LONDON: K1 Speed Inc., the premier indoor electric kart racing brand, announced the acquisition of Capital Karts, the fastest indoor go karting track in the UK, based in London.
This significant acquisition enables K1 Speed to continue to accelerate its growth and become a key player in the UK and Europe.
K1 Speed was founded by David and Susan Danglard in 2003. In over 20 years, the industry pioneers opened K1 Speed’s first location in Carlsbad, CA and have successfully scaled the business to 92 racing centers across 30 states and 8 countries as of May 2024. The US-founded company continues to make significant investments to expand its global footprint and the latest acquisition of Capital Karts will further bolster K1 Speed’s plans to grow its go karting business in Europe.
David Danglard, CEO and President of K1 Speed said, “We have been focused on aggressive growth for K1 Speed in the last year, and Susan and I are proud of the milestones the business has achieved across the US thus far. We’re thrilled to expand our business into the UK and Europe and to achieve the dream of becoming a global motorsports powerhouse.”
Capital Karts specialises in professionally designed go-kart race tracks and a fleet of karts that offers go-karting sessions along with video recording and time tracking systems. Currently, Capital Karts has one venue in central London (Canary Wharf) and three additional venues under development across Central London (Vauxhall), Birmingham and Glasgow, set to open by the end of 2024. With the added value provided by K1 Speed, there are large expansion plans in progress across several countries in Europe.
In the last year, K1 Speed has made significant investments in the US including the acquisition of Autobahn Indoor Speedway (“Autobahn”), Accelerate Indoor Speedway (“Accelerate”), Speed Raceway, Tampa Bay Grand Prix, Speed Circuit, and Free Minds (“Freem”). The company is doubling down on its expansion across the US in tandem with new locations underway in Europe. K1 Speed has 10 US locations in development and is expecting to have 100+ locations open globally by year-end.
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