Andretti Global Unveils Plan for New $200M Indiana Headquarters - The Race

Andretti Global Unveils Plan for New $200M Indiana Headquarters – The Race

Andretti Global has announced plans for a new $200 million headquarters near the Indianapolis Metropolitan Airport.

The announcement did not specifically refer to Michael Andretti’s plan to enter a new team in Formula 1, but used the parent company title of Andretti Global under which the F1 project was launched.

The new 575,000 square foot building, which is expected to be operational by 2025 and add 500 new jobs to the local economy, will be “the headquarters of Andretti’s global business functions and the base of operations for the current NTT team. IndyCar Series, Indy Programs Lights and IMSA and other future racing initiatives”.

Andretti Autosport also currently has Formula E and Extreme E teams, and is part of the Walkinshaw Andretti United collaboration in the Australian Supercars series.

His plan also includes a “museum and innovation center that will preserve and showcase the Andretti legacy and inspire the future of motorsport.”

“Indiana holds an important place in racing history and in my career as a driver and owner; I am pleased to confirm that the racing capital of the world will continue to be the home of our global racing efforts for a long time to come,” said Michael Andretti of the new headquarters plan.

“Over the past 20 years I have worked to expand our operations and I am proud of our steps to create a diverse racing portfolio.

“Our current setup has served us well. Our team has grown in the areas of competition and commerce and our employees deserve the best environment and the best resources available.

“I’m thrilled to have so many of our teams under one roof as we continue to build and grow.”

Mario Andretti said during an appearance on the WTF1 podcast last month that the team had people “working every day” in the United States and Europe to push the Andretti F1 team plan forward.

The announcement of the headquarters plan aligns with The Race’s understanding that Andretti Global would have a global base in the United States but would conduct much of its day-to-day F1 operations from a European location for logistical reasons.

It hopes to be on the F1 grid by 2024 and has signed an engine supply deal with Renault.

Andretti said in February he had submitted documents to the FIA ​​regarding his plans to enter F1.

But the FIA ​​has made it clear that there is currently no entry process for new open teams, and it is understood that F1 itself would prefer any additional grid place to go to a new manufacturer team. .

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