HVM Racing
HVM Racing is a privately held IndyCar racing team based in Indianapolis that competes in the IndyCar Series on the Dallara DW12 chassis platform, generating revenue through corporate sponsorships (notably nuclear-energy firms), race-day hospitality packages, and prize money, with field expansions supported by an Andretti Autosport partnership.
- Company typePrivate
- Founded2000
- HeadquartersIndianapolis, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What HVM Racing does
HVM Racing, LLC is a privately held professional motorsport team headquartered in Indianapolis, Indiana, competing in the IndyCar Series. The team operates IndyCar entries on the spec-regulated Dallara DW12 chassis platform with Honda (and historically Lotus) 2.2-liter twin-turbo V6 engines producing approximately 650 horsepower, fielding cars under multiple liveries including the Nuclear Clean Air Energy #78 car and the Cinsay Honda #34 entry. Founded by owner Keith Wiggins — one of only two individuals to have owned both a Formula One team and an IndyCar team — the team has competed since 2001 under various banners (Herdez Competition, CTE Racing, Minardi Team USA, Lotus HVM Racing) and accumulated six victories, three pole positions, 22 podiums, and 104 top-ten finishes across Champ Car and IndyCar competition.
The team's core technology consists of spec-series racing hardware (chassis, safety systems, paddle-shift transmissions, fuel cells) rather than proprietary platforms. Since 2013, HVM has partnered with Andretti Autosport for additional IndyCar entries (entered as Andretti-HVM Racing), and in late 2012 expanded into endurance racing via a partnership with Status GP for a Le Mans 24 Hours entry. The team has established academic engineering collaborations with Purdue University and UNC Charlotte Motorsports Engineering.
HVM Racing's revenue model centers on corporate sponsorship (primary), corporate and individual hospitality packages priced $195-$1,750 per person for the Indianapolis 500 and other races, and race prize money. The team is heavily concentrated in the nuclear energy vertical, with Entergy Nuclear, AREVA, Nuclear Energy Institute, Holtec, Rev1, and Wachs Technical Services all sponsoring the Nuclear Clean Air Energy educational campaign. Other notable sponsors have included Cinsay (technology), Lotus (automotive), and TDS Telecommunications.
HVM Racing firmographics
Firmographics- Name
- HVM Racing
- Legal name
- HVM Racing, LLC
- Website
- https://hvmracing.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- HVM Racing is a privately held IndyCar racing team based in Indianapolis that competes in the IndyCar Series on the Dallara DW12 chassis platform, generating revenue through corporate sponsorships (notably nuclear-energy firms), race-day hospitality packages, and prize money, with field expansions supported by an Andretti Autosport partnership.
- Ownership category
- akta.pro rank
HVM Racing industry classification
Industry- Product category
- Professional Motorsports Racing
- NAICS
- Sports Teams and Clubs (711211), Spectator Sports (71121)
- SIC
- Services-Racing, Including Track Operation (7948)
- akta.pro primary industry
- Motorsports Teams (F1, NASCAR, IndyCar, Rally, MotoGP, etc.) (MPAKABAB)
- akta.pro secondary industry
- Motorsports Teams & Entrants (Factory & Independent) (MPAKAGAB)
Keywords
Where HVM Racing is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
HVM Racing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Corporate Sponsorship: Primary revenue stream from corporate sponsors who pay for car liveries, branding exposure during races, and marketing activations. Sponsors include Cinsay, Entergy Nuclear, AREVA, Nuclear Energy Institute, and others in the nuclear energy sector.
- Hospitality Services: Corporate and individual hospitality packages for race events, particularly the Indianapolis 500, offering VIP access, pit tours, grid walks, and team hospitality areas. Pricing ranges from $195 to $1,750 per person.
- Racing Prize Money: Revenue from race finishes, podium positions, and championship points earnings in IndyCar Series competitions.
