Description Available in: Lotus F1 Team is a British Formula One racing team. The team competed under the Lotus name for the first time in the 2012 Formula One season, 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.