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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.
Team Lotus was the motorsport sister company of English sports car manufacturer Lotus Cars. The team ran cars in many motorsport series, including Formula One, Formula Two, Formula Ford, Formula Junior, IndyCar and sports car racing.his article is about the 1954â1994 motorsport team. For the team that raced as Pacific Team Lotus in 1995, see Pacific Racing. For the team which competed as Lotus Racing in 2010, and Team Lotus in 2011, see Team Lotus (2010â11) . For the team that is sponsored by Lotus Cars and began competing in 2012, see Lotus F1.