Andretti Global Announces Plans to Build Racing and Technology Headquarters in Fishers, Indiana

Andretti Global, the parent company of Andretti
Autosport, has announced today that the team has chosen Fishers, Indiana, to be
the future home of its universal motorsports headquarters. The team intends to
build a 575,000 square-foot facility that will occupy approximately 90-acres
alongside the up-and-coming Nickel Plate Trail, the Ritchey Woods Nature
Preserve and near the Indianapolis Metropolitan Airport. The new global
headquarters would add up to 500 jobs to the local community by early 2026.

“Indiana holds an important place in the history of
racing, and in my career as a driver and an owner; I’m happy to confirm that
the Racing Capital of the World will continue to be the home of our global
racing efforts for a long time to come,” said Andretti Global Chairman and CEO
Michael Andretti. “We’re excited about our plans for the new campus and looking
forward to becoming a part of the Fishers community.

“Over the past 20 years, I’ve worked to expand our
operations and I’m proud of our steps to create a diverse racing portfolio. Our
current facility has served us well. Our team has expanded in both competition
and commercial areas and our people deserve the best environment and resources available. I’m excited to have so many of our teams
under one roof as we continue to build and grow. For us, it’s about more than
just having somewhere to work on the cars; it’s about having a global
motorsport home and sharing that with our people, our fans and our sponsors to
advance the sport and leave a lasting legacy.”

The $200 million facility is planned to serve as the
headquarters of Andretti’s global commercial functions and the base of
operations for the team’s current NTT INDYCAR SERIES, Indy Lights and IMSA
programs and other future racing initiatives. In addition to housing day-to-day
operations for the racing team, the building will be home to the advanced
research and development of Andretti Technologies. The collaborative campus
will feature modern technologies and create a work-life environment for the
benefit of our team, fans and partners.

“Indiana has
long been the racing capital of the world, and Andretti Autosport’s commitment
to growth here will only further cement our state’s leadership position in
Motorsports and STEM related pursuits,” said Indiana Governor Eric J. Holcomb.
“This new campus will not only bring new, exciting employment opportunities and
serve as an asset for one of our fastest growing communities but will also show
just how much this living legacy, one of the most globally iconic brands known,
continues to invest in the future of our great state.”

“I am excited
to celebrate this legendary racing family of entrepreneurs in their competitive
quest to innovate in the global racing industry,” added Indiana Secretary of
Commerce Brad Chambers. “Indiana continues to demonstrate leadership in this
sector as well as its position as a premier destination for automotive, speed
and mobility-focused industries.”

The new campus will give Andretti Global the opportunity
to welcome the community and race fans from around the world through
involvement with the Fishers Parks Nature First program, planned indoor amphitheater
and a museum and innovation center that will preserve and showcase the Andretti
legacy and inspire the future of motorsports.

“Beyond being the base of operations and nerve center for
our global teams, we’re building a destination where everyone can feel like
part of the Andretti family,” said Andretti Autosport Vice President Marissa
Andretti. “We are looking forward to our new headquarters serving as a
gathering place for our team members and the community. Our employees are the
heart of our business and our most valuable asset. It’s important to us that we
create an engaging, campus culture and environment where we feel we can have
longevity in our careers. Racing can be more than a job; it’s a way of life,
and we’re working to build a sense of community beyond the workplace.”

Planning is underway on the new facility, with
construction expected to begin in the fall of 2022, pending all relevant approvals.
The building is projected to be operational by 2025.

“Partnering
with Andretti to bring an incredible mix of innovation, visitor experiences and a
commitment to the local community is a dream come true for this special
property at the Indianapolis Metropolitan Airport,” said Fishers Mayor Scott
Fadness. “Fishers will be a welcomed home for the future of Andretti, and I
look forward to celebrating their successes together.”

The team, led by Michael Andretti, operates worldwide in
seven racing championships and across eight types of motorsport with 17
full-time drivers. Andretti first became a team owner in 2003 after retiring
from his full-time driving career. Nearly two decades later, Andretti has built
a diverse, global enterprise competing at the highest levels of motorsport and
reaching all five habitable continents. In his time as a team owner, Andretti
has collected 17 championship titles and 252 race wins – including five
Indianapolis 500 victories, victory at the Bathurst 1000, a Sebring 12 Hour
title and wins in the ABB FIA Formula E World Championship and Extreme E
series.

Pending
approval of the Indiana Economic Development Corporation (IEDC) board of
directors, the IEDC will commit an investment in Andretti Autosport of up to
$19 million in the form of conditional tax credits and up to $125,000 in
training grants based on the company’s plans to invest in its Indiana
operations. The city of Fishers has approved additional incentives.