Formula Bharat

What Formula Bharat does

Formula Bharat, founded in 2016 and headquartered in Mumbai, India, organizes South Asia's official Formula Student engineering design competition for student teams from colleges and universities. The organization runs an annual competition where teams build life-size Formula-style vehicles and are evaluated on engineering design, cost analysis, business logic, and dynamic performance, held at Kari Motor Speedway in Coimbatore. It is entirely volunteer-driven, drawing on a pool of 400+ volunteers and serving 80+ institutes with a cumulative participant base exceeding 3,000 students.

Beyond the flagship event, Formula Bharat offers a portfolio of programs: Academy (virtual and on-site training), Courses (beginner education), EV Safety Training, the Electric Vehicle Development Program (EVDP) 20-week workshop, Vehicle Review Program (pre-competition technical inspection), and an Outreach Program. Sub-events include the FS Concept Challenge (virtual design), Dynamix (vehicle dynamics), and the Driverless Cup (autonomous vehicles). Technical Inspection Services are also provided at the competition venue.

Revenue is generated through team registration fees, membership subscriptions (membership.formulabharat.com), training and program fees, and industry sponsorships. Key sponsors include MathWorks, Ansys/Synopsys, Altair, DigiKey, HARMAN Automotive, Sika, Hirose Electric, and IPG Automotive. Notable alumni-founded companies (Ather Energy, Exponent Energy, Vecmocon) have returned as sponsors, reinforcing a self-sustaining industry feedback loop.

Name

Formula Bharat

Legal name

Formula Bharat

Website

https://formulabharat.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Formula Bharat organizes South Asia's official Formula Student engineering design competition, where student teams from 80+ colleges build life-size Formula-style vehicles and compete annually. It supplements the event with training, EV safety, and academy programs for the engineering talent pipeline.

Ownership category

akta.pro rank

Product category

Engineering Education Competitions

SIC

Services-Racing, Including Track Operation (7948)

akta.pro industry

PRIMARYMPAKAGAA

Motorsports Series & Championships (Sanctioned Racing Calendars)

Media, Entertainment & Sports/Sports (Leagues, Teams, Events, Venues)/Motorsports Series, Teams & Promoters

Keywords

• Engineering design competition
• Formula student event
• Automotive engineering education
• Electric vehicle training
• Student motorsport competition

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Competition Registration and Membership Fees: Formula Bharat operates through team registrations for annual competitions and membership programs. Teams must register and pay fees to participate. Membership platform provides resources, job postings, and access to competition materials.
2. Training and Program Fees: Revenue generated from EV Safety Training programs (offered in batches), Academy courses, and other educational programs for students and faculty.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Formula Bharat organizes the official Formula Student engineering design competition in India, where student teams from colleges and universities design, build, and compete with life-size Formula-style vehicles evaluated on engineering design, cost, business presentation, and dynamic performance. Surrounding the main event, the organization offers supporting paid programs including FB Academy, beginner Courses, EV Safety Training, the Vehicle Review Program, the Outreach Program, and the Electric Vehicle Development Program (EVDP), along with sub-events such as the FS Concept Challenge, Dynamix, and the Driverless Cup.

Product overview

Formula Bharat is South Asia's official Formula Student competition organized as a series of programs and events. The core offering is the main competition (Formula Bharat) where student teams compete with Formula-style vehicles in engineering design, cost, marketability, and dynamic performance. Supporting programs include Academy (preparation and training), Courses (beginner education), EV Safety Training (electric vehicle safety certification), Outreach Program (inclusivity initiatives), and Vehicle Review Program (pre-competition technical review). Sub-events include FS Concept Challenge (virtual design competition), Dynamix (dynamics testing), and Driverless Cup (autonomous vehicle competition). The organization also provides Technical Inspection Services for vehicle compliance verification.

Differentiator

Problem solved

Functional benefit

Brands

• FB Academy: A dedicated platform that prepares individuals for the Formula Student challenge and real-world engineering roles through Virtual Academy and On-Site Academy sessions.
• FS Concept Challenge
• Dynamix
• EV Safety Training
• Vehicle Review Program
• Formula Bharat Driverless Cup
• Outreach Program

Products and services

• Formula Bharat Main Competition The primary Formula Student competition where student teams from colleges and universities compete with life-size Formula-style vehicles in engineering design, cost, marketability/business, and dynamic performance events. Recognized as South Asia's official Formula Student event verified by FS World Competitions.
• FB Academy A dedicated platform that prepares individuals for the Formula Student challenge and real-world engineering roles, offering Virtual Academy (flexible online sessions) and On-Site Academy (hands-on workshops at institutions) to bridge academics and industry.
• Courses
• EV Safety Training Specialized training program equipping students, faculty, and EV enthusiasts with essential knowledge to handle electric vehicles safely in a Formula Student environment, leading to Electrical System Officer Qualification (ESOQ) certification.
• Outreach Program Initiative that makes the Formula Student platform more inclusive and accessible by visiting institutions and bringing awareness, guidance, and inspiration directly to campuses.
• Vehicle Review Program Comprehensive vehicle review conducted by Formula Bharat's Technical Inspection team to help teams identify and resolve technical issues before the main competition.
• FS Concept Challenge Virtual engineering design competition for Formula Student teams focused on concept-stage vehicle design without requiring physical prototyping.
• Dynamix A sub-event of Formula Bharat focused on vehicle dynamics and performance testing.
• Formula Bharat Driverless Cup Driverless vehicle competition category within Formula Bharat, testing autonomous driving capabilities of student-built vehicles.
• Electric Vehicle Development Program (EVDP) A 20-week workshop program supporting teams in developing electric vehicles for Formula Student competitions.
• AutoX Track Days Weekend autocross events open to current Formula Bharat participants and Formula Student alumni, providing informal racing experience.
• Technical Inspection Services On-site technical inspection services for combustion vehicles, electric vehicles, and combined powertrains at the competition venue.

