DAMS Lucas Oil
DAMS Lucas Oil is a privately held French motorsport racing team founded in 1988, competing in the FIA Formula 2 and Formula 3 Championships to develop young drivers for the Formula 1 ladder under the ownership of former F1 driver Charles Pic.
- Company typePrivate
- Founded1988
- HeadquartersRuaudin, France
- Headcount51–100
- GTM typeB2B
- OfferingServices
What DAMS Lucas Oil does
DAMS Lucas Oil is a privately held French motorsport racing team founded in 1988 by Jean-Paul Driot, headquartered in Ruaudin, France, and currently owned by former Formula 1 driver Charles Pic, who acquired the team in 2022 from the Driot family. The team's core operations are participation in the FIA Formula 2 Championship and, from 2025, the FIA Formula 3 Championship, with a stated focus on developing young drivers through a structured F3-to-F2-to-F1 pathway. Its business model is sponsorship-driven: title sponsorship from Lucas Oil (formalized in January 2024 with the rebrand from DAMS to DAMS Lucas Oil) anchors the commercial base, supplemented by a portfolio of supporting partners including OMP (equipment), Milwaukee Tool, Errea (apparel), 8JS (travel kit), and watch collaborations with Depancel and B.R.M Chronographes.
The team's underlying capability is motorsport engineering, race operations, and driver development rather than a packaged technology product. Across 35+ years the team has accumulated 15 Drivers' titles, 16 Teams' titles, and 173 victories across 10 single-seater series, with 33 alumni progressing to Formula 1 including active drivers Pierre Gasly, Alexander Albon, Carlos Sainz, and Kevin Magnussen. Ancillary service lines include car restoration services and premium F2/F3 showcase experience packages distributed through F1 Experiences. Revenue is contracted through sponsorship agreements and championship participation rather than publicly disclosed pricing, and the team operates as a private corporation with no institutional or PE investment evidenced.
In the 2026 season the team is actively competing in both championships, fielding drivers Dino Beganovic and Roman Bilinski in F2 and fielding a parallel F3 entry, with race events completed in Melbourne, Miami, and Montreal. The organization employs 96 people and markets primarily through organic social channels (Facebook, Instagram, X) and email newsletters, with global operational reach tied to the FIA F1 support series calendar.
DAMS Lucas Oil firmographics
Firmographics- Name
- DAMS Lucas Oil
- Legal name
- DAMS Lucas Oil
- Website
- https://damslucasoil.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- DAMS Lucas Oil is a privately held French motorsport racing team founded in 1988, competing in the FIA Formula 2 and Formula 3 Championships to develop young drivers for the Formula 1 ladder under the ownership of former F1 driver Charles Pic.
- Ownership category
- akta.pro rank
DAMS Lucas Oil industry classification
Industry- Product category
- Professional Motorsport Racing Team Services
- 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 Support & Feeder Series (Developmental Championships) (MPAKAGAH)
Keywords
Where DAMS Lucas Oil is headquartered
LocationHeadquarters
- HQ city
- Ruaudin
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
DAMS Lucas Oil business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Distribution channels1 record
Marketing channels4 records
DAMS Lucas Oil product offering
Product offeringCore offering
DAMS Lucas Oil operates a professional motorsport racing team that competes in the FIA Formula 2 Championship and the FIA Formula 3 Championship. The team fields race cars for contracted drivers, provides technical and engineering support, and runs a structured driver development pathway designed to prepare young racing talent for progression to Formula 1. Additional commercial offerings include classic car restoration and premium fan experience packages delivered via a partnership with F1 Experiences.
Product overview
DAMS Lucas Oil is a motorsport racing team competing in the FIA Formula 2 Championship (as the main platform) and the FIA Formula 3 Championship (starting 2025), offering a unified driver development pathway from F3 to F2 to Formula 1. The team operates a comprehensive driver development program with the goal of progressing racers to professional Formula 1 careers. Additional services include car restoration and F2/F3 showcase experience packages through F1 Experiences.
Differentiator
Problem solved
Functional benefit
Products and services
- FIA Formula 2 Championship Participation
- FIA Formula 3 Championship Participation
- Classic Car Restoration Services
- F2 and F3 Showcase Experience Packages
Quantifiable outcome
- 33 drivers progressed to Formula 1 or professional racing careers
Companies that use DAMS Lucas Oil
Customer profileSegments1 record
Ideal customer profiles3 records
DAMS Lucas Oil technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DAMS Lucas Oil partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered supporting and core.
- B.R.M ChronographessupportingFrench watch and accessory brand partnership for co-branded timepieces and accessories.
- Racing Force GroupcoreTechnical partnership for racing equipment and safety gear, with OMP supplying team equipment including race overalls.
- OMPcoreOMP supplies racing equipment including race suits, safety gear, and team apparel. Racing Force Group company providing equipment to the team.
