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PHM Racing

PHM Racing is a team specializing in junior open-wheel racing series, including , , Formula 3, and Formula 2, with a focus on developing young talent for Formula 1 pathways. Founded in late 2021 by entrepreneur Paul H. Müller in , the team emerged from the dissolution of Mücke Motorsport's single-seater program and quickly entered competition in 2022 across three Formula 4 championships: UAE, Italian, and . In its debut season, driver secured the team's first victory at the in the F4 UAE Championship, followed by multiple wins and a runner-up position in the ADAC F4 team standings. The team's mission emphasizes supporting skilled drivers irrespective of financial background, providing year-round training and a structured progression to higher series. By 2023, PHM Racing expanded into Formula Regional and acquired entries in FIA Formula 3 and Formula 2 from Charouz Racing System, marking its entry into more advanced junior categories. Notable achievements that year included a 1-2-3 finish in the Formula Regional Middle East Championship (FRMEC) at Dubai Autodrome and Sophia Flörsch becoming the first female driver to score points in FIA F3 history during the Spa-Francorchamps feature race. However, the team's inaugural F2 season yielded zero points amid operational challenges. In 2024, PHM Racing's Formula 2 and Formula 3 operations were acquired by the AIX Investment Group, which provided enhanced funding and strategic advisors like former F1 driver Alex Wurz, leading to the AIX Racing branding and a new livery for those series by mid-year; Formula 4 and Formula Regional operations continued under founder Paul H. Müller as PHM Racing. This collaboration aimed to accelerate competitiveness, with goals of race wins and championships across series. As of November 2025, under team principal Morne Reinecke, AIX Racing holds 9th in the FIA Formula 2 standings with 66 points, with drivers Joshua Dürksen (Paraguay) and Cian Shields (UK). The team continues to compete in multiple FIA-sanctioned feeder series, prioritizing long-term growth and talent nurturing.

Background

Founding and early development

PHM Racing was established in late 2021 by Paul Hanno Müller, a German entrepreneur and app developer, in , , marking its entry as a new team in junior open-wheel racing categories. The team, named after Müller's initials, emerged following the disbandment of Mücke Motorsport's single-seater program at the end of 2021, with PHM acquiring key assets to accelerate its setup. From inception, the team's strategy emphasized rapid infrastructure development through asset acquisition from established predecessors like Mücke Motorsport, enabling a swift transition into competitive racing structures. This included inheriting cars, which underwent initial testing to ensure readiness for junior series participation. Early efforts also involved recruiting engineering and technical staff, many of whom were former Mücke personnel, to build a skilled core team focused on performance optimization. Müller's vision for PHM Racing centered on fostering a competitive German-based outfit dedicated to nurturing young talents in and Eastern junior open-wheel series, prioritizing driver skill and racecraft over financial backing. As Müller stated, the goal was "to be able to carry [drivers] all the way through to ," creating pathways from karting upward while emphasizing long-term development and winning potential. This preparatory phase positioned the team for its inaugural competitions by integrating proven resources with a commitment to excellence in .

Facilities and partnerships

PHM Racing is headquartered in , , at Stubenrauchstraße 34 in the 14109 district, where the team maintains and facilities to support vehicle preparation, , and operational coordination for its junior open-wheel programs. These facilities serve as the central hub for technical development and race , enabling efficient management of the team's multi-series commitments. The team emerged from the 2021 founding by Paul Müller and acquired the assets of Mücke Motorsport ahead of the 2022 season, initially leveraging shared setups from the Berlin-based predecessor before transitioning to fully independent operations to scale its infrastructure. This evolution of facilities facilitated the team's entry into competitive racing, providing a stable base for growth into higher categories. In terms of equipment partnerships, PHM Racing employs carbon-fiber chassis for its entries, paired with FT-J/Autotecnica 1.4-liter turbocharged inline-4 engines producing 160 horsepower, as specified for the . These supplier alliances ensure compliance with series regulations while optimizing performance through proven, homologated components. Key sponsorship and technical collaborations further bolster operations, including a with Sonic Equipment for premium hand tools and storage solutions that equip the team's mechanics for precise race preparation. Additional technical allies encompass Setupwizzard, providing digital wheel alignment systems for chassis , and Paceteq, offering race capture and platforms to inform strategic decisions and driver feedback. These partnerships enhance setup accuracy and data-driven insights, contributing to the team's competitive edge in junior formulas.

