Formula NEXT Group

Formula NEXT Group are the owners, promoters, and acting holding company of the Lucas Oil FIA Formula NEXT World Championship. Founded in 2014 by Jason Coughlan, with funding from the, in order to fulfil a FIA tender to create a transitional series for future Formula One competitors, Formula NEXT Group has overseen and promoted every edition of the Formula NEXT World Championship. In their role as promoters for the Formula NEXT World Championship, Formula NEXT Group are responsible for negotiating and arranging the calendar, shipping and media coverage of the series.

Formula NEXT Group is incorporated in the and has it's corporate headquarters in, , United States. Investors include the Abu Dhabi Investment Authority, Latikuu Edacra and.

History
Formula NEXT Group was founded on July 3, 2014, shortly before winning the tender to organise Formula NEXT. Founder, CEO and chairman Jason Coughlan immediately set about securing a source of cars and other equipment for the series, signing a deal with.

The group's headquarters were originally located in, at. Most teams were based at the venue, and Yas Marina Circuit hosted several pre-season test dates before each season, some of which were open to spectators. In the run-up to the 2019-20 season, the series moved their headquarters to, , United States and switched their pre-season test venue to in.

Formula NEXT
Acting as the promoters of the new FIA Formula NEXT Championship, Formula NEXT Group, having secured a deal for equipment, began arranging both a calendar and a number of sponsors for the series, with hopes of hosting its first race in 2016. The first sponsorship deal came with signing on as the series' official time keeper, while  and  became technical partners. The first Dallara NXT01 completed testing towards the end of 2015, with the first examples delivered to Formula NEXT Group at their operations headquarters at  in August.

Debut season
After a full race simulation all 43 NXT01 cars were shipped to, for the first ever Sapporo NEXT Grand Prix, which was staged on 10 September 2016. In the build up to the debut race, which was won by Lasse Baardseth, Formula NEXT Group secured deals with Theorysonic,, and T2 for cross-promotion.