Chip Ganassi Racing

What Chip Ganassi Racing does

Chip Ganassi Racing is a privately held American motorsports organization operating as a multi-series racing team, founded in 1990 by Chip Ganassi and headquartered in Indianapolis, Indiana, with an additional corporate office in Pittsburgh, Pennsylvania. The team fields entries across the NTT INDYCAR SERIES (three Honda-powered entries featuring Scott Dixon, Alex Palou, and Kyffin Simpson), the INDY NXT by Firestone development series (four entries), the IMSA WeatherTech SportsCar Championship and FIA World Endurance Championship (Cadillac V-LMDh hybrid prototypes in GTP and Hypercar classes), and the Extreme E electric off-road series with the GMC HUMMER EV. Core technology spans Honda turbocharged V6 powertrains in INDYCAR, a 5.5-liter DOHC V-8 LMDh-spec hybrid system delivering 680 horsepower in endurance racing, and an OpenAI-powered race data analytics and decision-acceleration stack used in strategy and pit operations.

The team's commercial model is anchored on multi-year corporate sponsorships — currently with PNC Bank (No. 9 Honda), DHL (No. 10 Honda), Sunoco (multi-year returning partner as of 2026), Root Insurance, OpenAI, Honda Racing Corporation USA, and Journie Rewards — complemented by race prize winnings and limited merchandise revenue (notably driver trading cards that benefit the DonorsChoose education nonprofit). Sponsorship positioning is sold enterprise-direct to corporate brand and product-marketing buyers seeking premium motorsport exposure; broadcast distribution runs through FOX for INDYCAR and partner series for IMSA/WEC. With 51–100 employees and a wholly-owned multi-entity structure (INDYCAR, INDY NXT, IMSA, WEC, and Extreme E programs as operating subsidiaries of Chip Ganassi Racing, LLC), the organization has accumulated 24 championships, 270+ race wins, six Indianapolis 500 victories, eight Rolex 24 At Daytona wins, and 124 INDYCAR wins alongside its 22-season Honda technical alliance.

Chip Ganassi Racing serves two distinct customer groups: enterprise corporate brand sponsors — primarily in banking, logistics, energy/fuel, automotive manufacturing, AI/technology, and consumer products — and motorsport fans who purchase merchandise, attend races, and engage with social and broadcast content. The team's competitive positioning rests on its 35-year championship track record, deep long-tenured technical alliances (most notably the 22-year Honda engine partnership), and a distinctive OpenAI technical collaboration that differentiates its pit-strategy and decision-support workflow within the paddock.

Name

Chip Ganassi Racing

Legal name

Chip Ganassi Racing, LLC

Website

https://chipganassiracing.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Chip Ganassi Racing is a privately held American motorsports organization founded in 1990, competing in NTT INDYCAR, INDY NXT, IMSA, and the FIA World Endurance Championship. The team generates revenue primarily from multi-year corporate sponsorships and serves major brand partners across banking, logistics, energy, automotive, and technology sectors.

Ownership category

akta.pro rank

Product category

Professional Motorsport Racing Services

NAICS

Sports Teams and Clubs (711211)

SIC

Services-Racing, Including Track Operation (7948)

akta.pro primary industry

Motorsports Teams (F1, NASCAR, IndyCar, Rally, MotoGP, etc.) (MPAKABAB)

akta.pro secondary industries

Motorsports Teams & Entrants (Factory & Independent) (MPAKAGAB), Motorsports Support & Feeder Series (Developmental Championships) (MPAKAGAH)

Keywords

• Professional motorsport racing
• Motorsport sponsorship services
• Race team operations
• Endurance racing programs
• Driver development programs

