Race Up Team

What Race Up Team does

Race Up Team is the official Formula SAE racing team of the Università degli Studi di Padova (University of Padova), operating from the Dipartimento di Ingegneria Industriale (Department of Industrial Engineering) at Via Venezia, 1 in Padova, Italy. Founded in 2007 as a student-run organization under faculty oversight from Prof. Giovanni Meneghetti (Professor of Machine Design), the team designs, builds, and races formula-style prototype vehicles across two technical divisions. The Hybrid Division develops the MG20.25H, launched for the 2025/2026 season after 18 years of combustion-only competition and integrating a hybrid traction system that combines a traditional internal-combustion engine with electric propulsion. The Electric Division develops the SGe-08 ("Anthea"), the team's eighth-generation battery-electric vehicle and the first to feature onboard autonomous driving capability, enabling operation both with a human pilot and in fully autonomous mode.

Technical scope spans powertrain design, embedded control systems, power electronics, composite structures, and (on the electric platform) autonomous-system integration. Vehicles are engineered to Formula SAE regulations and compete internationally at circuits including Hockenheim Ring, RedBull Ring, Silverstone, and Hungaroring, with static and dynamic judging plus a business-plan deliverable reflecting the multidisciplinary engineering scope. The 2023 season produced first-place finishes at FSAE Italy and FS East, the team's headline competitive results.

Race Up Team is structurally a non-commercial, educationally oriented organization whose sole revenue mechanism is corporate sponsorship and university institutional support. Sponsors — OZ, Unox, Compositex, Inarca, Infineon, HRK, and Novation Tech — provide cash and in-kind components (wheels, composites, industrial parts, semiconductors and electronics, software/embedded support). The University of Padova provides facilities, faculty mentorship, and student pipeline access. There is no commercial product pricing, no paying customer base beyond sponsors, and no disclosed revenue figures; the team's "output customers" are its student participants, for whom the team functions as a hands-on engineering training and professional-development platform.

Name

Race Up Team

Legal name

Race Up Team

Website

https://raceup.it

Company type

Private

Founded year

2007

Operating status

Operating

Short description

Race Up Team is the official Formula SAE racing team of the University of Padova, designing and racing hybrid (MG20.25H) and electric (SGe-08 "Anthea") prototypes with onboard autonomous driving. The student-run team competes across European circuits, funded by corporate sponsors and university support.

Ownership category

akta.pro rank

Product category

Motorsport Racing Vehicles

NAICS

Sports Teams and Clubs (711211)

SIC

Services-Racing, Including Track Operation (7948)

akta.pro primary industry

Motorsports Teams & Entrants (Factory & Independent) (MPAKAGAB)

akta.pro secondary industry

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

Keywords

• Formula student racing
• Hybrid race cars
• Electric race cars
• Autonomous driving vehicles
• Motorsport engineering

Headquarters

HQ city

San Martino Di Lupari

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Sponsorship Revenue: The team operates primarily through corporate sponsorships, with sponsors including OZ, Unox, Compositex, Inarca, Infineon, Hrk, and Novation Tech. Revenue supports vehicle development, competition participation, and team operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Race Up Team is the official Formula SAE racing team of the University of Padova. The team designs, builds, and races two competition prototypes: the MG20.25H hybrid race car combining internal combustion with electric traction, and the SGe-08 (Anthea) fully electric race car equipped with onboard autonomous driving capability. The team operates through two divisions (Hybrid and Electric) and participates in international Formula SAE competitions across European circuits such as Hockenheim, RedBull Ring, Silverstone, and Hungaroring.

Product overview

Race UP Team is the official racing team of the University of Padova, competing in Formula SAE competitions. The team operates two divisions: the Hybrid Division builds the MG20.25H prototype combining internal combustion with hybrid technology, and the Electric Division develops the SGe-08 (Anthea), the team's eighth electric prototype and first with autonomous driving capability. Both vehicles are designed for formula-style racing competitions including FSAE Italy and FS East.

Differentiator

Problem solved

Functional benefit

Brands

• Hybrid Division: The division focused on hybrid vehicle development combining internal combustion engines with electric traction systems
• Electric Division

Products and services

• MG20.25H Hybrid Race Car A Formula SAE hybrid competition prototype that integrates an internal combustion engine with an electric traction system, representing an evolution of the team's 18-year combustion heritage toward sustainable motorsport without sacrificing traditional engine sound. Developed by the Hybrid Division for Formula SAE competitions.
• SGe-08 (Anthea) Electric Race Car Eighth iteration of the team's fully electric Formula SAE prototype, featuring onboard autonomous driving capability that allows the vehicle to operate both with a pilot and autonomously. Developed by the Electric Division, refining know-how inherited from previous electric vehicles.

Quantifiable outcome

• Winners of FSAE Italy 2023 and FS EAST 2023 competitions

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• University of PadovaflagshipStrategic or Co-development PartnerThe official university racing team of the University of Padova, operating within the Dipartimento di Ingegneria Industriale. The university provides institutional support, faculty mentorship (Prof. Giovanni Meneghetti as Faculty Advisor), facilities, and access to engineering expertise.
• OZcoreOthersWheel sponsor providing components for the race vehicles.
• UnoxcoreOthersCorporate sponsor supporting team operations and vehicle development.
• CompositexcoreOthersSponsor providing composite materials expertise and components for vehicle construction.
• InarcacoreOthersSponsor providing industrial components and technical support.
• InfineoncoreTechnology or IntegrationTechnology sponsor providing semiconductor and electronics components critical for vehicle control systems, sensors, and power electronics in both hybrid and electric vehicles.
• HrkminorOthersSupporting sponsor for team operations.
• Novation TechcoreTechnology or IntegrationTechnology sponsor providing technical expertise and components for vehicle development, likely in electronics or software systems.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• AMZ (ETH Zurich): Formula Student team of ETH Zurich; among the most successful European Formula Student entrants, building both combustion and electric prototypes — directly comparable to Race Up's hybrid/electric, dual-division model within a leading European technical university.
• FaSTTUBe (TU Braunschweig): Formula Student team of TU Braunschweig with a strong focus on electric and autonomous racing; directly comparable as a German-university FS entrant investing in driverless capability.
• KA-RaceIng (KIT Karlsruhe): Formula Student team of Karlsruhe Institute of Technology, with established combustion and electric divisions competing across the European FS calendar — the same operating model Race Up follows, scaled across multiple platforms.
• TUFast (TU Munich): Formula Student team of TU Munich, building electric and driverless race cars; directly comparable to Race Up's electric-and-autonomous SGe-08 program at another top-tier European technical university.
• Formula Student Team Delft: Formula Student team of TU Delft; one of the highest-performing Dutch entries with a strong electric and driverless record — directly comparable to Race Up's autonomous vehicle development track.

Regional players

• UniBO Motorsport (University of Bologna): Formula Student team of the University of Bologna; another Italian technical-university entrant operating combustion and electric cars in the same European Formula Student competitions.
• Dynamis PRC (Politecnico di Torino): Formula Student team of Politecnico di Torino, Italy's top technical university; competes in the same FSAE events (including FSAE Italy) as Race Up, making it the closest Italian peer from a competing institution.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/race-up-team
• Instagraminstagram.com/race_up_team

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Race Up Team