P1racenews AI automatic summary:
Ex-F1 team Caterham could return to the grid in 2027, backed by 24-year-old Kuwaiti entrepreneur Saad Kassis-Mohamed and his investment firm, SKM Capital.
Ex-Formula 1 team Caterham is set to make a comeback in 2027, led by Kuwaiti entrepreneur Saad Kassis-Mohamed and his firm SKM Capital. SKM Racing, as the project is currently known, has established technical centers in Silverstone and Munich, recruiting key personnel with prior F1 experience.
The venture has been backed with €280 million earmarked for the ambitious project, with plans to initially employ 210-230 people at launch, expanding to around 320 by the third year.
SKM aims to submit its FIA registration documents in early 2026 for Caterham’s return to the F1 grid, negotiating technical cooperation with current engine suppliers and strategically deciding on parts production.
The team has a tight timeline, with the first chassis expected by the third quarter of 2026, subject to FIA and Formula One Management approval, a step crucial for the planned F1 debut in 2027. The project is seen as a disciplined engineering competition with a predictable cost framework, attracting investment for the sustainable and competitive venture.