Headquarters

HQ city

Concord

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Sponsorship Revenue: Chip Ganassi Racing generates primary revenue through sponsorship agreements with corporate partners. Major sponsors include PNC Bank (No. 9 Honda), DHL (No. 10 Honda), Sunoco (multi-year partnership), Root Insurance, OpenAI (primary partner for select races), Honda Racing Corporation, and others. Sponsors receive brand exposure through car liveries, team apparel, event activations, and digital content.
2. Race Prize Winnings: The team earns prize money through race victories and championship finishes across INDYCAR, IMSA, WEC, and other series. Success in premier events like the Indianapolis 500, Rolex 24 At Daytona, and series championships generates significant prize revenue.
3. Merchandise and Licensing: Chip Ganassi Racing sells merchandise including trading cards featuring drivers and team imagery. The 2026 trading card program benefits DonorsChoose education nonprofit. Additional licensing revenue comes from branded merchandise and collectibles.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Chip Ganassi Racing (CGR) fields professional motorsport racing teams across the NTT INDYCAR SERIES, INDY NXT, IMSA WeatherTech SportsCar Championship, FIA World Endurance Championship Hypercar class, and Extreme E, monetizing a multi-series race platform primarily through long-cycle corporate sponsorships, manufacturer technical alliances (Honda, Cadillac, GMC), and licensed merchandise. Customers are enterprise sponsors and OEMs seeking brand exposure, hospitality, and B2B activation tied to high-visibility American and international motorsport events.

Product overview

Chip Ganassi Racing is a professional motorsports racing organization competing across multiple premier racing series. The company operates as a multi-platform racing team with three Honda-powered entries in the NTT INDYCAR SERIES (featuring drivers Scott Dixon, Alex Palou, and Kyffin Simpson), four entries in INDY NXT by Firestone development series, Cadillac V-LMDh hybrid prototypes in IMSA WeatherTech SportsCar Championship and FIA World Endurance Championship Hypercar class, and GMC HUMMER EVs in Extreme E. The organization has won 24 championships and over 270 races, including six Indianapolis 500 victories, eight Rolex 24 At Daytona wins, and successes at the 12 Hours of Sebring and 24 Hours of Le Mans. A notable technical partnership with OpenAI enables AI-powered race data analysis and decision-making optimization.

Differentiator

Problem solved

Functional benefit

Products and services

• NTT INDYCAR SERIES Racing Program

Quantifiable outcome

• 22 career victories in 103 IndyCar starts for Alex Palou, ranking fifth in 121 years of IndyCar history
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Partnerships

Twelve partnerships are on record, tiered major, strategic, minor and core.

