
The Silverstone-based squad, which currently races in F2, F3 and F4, announced on Monday that its parent company Hitech Global Holdings Limited had sold a 25 percent stake to Kazakh businessman Vladimir Kim.
Previously, Kim’s companies have sponsored Kazakh athletes, including boxing champions Gennadiy Golovkin and Serik Sapiyev, as well as top-ranked tennis players, but the Hitech deal is his first foray into international motor racing. “We have an established involvement with sport; however, this is our first global investment in motorsport. Its dynamic appeal, growing exposure, business-to-business marketing opportunities and burgeoning fan base are aligned with my ambitions personally and commercially.” Hitech CEO Oliver Oakes added: “I am delighted to welcome Vladimir Kim to the Hitech group.
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