- Partnership with Andretti Autosport: Joint entries with Andretti Autosport where HVM Racing provides additional IndyCar entries, sharing resources and revenue from combined sponsorship packages.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Indy 500 Experience packages for corporate and individual bookings |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
HVM Racing product offering
Product offeringCore offering
HVM Racing is a professional IndyCar racing team that fields sponsored car entries in the IZOD IndyCar Series, providing corporate sponsors with car livery branding, hospitality activations, and marketing exposure at races such as the Indianapolis 500. The team also sells premium hospitality packages to corporate clients and individuals for race-day experiences including pit tours, grid walks, and team hospitality access.
Product overview
HVM Racing is a professional motorsports racing team competing in the IndyCar Series. The team offers racing competition services, corporate hospitality experiences (including Indy 500 insider programs), and high-performance marketing partnerships. The team operates as a single unified racing organization with no modular software products, platforms, or APIs. Key team entries have included the Nuclear Clean Air Energy car (#78), Cinsay Honda entry (#34), and various sponsored car liveries (Entergy, Stargate Worlds, Minardi Team USA, CTE Racing, Herdez Competition). The team is owned by Keith Wiggins and is based in Indianapolis, Indiana.
Differentiator
Problem solved
Functional benefit
Products and services
- IndyCar Series Race Competition (Nuclear Clean Air Energy #78, Cinsay #34, and related entries)
- Indy 500 Hospitality Experience Packages
- Corporate Sponsorship Programs
Quantifiable outcome
- HVM Racing achieved 3rd place at 2014 Pocono IndyCar 500 with Carlos Munoz
- +2 more outcomes
Companies that use HVM Racing
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
HVM Racing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
HVM Racing partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Andretti AutosportcoreHVM Racing joined forces with Andretti Autosport for IndyCar entries, with entries entered as Andretti-HVM Racing. The partnership allows HVM to compete with additional car entries while leveraging Andretti's established infrastructure and resources.
- Status GPcorePartnership with Status GP, a team based in Silverstone UK, to enter the Le Mans 24 Hour race in France as part of the World Endurance Sports Car Championship with LMP2 Lola/Judd.
- UNC Charlotte Motorsports EngineeringminorAcademic partnership where UNC Charlotte engineering students created 3D computer models of the #78 IndyCar as a senior design project. Collaboration with HVM Racing and sponsor AREVA.
- AREVAcoreNuclear energy giant joins Nuclear Clean Air Energy campaign as sponsor of #78 Nuclear Clean Air Energy IndyCar. Ranked first in global nuclear energy industry, extending participation from inaugural Baltimore Grand Prix.
- Nuclear Energy InstituteminorJoined the Nuclear Clean Air Energy educational campaign utilizing driver Simona De Silvestro. NEI is the policy organization for the nuclear technologies industry in the United States.
- TDS Telecommunications Corp.minorOfficial communications partner of Lotus HVM Racing for third consecutive year. TDS logo appears on the #78 car and throughout the 2012 racing season.
- Sir Speedy MonroviaminorLocally owned printing and marketing services franchise partnering as team's Official Provider of Printing and Marketing Services for remainder of 2012 season.
- Living Classrooms FoundationminorBaltimore-Washington based non-profit educational organization. HVM Racing and partners raised funds for the foundation during the 2012 season launch event.
- LotuscorePartnership with British sports car manufacturer Lotus for 2012 IZOD IndyCar Series. HVM Racing competed under the name Lotus HVM Racing with Lotus 2.2-liter twin-turbo V6 engines. Technical collaboration on engine development and chassis setup.
- Entergy NuclearcoreLong-term sponsor with Nuclear Clean Air Energy campaign. Entergy is the second largest producer of nuclear electricity in the U.S. Sponsorship includes car branding, hospitality experiences, and educational initiatives about nuclear energy.
- HoltecminorNuclear energy technology company sponsoring the Nuclear Clean Air Energy campaign with HVM Racing.
