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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.
Lotus Cars is a British manufacturer of sports and racing cars, famous for its Esprit, Elan, Europa and Elise sports cars and for the highly successful Team Lotus in Formula One.Lotus Cars is based at the former site of RAF Hethel, a World War II airfield in Norfolk. Lotus Formula One car driven by Stirling Moss won the marque's first Grand Prix in 1960 at Monaco. Moss drove a Lotus 18 entered by privateer Rob Walker. Major success came in 1963 with the Lotus 25, which â with Jim Clark driving â won Team Lotus its first F1 World Constructors Championship.