- Milwaukee ToolsupportingTool and equipment supplier for the team's technical and engineering operations.
- 8JSsupportingFrench fashion label that serves as the team's official travel kit supplier since 2024.
- ErreasupportingSports apparel and team clothing supplier.
- DepancelsupportingWatchmaker partnership creating exclusive timepieces inspired by motorsport and high-level competition.
Scale indicators5 records
Recent moves2 records
Expansion highlights4 records
DAMS Lucas Oil competitors and assessment
Company assessmentDirect peers
- Charouz Racing System: Charouz Racing System has competed in FIA F2 and F3 as an independent team, sharing the same championship grids and feeder-series business model as DAMS Lucas Oil, including sponsorship-driven entries and driver development.
- Jenzer Motorsport: Jenzer Motorsport is a Swiss-based team competing primarily in FIA Formula 3, with a comparable size and operating model to DAMS Lucas Oil's F3 entry. It is comparable as a feeder-series team focused on developing young drivers.
- Prema Racing: Prema Racing is one of the most successful and established teams in FIA Formula 2 and Formula 3, fielding entries in both championships. It mirrors DAMS Lucas Oil's role as a top F1 feeder series outfit with a strong track record of placing drivers into Formula 1.
- Campos Racing: Campos Racing fields entries in FIA Formula 2 and Formula 3, serving as a feeder-series team with a similar revenue model anchored by sponsorships and driver programmes. It competes directly against DAMS Lucas Oil in both series.
- MP Motorsport: MP Motorsport runs entries in FIA F2 and F3 and is part of the same championship grids as DAMS Lucas Oil, with a comparable team size and sponsorship-driven model. It is one of the established independent teams operating in the F1 feeder series.
- Rodin Motorsport (formerly Carlin): Rodin Motorsport, which absorbed Carlin's F2/F3 operations, fields entries in FIA F2 and F3. It is a directly comparable independent feeder-series team focused on driver development with a similar sponsorship structure.
- Trident Motorsport: Trident is a long-running FIA Formula 2 and Formula 3 team, operating with similar business model (sponsorship-funded entries, driver placement focus). It competes head-to-head with DAMS in both F2 and F3, making it a direct peer.
- Van Amersfoort Racing: Van Amersfoort Racing operates in FIA F2 and F3 with a strong reputation for young-driver development, comparable in scope and business model to DAMS Lucas Oil's feeder-series operations across both championships.
- Hitech Grand Prix: Hitech Grand Prix competes in FIA F2 and F3 with a strong focus on driver development and placement into F1. It operates the same core business model (slot-based entries, sponsorship-funded), making it a close peer.
- ART Grand Prix: ART Grand Prix competes in FIA F2 and F3 and is a longstanding rival of DAMS in the junior single-seater ladder, with a comparable driver development ethos and multiple championships. It is one of the most direct comparables in the feeder-series team peer set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
DAMS Lucas Oil social profiles
Digital presenceDAMS Lucas Oil financial estimates
Financial estimateRevenue estimate
Valuation estimate
DAMS Lucas Oil leadership team
Management profileNumber of profiles
Profiles1 record
DAMS Lucas Oil funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DAMS Lucas Oil 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 DAMS Lucas Oil
What does DAMS Lucas Oil do?
DAMS Lucas Oil operates a professional motorsport racing team that competes in the FIA Formula 2 Championship and the FIA Formula 3 Championship. The team fields race cars for contracted drivers, provides technical and engineering support, and runs a structured driver development pathway designed to prepare young racing talent for progression to Formula 1. Additional commercial offerings include classic car restoration and premium fan experience packages delivered via a partnership with F1 Experiences.
Is DAMS Lucas Oil a public or private company?
DAMS Lucas Oil is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DAMS Lucas Oil founded?
DAMS Lucas Oil was founded in 1988. It employs 51 to 100 people.
Where is DAMS Lucas Oil based?
DAMS Lucas Oil is headquartered in Ruaudin, France, in the Europe region.
Who are DAMS Lucas Oil's main competitors?
Direct peers on record are Charouz Racing System, Jenzer Motorsport, Prema Racing, Campos Racing, MP Motorsport, Rodin Motorsport (formerly Carlin), Trident Motorsport, Van Amersfoort Racing, Hitech Grand Prix and ART Grand Prix.
Does DAMS Lucas Oil have an API?
No public API is recorded for DAMS Lucas Oil.
What industry is DAMS Lucas Oil in?
DAMS Lucas Oil's product category is Professional Motorsport Racing Team Services. Its primary akta.pro industry code is MPAKABAB, Motorsports Teams (F1, NASCAR, IndyCar, Rally, MotoGP, etc.), with a secondary code of MPAKAGAH, Motorsports Support & Feeder Series (Developmental Championships). Its SIC code is 7948.