PHM Racing has confirmed that it will take over the Charouz Racing System operations in the FIA Formula 2 and Formula 3 Championships from 2023.
Founded in 2021 by Paul H. Müller, PHM Racing competed in the UAE, German and Italian Formula 4 Championships last year.
The team will be operated by Charouz Racing System, and will race under the PHM Racing by Charouz name.
“I would like to welcome to PHM Racing to Formula 2 and Formula 3,” said F2 and F3 CEO Bruno Michel. “Although they are a young team, they are eager to prove they have what it takes to embrace the challenges of our championships.
“I would also like to thank Toni Charouz and everyone at Charouz Racing System. Toni has been a great partner throughout the years and Charouz Racing have been valued members of our paddock since 2018.
“They will operate PHM Racing in both categories next season, so the Charouz name will remain on the grid in some capacity for another year.”
Charouz ended the 2022 F3 season 10th in the Constructors’ Championship, scoring a solitary point across the campaign.
Paul H. Mueller, owner of PHM Racing added: “Joining Formula 3 and Formula 2 is the next step in our evolution as a comprehensive development program for young driver talents.
“We are excited to offer drivers a team that can take them from karting all the way to the doorstep of Formula 1.”
PHM Racing is the second new team in two years in the F2 and F3 categories, after Van Amersfoort Racing joined the grids this year.
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