The Caterham F1 team is reportedly planning a return to the Formula 1 grid in 2027, more than ten years after its last race appearance. Originally competing from 2012 to 2014 following its takeover from Lotus Racing, the team struggled to make a significant impact, failing to score any championship points during its time in the sport.

Now, under the leadership of 24-year-old Kuwaiti entrepreneur Saad Kassis-Mohamed and his investment firm SKM Capital, the revived project—currently operating under the name SKM Racing—is advancing steadily toward reentry. The organization has established a technical center in Silverstone to manage parts production and will base its racing operations in Munich.

SKM Capital Emphasizes Data-Driven and Sustainable Approach

Marcine Graham, managing partner of SKM Capital, described Formula 1 as

“a disciplined engineering competition with a predictable cost framework,”

highlighting its investment appeal. She continued,

“This combination makes it attractive for investment. We are building a compact, data-driven organisation that is sustainable and competitive from the outset.”

These remarks underline the team’s commitment to a lean and efficient structure as it prepares for competition.

Challenges in Securing Resources and Approvals

As SKM Racing advances, key details such as engine supplier partnerships remain undecided. The team’s options appear limited, with Ferrari and Honda standing as the only plausible suppliers. The group must move quickly to submit its registration documentation to the FIA by early 2026 to meet the timeline for the 2027 season.

Acceptance from the FIA and Formula One Management remains uncertain, given the complexity and stringent criteria involved in reintroducing a new or returning team. If granted approval, SKM Racing would enter as the 12th team on the grid, joining the existing ten teams and the newly added Cadillac team expected to debut next year.

Future Prospects for the Team and Formula 1 Landscape

The potential re-entry of Caterham would mark a significant development for the sport, offering more competition and diversity on the grid. The involvement of fresh investment and a focus on sustainability could provide a model for future team entries in Formula 1’s evolving regulatory environment. Industry watchers will be closely monitoring SKM Racing’s progress toward securing all necessary approvals and readying itself for competition in 2027.