Historical development

Debut season (2022)

PHM Racing entered the competitive landscape of junior open-wheel racing in early by acquiring key assets and personnel from the dissolving Mücke Motorsport program, which allowed the newly formed team to secure immediate entries into the ADAC Formula 4 Championship and the . This transition provided PHM with an established operational base, including mechanics and engineering expertise, enabling a swift launch without the typical developmental delays faced by startup teams. The team's official debut occurred at the opening round of the F4 UAE Championship at Yas Marina Circuit in Abu Dhabi from January 20-23, 2022, where PHM fielded drivers Nikita Bedrin, Jonas Ried, and Taylor Barnard in the new Tatuus F4-T421 chassis. In the fourth race of this event, Barnard delivered PHM's maiden victory, fending off a late challenge to cross the line ahead of the field and mark a promising start just days into the team's racing history. This win highlighted the team's rapid adaptation to the Gen 2 Formula 4 machinery and set a positive tone for the season. Throughout 2022, PHM achieved three victories and four additional podium finishes in the UAE Championship, securing in the teams' standings while building foundational experience in international competition. In the Championship, the team competed across seven rounds with a lineup including Bedrin, Kluss, Ried, and Barnard, culminating in second place overall in the teams' classification, driven by Barnard's runner-up finish in the drivers' standings with five wins. These results demonstrated PHM's ability to integrate inherited resources effectively, establishing competitiveness in their inaugural year despite the challenges of lineup consistency and series-specific adaptations.

Expansion and higher series (2023–2024)

In 2023, PHM Racing expanded beyond by partnering with to take over its entries and assets in the FIA Formula 2 and FIA Formula 3 Championships, operating under the PHM Racing by Charouz banner. This move marked the team's entry into higher-tier single-seater racing, building on its established operations to scale operations across multiple series. The partnership allowed PHM to leverage Charouz's infrastructure while integrating its own management and technical expertise, with full control assumed ahead of the season-opening rounds in . Key milestones in the inaugural higher-series campaign included the team's first points in FIA Formula 3, achieved by driver with a seventh-place finish in the Feature Race at Spa-Francorchamps, making her the first woman to score in the championship's history. Flörsch added another top-10 result with ninth place at the , contributing to the team's total of six points and multiple close calls in races throughout the season. In contrast, PHM Racing by Charouz scored no points in Formula 2, with drivers finishing outside the top 20 in the standings amid a challenging adaptation to the series' demands. The effort focused on learning and incremental progress, as highlighted in the team's season review, which noted improvements in average finishing positions from 23rd early on to 17th by . The 2024 season saw PHM Racing sustain its growth, maintaining participation in Formula 2 and while achieving continued successes in Formula 4-level series. In the , the team secured four victories, including a historic 1-2 finish, demonstrating strong operational scaling in regional events. Alongside these lower-tier results, the higher-series programs emphasized driver development and consistency, with the team navigating mid-pack positioning in both F2 and standings—exemplified by no podiums but several points-scoring finishes—to build experience for future competitiveness. Challenges persisted from the prior year's integration of Charouz assets, contributing to operational adjustments and a focus on refining setup and strategy, as the team averaged finishes indicative of a in the elite junior categories.

Recent changes and 2025 focus

In May 2024, the Formula 2 and Formula 3 operations of PHM Racing were sold to the Dubai-based AIX Investment Group, resulting in a full acquisition and rebranding of those teams to AIX Racing to reflect the new ownership structure. The junior formulae teams, including those in and , initially operated under the PHM AIX Racing banner as part of the ongoing sponsorship arrangement. By October 2024, following the conclusion of the AIX sponsorship deal, the junior teams reverted to the original PHM Racing identity, allowing the organization to streamline operations and focus on entry-level development categories after the sale of its higher-series entries. Prior to this, the team had expanded into and as part of its growth phase in 2023–2024. In late 2024, PHM Racing announced a strategic refocus on and championships, prioritizing talent nurturing and progression pathways for young drivers from karting to higher single-seater series. In 2025, this refocus was implemented through a technical partnership with outfit AKCEL , under which PHM managed operations for their campaigns in the F4 Middle East Championship, , and , fielding multiple cars to support driver development.

Personnel

Management and technical team

PHM Racing was founded by German entrepreneur Paul Müller at the end of 2021, with Müller serving as team principal and overseeing the team's overall strategy and operations from its inception. In preparation for the 2023 expansion into the FIA 2 and 3 championships via the acquisition of Charouz Racing System's entries, the management team was augmented with experienced personnel, including Roland Rehfeld, to manage the increased scope of higher-series commitments. Following the May 2024 acquisition of the and programs by AIX Investment Group—which led to their rebranding as AIX Racing—the and operations continued under the independent PHM Racing banner under Müller's leadership, resulting in a more streamlined management structure focused on junior formulae. The technical team supports these efforts through specialized roles in vehicle preparation and performance optimization for the chassis and engines standard in the categories, though specific compositions remain internal to the organization.

Current drivers

PHM Racing's 2025 driver lineup features emerging talents across its and programs, emphasizing drivers with prior karting or experience to foster skill development over financial backing. The team prioritizes drivers demonstrating dedication and raw talent, supporting those who might otherwise face barriers in entry. This approach aligns with PHM's mission to nurture promising careers through structured progression paths, including access to advanced training resources. Leading the Italian and Championship efforts is Reno Francot, an 18-year-old Dutch driver with a multi-sport background that includes competitive before transitioning to ; he also competes in the F4 Middle East series for multi-program exposure. In the , Brando Badoer, the 19-year-old son of former Formula 1 driver , anchors the lineup alongside teammates Everett Stack, Aditya Kulkarni, and Jaden Pariat, all of whom bring prior single-seater experience. For the F4 Middle East Championship, under the AKCEL GP x PHM Racing banner, joins as a standout, the 23-year-old Emirati and graduate returning to after her series-best third-place finish in 2023; she shares the program with Francot to maximize development opportunities. Additional F4 seats are filled by Cosma Cristofor David Andrei and Andrea Dupe-Sebe Charles, both young prospects with karting pedigrees. PHM enhances driver preparation via simulator sessions and personalized coaching, aiding adaptation across series while tracking paths toward higher formulas like Formula 3. In the 2025 seasons, the team achieved competitive results across its programs.

