Team Veloqx expressed their desire to return to racing at Le Mans by 2025 with a hypercar, powered by biofuel and bearing the Fangio name after a 20-year absence from motorsports.
Founder Sam Li unveiled plans for producing a hypercar, to be known as Veloqx Fangio Hypercar, which will be powered by an engine capable of running on multiple biofuels.
“We want to use endurance racing and the platform provided by the Automobile Club de l’Ouest to validate this technology,” Li explained to Motorsport.com.
“We want to have multiple teams running our LMH against each other on a variety of fuels. We believe that different oil companies in different jurisdictions will have different solutions for a zero-emissions fuel format.”
Team Veloqx last ran in 2004 with a pair of Audi R8 LMP1 prototypes, which won in the 12 Hours of Sebring and came second in the 24 Hours of Le Mans in a successful campaign.
Despite the WEC extending its deal with TotalEnergies for an exclusive supply of fuel for another three seasons, Li did not rule out a return to Le Mans earlier than 2025, racing on Total fuel.
“I’ve worked with a manufacturer and been successful, but I wanted to grow the company to the point where I could have more added value technically when I came back,” Li added.
“I am now committed to trying to win Le Mans under the Veloqx name.”