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered minor and core.

• Circuit SwagminorGTM or Marketing Partner · 27 November 2023Circuit Swag collaborated as Merchandise Partner for Formula Bharat 2024, offering motorsport-related merchandise and a dedicated Formula Bharat collection.
• MathWorkscoreStrategic or Co-development PartnerMathWorks is a sponsor of Formula Bharat, providing the MathWorks Modeling Award as part of the Special Awards category. They support student teams with academic licensing and modeling challenges.
• DigiKeycoreStrategic or Co-development PartnerDigiKey sponsors Formula Bharat and provides the DigiKey Embedded Systems Innovation Award, supporting innovation in embedded systems among student teams.
• Vecmocon TechnologiescoreStrategic or Co-development PartnerVecmocon Technologies is a sponsor for Formula Bharat 2026, backing the landmark 10th edition. Vecmocon was founded by Formula Student alumni.
• Hirose ElectricminorStrategic or Co-development PartnerHirose Electric is listed as a sponsor of Formula Bharat, providing support for the competition.
• IPG AutomotiveminorStrategic or Co-development PartnerIPG Automotive sponsors Formula Bharat, investing in education through research and teaching initiatives.
• SynopsyscoreStrategic or Co-development PartnerSynopsys (through Ansys) sponsors the Simulation Challenge at Formula Bharat, supporting engineering simulation education.
• SikaminorStrategic or Co-development PartnerSika sponsors the Lightweighting & Safety Award at Formula Bharat.
• Applied MaterialsminorStrategic or Co-development PartnerApplied Materials is listed as a sponsor supporting Formula Bharat.
• Exponent EnergyminorStrategic or Co-development PartnerExponent Energy sponsors Formula Bharat and was founded by Formula Student alumni.
• CoexlionminorStrategic or Co-development PartnerCoexlion is listed as a sponsor of Formula Bharat.
• Win-SourceminorStrategic or Co-development PartnerWin-Source sponsors Formula Bharat.
• Ather EnergyminorStrategic or Co-development PartnerAther Energy hosted the FSEV Concept Challenge 2019 and was founded by Formula Student alumni.
• HARMAN AutomotivecoreStrategic or Co-development PartnerHARMAN Automotive sponsored the Innovation Challenge at Formula Bharat 2024 with themes around connected car, in-vehicle infotainment, ADAS, and EV technologies. Top winners received JBL products.
• WRI IndiaminorStrategic or Co-development PartnerWRI India sponsors the Sustainable Innovative Mobility Challenge at Formula Bharat.
• AltaircoreStrategic or Co-development PartnerAltair sponsors the Simulation Challenge for Formula Bharat teams, providing academic licenses and prizes for teams using Altair Inspire software.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Formula Student Germany (FSG): FSG organizes one of the largest Formula Student competitions globally at Hockenheim and is the benchmark event for student engineering competitions. Formula Bharat mirrors FSG's rulebook, scoring format, and event structure for the Indian market.
• Formula Student UK (IMechE): Run by the Institution of Mechanical Engineers, Formula Student UK is one of the largest European Formula Student events. It shares the same competition format, evaluation categories, and engineering-design focus as Formula Bharat.
• BAJA SAE India: BAJA SAE India is an SAE India-organized student ATV/off-road vehicle design competition that, like Formula Bharat, runs in India and draws from the same engineering student talent pool. It is the closest direct competitor for sponsors and student attention within India.
• eBAJA SAE India: eBAJA SAE India is the electric-variant counterpart to BAJA SAE India, focused on electric ATV design. It overlaps directly with Formula Bharat's EVDP and EV Safety Training programs in addressing EV-ready student engineers.

Broad incumbents

• SAE India: SAE India is the Indian arm of SAE International and organizes multiple student competitions including BAJA, eBAJA, and EFFI Cycle. It represents a broader incumbent alternative to Formula Bharat for institutional engineering competitions in India.
• SAE International (Formula SAE): SAE International is the originator and global governing body of the Formula Student / Formula SAE series, operating competitions across multiple continents. It is the most directly comparable organization as Formula Bharat is the sanctioned South Asia affiliate of the Formula Student ecosystem.
• Shell Eco-marathon: Shell Eco-marathon is a global student competition focused on ultra-energy-efficient vehicles, operated by a major oil & gas company. It competes with Formula Bharat for the same student engineering demographic and corporate sponsorships.

Regional players

• Formula Student Spain (FSS): Formula Student Spain is a regional Formula Student competition operating in the Spanish market with the same rulebook format. It is comparable as a geographically-isolated Formula Student affiliate, useful as a benchmark for regional competition operations.

Emerging players

• ISIE India: Imperial Society of Innovative Engineers (ISIE) India runs multiple student engineering competitions and EV-related events in India. It competes with Formula Bharat for student participation and industry sponsorships in the EV education space.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/@FormulaBharat
• Facebookfacebook.com/formulabharat
• LinkedInlinkedin.com/company/formula-bharat
• Instagraminstagram.com/formulabharat
• Xx.com/formulabharat

Revenue estimate

Valuation estimate

Number of profiles

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 Formula Bharat