- Rev1minorTechnical services company partnering with Lotus HVM Racing for the Nuclear Clean Air Energy initiative.
- Wachs Technical ServicesminorTechnical services company supporting HVM Racing team operations and Nuclear Clean Air Energy sponsorship.
Scale indicators7 records
Recent moves1 record
Expansion highlights4 records
HVM Racing competitors and assessment
Company assessmentDirect peers
- Schmidt Peterson Motorsports: Mid-size IndyCar team that competes with similar corporate sponsorship program and driver development focus.
- Status GP: UK-based endurance racing team with which HVM partnered to enter the Le Mans 24 Hours in the FIA WEC with LMP2 machinery — directly comparable multi-series motorsports team partnership.
- Rahal Letterman Lanigan Racing: Mid-size IndyCar team with similar corporate sponsorship partnerships, hospitality programs, and race-by-race prize-money economics.
- Andretti Autosport: Multi-car IndyCar team that is HVM's primary alliance partner (entered as Andretti-HVM Racing); competes in the same IndyCar Series with corporate sponsorships, hospitalities, and prize-money revenue model.
- AJ Foyt Racing: Long-running IndyCar team with similar private ownership structure, sponsorship-led GTM, and Indy 500 hospitality business.
- Team Penske: Largest and most successful IndyCar team operator; competes in the same IndyCar Series races with the same spec chassis/engine and similar sponsorship-driven revenue model.
- Dreyer & Reinbold Racing: Smaller independent IndyCar team with similar private ownership, Indianapolis base, and Indy 500-focused sponsorship and hospitality offerings.
- Chip Ganassi Racing: Top-tier multi-car IndyCar team operating with the same corporate sponsorship and prize money model on the IndyCar Series calendar.
- Ed Carpenter Racing: Independent Indianapolis-based IndyCar team comparable in scale and city, with sponsorship- and Indy 500-focused enterprise model.
- Dale Coyne Racing: Independent small-to-mid-scale IndyCar team with comparable headcount, single-car/small multi-car entries, and sponsorship-driven enterprise sales motion.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
HVM Racing social profiles
Digital presenceHVM Racing financial estimates
Financial estimateRevenue estimate
Valuation estimate
HVM Racing leadership team
Management profileNumber of profiles
Profiles7 records
HVM Racing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HVM Racing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HVM Racing
What does HVM Racing do?
HVM Racing is a professional IndyCar racing team that fields sponsored car entries in the IZOD IndyCar Series, providing corporate sponsors with car livery branding, hospitality activations, and marketing exposure at races such as the Indianapolis 500. The team also sells premium hospitality packages to corporate clients and individuals for race-day experiences including pit tours, grid walks, and team hospitality access.
Is HVM Racing a public or private company?
HVM Racing is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was HVM Racing founded?
HVM Racing was founded in 2000. It employs 11 to 50 people.
Where is HVM Racing based?
HVM Racing is headquartered in Indianapolis, United States, in the North America region.
How does HVM Racing make money?
Four revenue lines are on record. Corporate Sponsorship is the primary driver. The others are hospitality Services, racing Prize Money and partnership with Andretti Autosport.
Who are HVM Racing's main competitors?
Direct peers on record are Schmidt Peterson Motorsports, Status GP, Rahal Letterman Lanigan Racing, Andretti Autosport, AJ Foyt Racing, Team Penske, Dreyer & Reinbold Racing, Chip Ganassi Racing, Ed Carpenter Racing and Dale Coyne Racing.
Does HVM Racing have an API?
No public API is recorded for HVM Racing.
What industry is HVM Racing in?
HVM Racing's product category is Professional Motorsports Racing. Its primary akta.pro industry code is MPAKABAB, Motorsports Teams (F1, NASCAR, IndyCar, Rally, MotoGP, etc.), with a secondary code of MPAKAGAB, Motorsports Teams & Entrants (Factory & Independent). Its NAICS code is 711211 and its SIC code is 7948.