Lola Cars under new ownership !

With the completion of the transaction, Lola Cars Ltd. now controls all of the assets of the iconic British brand that has designed and produced nearly 5000 race cars spanning 400 different model types, gaining unparalleled success in motorsport championships around the world including IndyCar, Le Mans, Formula 1, Formula 3000, Formula 5000, A1GP and Touring Cars. 

For the new owner the opportunity to acquire and steer one of motorsport's most iconic marques was one too good to waste. “I have had a lifelong passion for motorsport and, like most motorsport fans, have always loved the Lola brand. What both Eric Broadley and Martin Birrane achieved with Lola is awe inspiring. It is a daunting but exciting prospect to try and rebuild Lola in their footsteps and do justice to their legacy,” said Bechtolsheimer.   

Amanda Birrane, Chairman of Peer Group plc, the Birrane family Property Company based in London, said “My family is very pleased that the Lola brand is in the ownership of a businessman and racer who will write the next chapter for this long-established British motor racing icon.  My father would be delighted to see Lola back in competitive motorsport and especially back at Le Mans. We wish Till every success.”

Bechtolsheimer outlined what is ahead for Lola Cars Ltd. “Our plan is to re-establish Lola as a leading design and engineering force in modern motorsport.

“I have built a career investing in energy efficiency and see motorsport playing a significant role in the innovation and testing of new solutions. Through Lola, we hope to develop and provide investment for some of these solutions.

“I have a huge amount of respect for the industry and understand that this will be a long process.

“We have immediate plans for substantial upgrades to the Lola Technical Centre, in particular the wind tunnel, and are actively working towards our first project to put new Lolas back on track.

“I firmly believe that our biggest asset is the Lola name and what it means to so many in the motorsport industry, it will help us to attract great talent and form lasting partnerships.” 

More details of Lola Cars Ltd’s initial projects will be announced in the near future.

Who are you Till Bechtolsheimer ?

Nationality : British

Hometown : Ampney St. Peter, Gloucestershire

Age : 40

Occupation : Founder of New York based Investment Firm, Arosa Capital, specialising in energy, energy efficiency and renewables, including emerging technologies in the transport and automotive space. Arosa has approximately $1bn of regulatory assets under management across various products investing in public markets, private equity and venture capital. 

Racing Career : Till is an accomplished historic racer with class wins at Monaco and Silverstone to his name. He has competed in the highest level of North American sportscar and endurance racing since 2016 with multiple podium finishes. Since 2020, he has competed in IMSA WeatherTech Competition. Bechtolsheimer's best result to date is a 3rd place at the 2021 Detroit Grand Prix. This year, his focus is the IMSA WeatherTech Endurance Championship. Till’s passion for motorsport has also seen him compete at the Pikes Peak International Hill Climb and off-road in the 2021 Baja 1000.