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Lotus F1 Team is a British Formula One racing team. The team has competed under the Lotus name since 2012, following the renaming of the former Renault team based at Enstone in Oxfordshire.Lotus F1 Team is owned by Luxembourg-based venture capital group Genii Capital.Lotus F1 Team is named after its branding partner Group Lotus. The team achieved a race victory and fourth position in the Formula One Constructors' World Championship in their first season under the Lotus title.ince 2011, Lotus Cars became involved with the team and the team was renamed, first to  Lotus Renault GP  for 2011 season, and then to Lotus F1 Team for 2012 season.
Genii was previously the 100 per cent owner of Lotus, but it did sell a two per cent stake to investor Andrew Ruhan at the start of last year.Ruhan is now co-chairman of the team and works alongside new team principal Gerard Lopez, the founding partner of Genii.enii was previously the 100 per cent owner of Lotus, but it did sell a two per cent stake to investor Andrew Ruhan at the start of last year.