• Journie RewardsmajorGTM or Marketing Partner · 28 May 2026Journie Rewards sponsors Kyffin Simpson's No. 8 Honda entry in the NTT INDYCAR SERIES. The partnership supports Simpson's second season in the series with the team.
• OpenAIstrategicTechnology or Integration · 13 April 2026OpenAI expanded its partnership with Chip Ganassi Racing for 2026 to become primary partner for Alex Palou's No. 10 Honda at Long Beach and Washington D.C. races. The collaboration involves OpenAI researchers working alongside the team to analyze race data, streamline communication, and accelerate decision-making using AI tools. A documentary about the partnership debuts Summer 2026.
• DonorsChooseminorGTM or Marketing Partner · 8 April 2026Chip Ganassi Racing's 2026 trading card program benefits DonorsChoose, an education nonprofit and PNC Grow Up Great partner supporting public school and Head Start classrooms. In 2025, the trading card program raised over $20,000 for charities.
• Green Sports AllianceminorStrategic or Co-development Partner · 2 April 2026Chip Ganassi Racing joined the Green Sports Alliance as part of its sustainability strategy, formalizing environmental commitment during Earth Month. The team is a founding member of Green Operations & Leadership (GOAL) and joins other INDYCAR and INDY NXT teams in the alliance.
• National Medal of Honor MuseumminorGTM or Marketing Partner · 10 March 2026The National Medal of Honor Museum partnered with Chip Ganassi Racing to feature on the No. 11 INDY NXT entry driven by Carson Etter at the Grand Prix of Arlington. The partnership includes a leadership discussion panel featuring Medal of Honor Recipient Sal Giunta.
• SunocomajorGTM or Marketing Partner · 12 December 2025Sunoco returned as a primary sponsor for Chip Ganassi Racing in a multi-year partnership starting in 2026, marking their first full-season sponsorship in 53 years. The partnership aims to enhance Sunoco's branding in motorsports and promote its 94 Octane fuel, leveraging the team's recent racing success.
• Meyer Shank RacingminorStrategic or Co-development Partner · 30 October 2024Chip Ganassi Racing entered a technical alliance with Meyer Shank Racing beginning with the 2025 season, enabling collaboration and resource sharing between the two INDYCAR teams.
• PNC BankcoreGTM or Marketing PartnerPNC Bank has been a long-standing partner of Chip Ganassi Racing since 2013, serving as primary sponsor of Scott Dixon's No. 9 PNC Bank Honda entry. The partnership has expanded to include the Women In Motorsports campaign and internship program, demonstrating deep brand integration.
• DHLcoreGTM or Marketing PartnerDHL serves as a key logistics and shipping partner, sponsoring Alex Palou's No. 10 Honda entry. The partnership provides DHL with high-visibility motorsport exposure across the INDYCAR season.
• Root InsurancemajorGTM or Marketing PartnerRoot Insurance (NASDAQ: ROOT), a technology car insurance company, sponsors Chip Ganassi Racing as part of its strategy to partner with elite racing organizations. The company celebrated back-to-back Indianapolis 500 victories with Chip Ganassi Racing (2025) and Meyer Shank Racing (2026).
• Honda Racing CorporationcoreTechnology or IntegrationHonda Racing Corporation USA partnered with Chip Ganassi Racing on the No. 10 Honda at the Detroit Grand Prix. In 22 seasons with Honda, Chip Ganassi Racing has won 124 INDYCAR races, placed on the podium 302 times, won 15 INDYCAR championships and 5 Indianapolis 500 victories.
• HondacoreTechnology or IntegrationHonda serves as the exclusive engine manufacturer for Chip Ganassi Racing's INDYCAR program. The partnership has produced 124 race wins, 15 championships, and 5 Indianapolis 500 victories across 22 seasons and 1,030 starts.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Juncos Hollinger Racing: Emerging full-time NTT INDYCAR operation competing in the same championship; comparable in scale and target sponsor segment.
• Wayne Taylor Racing: Top-tier endurance racing team with direct IMSA GTP and Rolex 24 overlap; competes for the same endurance sponsorships and Cadillac/Honda technical narratives.
• Team Penske: Premier multi-series racing operation competing directly in NTT INDYCAR, IMSA, and WEC; closest direct competitor to Chip Ganassi Racing on track and in sponsor markets.
• Andretti Autosport: Direct INDYCAR competitor with comparable multi-car operations, OEM partnerships, and Indianapolis 500 pedigree; competes head-to-head for sponsors and drivers.
• Arrow McLaren: Multi-car NTT INDYCAR team with McLaren Racing affiliation; competes directly for championship points, manufacturer ties, and similar enterprise sponsorship accounts.
• Meyer Shank Racing: INDYCAR team operating a direct technical alliance with Chip Ganassi Racing beginning in 2025; closest peer-level collaboration partner and overlapping sponsor portfolio.
• Rahal Letterman Lanigan Racing: Established multi-car INDYCAR team with comparable enterprise sponsor base (Honda, Gainsco) and Indianapolis 500 competitiveness.
• Dale Coyne Racing: Long-standing NTT INDYCAR entrant competing in the same races for grid positions, sponsor renewals, and driver contracts.
• A.J. Foyt Racing: Heritage INDYCAR team with multiple Indianapolis 500 wins; direct comparable as a founder-owned, multi-car open-wheel operation.

Broad incumbents

• McLaren Racing: Global motorsport incumbent with F1, INDYCAR (via Arrow McLaren), Formula E and Extreme E programs; competes for the same Fortune 500 sponsorship and OEM marketing budgets at greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CGRTeams
• YouTubeyoutube.com/channel/UCOAM38sR4-0KNTMhyrzX76w
• Facebookfacebook.com/ChipGanassiRacingTeams
• LinkedInlinkedin.com/company/earnhardt-ganassi-racing-with-felix-sabates-llc-
• Instagraminstagram.com/chipganassiracing
• TikToktiktok.com/@chipganassiracing

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chip Ganassi Racing