Overview

• SKM Capital, led by Saad Kassis-Mohamed, unveiled a plan to revive the Caterham name for a prospective 2027 Formula 1 entry operating as SKM Racing.
• Funding of €280 million has been earmarked, with a technical centre established in Silverstone and a racing department based in Munich.
• The program targets submitting complete FIA entry documents at the start of 2026 and producing its first chassis by the third quarter of 2026, with any 2027 debut subject to FIA and Formula One Management approval.
• Discussions are underway with current power unit suppliers for a multi-year deal, with reporting pointing to Ferrari or Honda as the realistic options due to customer limits elsewhere.
• Early appointments include Elena Richter as managing director plus leads for technology, performance and finance, with staffing expected to grow from around 210–230 at launch to about 320 by year three.