PHM Racing has re-branded itself into ‘PHM AIX Racing’ after new investment as they gear up with new livery in 2024 F2 and F3 championships.

PHM Racing was founded by Paul Müller at the end of 2021 and competed in three different Formula 4 Championships in 2022. Taylor Barnard took the team’s first victory in the F4UAE 2022 in just the fourth race of the team’s history. This was followed by further victories and the runner-up spot in the ADAC F4 team classification in 2022.

In 2023 PHM Racing entered three new championships. The first was the FRMEC, in which the team achieved 4 victories, as well as a historic 1 – 2 – 3 result in Dubai. PHM Racing also finished runner-up in the first Formula Regional Championship. Another big milestone in 2023 was the takeover of the Formula 2 and Formula 3 entries from Charouz Racing System. PHM Racing has succeeded in having the first female driver to score points in the FIA F3 Championship with Sophia Flörsch.

2024 heralds a new era in the team’s history. The AIX Investment Group becomes a joint partner of PHM Racing and the team’s name changes to PHM AIX Racing. Everyone in the team is looking forward to an intensive collaboration and an even more successful future together.

Paul Müller, PHM Racing Founder: “I am excited to partner with AIX to take PHM AIX Racing to it’s goal of being the best open wheel feeder racing team, winning races and championships from F4 all the way to F2. When I first met the AIX team it was immediately clear to me that they share my passion for motorsport and my vision for what our team could achieve.

“Their love for the sport combined with the new partnership will allow us to accelerate our journey to victory. Not only with funding, but also with world class advisors. I expect their contribution to show not only in our striking new livery but also in results already in 2024.”

Morne Reinecke, Director of AIX Strategic Partnerships: “PHM AIX Racing exemplifies our relentless pursuit of excellence and constant strategic innovation, this partnership provides a powerful platform on the Global stage to showcase our shared dedication to pushing boundaries and driving positive and sustainable change, both in motorsport and beyond.”

[Note: The story is as per press release]