Notable former drivers

PHM Racing has played a pivotal role in launching the careers of several drivers who have advanced to more competitive series, with the team securing multiple podiums and strong championship finishes during their tenures. Among the most prominent alumni is , who joined PHM in its debut 2022 season across the F4 UAE, ADAC F4, and Italian F4 championships. With PHM, Barnard achieved six wins and 12 podiums overall, including a runner-up finish in the ADAC F4 drivers' standings and contributing to the team's second-place team championship result there. This performance propelled him to FIA Formula 3 with in 2023, followed by a return to PHM (then PHM AIX Racing) for FIA Formula 2 in 2024, where he scored points before transitioning to with for the 2025/26 season. Another key figure is , who raced for PHM in the 2022 F4 UAE and ADAC seasons, where he recorded three wins, four podiums, and a fourth-place drivers' championship finish in the UAE series. Bedrin's strong rookie results led to his participation in the with the team in early 2023, before stepping up to FIA Formula 3 with PHM AIX Racing for the full 2024 campaign, in which he earned points including a ninth-place finish at . Following this, Bedrin advanced to the by with Saintéloc Racing for 2025, securing 11th in the standings with 72 points from consistent finishes. Sophia Floersch stands out for her historic contributions during her 2023 FIA Formula 3 stint with PHM Racing by Charouz, where she became the first female driver to score points in the series with a 10th-place finish at Spa-Francorchamps. Her resilience and performances, despite challenges, marked a significant milestone for diversity in and paved the way for her move to with in 2024. These drivers exemplify PHM's impact as a development platform, with at least five progressing to FIA Formula 3 or equivalent higher-tier series since 2022, often building on podium-contending results achieved under the team's guidance.

Current series results

Italian F4 Championship

PHM Racing entered the in 2022, fielding drivers such as , who secured consistent points finishes and placed eighth in the drivers' standings with multiple victories. The team's midfield positioning was highlighted by their third-place finish in the teams' championship, accumulating 181 points across the 21-race season. Building momentum in 2023 and 2024, PHM Racing achieved multiple podium results, with drivers like Giacomo Pedrini and Valentin Kluss delivering strong performances at key venues including and . In 2023, the team maintained a competitive midfield presence, supported by entries from James Egozi and Nandhavud Bhirombhakdi. By 2024, improved consistency led to fourth place in the teams' standings, driven by Kluss's early-season results and contributions from Maximilian Popov. The 2025 season marked a record-breaking entry with 41 drivers from 27 nations across 12 teams, the largest grid in nine years, intensifying competition on the Tatuus F4-T421 chassis powered by the Abarth 414TF engine. PHM Racing adapted effectively to the engine's performance characteristics, focusing on setup optimizations for the demanding calendar. Driver Reno Francot, joining from round four, recorded two podiums in his debut weekend at Mugello—including a second-place finish in race three—along with additional points at Imola and later rounds, helping the team secure sixth in the final teams' standings with 51 points.

Formula 4 Euro Championship

PHM Racing made its debut in the inaugural season of the Euro Championship in 2023, fielding Thai driver Nandhavud Bhirombhakdi for the first two rounds at and , alongside Italian rookie Pedrini for rounds two and three at and . Bhirombhakdi achieved the team's best result of the season with an 11th-place finish in Race 3 at , while Pedrini's top performance was 15th in multiple races; the team scored no points and finished seventh in the teams' standings. In 2024, competing as PHM AIX Racing, the team expanded its lineup to include Italian Davide Larini for the full season, alongside rookies Maksimilian Popov and Everett Stack, and Brazilian Gabriel Gomez for the opening round at . Larini delivered the team's standout performances, including a second-place finish in Race 3 at and the fastest lap in Race 1 there, accumulating 29 points to end 12th in the drivers' standings; Popov added four points for 21st overall. The team secured 33 points to place fourth in the teams' , demonstrating improved consistency across the seven-round calendar at circuits including , , and Spa-Francorchamps. The team continued its participation in 2025 under the rebranded E4 Championship, sharing drivers such as Dutch racer Reno Francot with its F4 program. Francot claimed PHM's first victory in the series with a win in Race 2 at , capitalizing on a race filled with overtakes to hold off a late challenge from Gomez. He also secured a with third place in the penultimate race at , contributing to the team's strong 108-point haul and third position in the teams' standings behind Powerteam and US Racing. The season featured seven rounds across European venues like and , with PHM emphasizing qualifying performance, as evidenced by Larini's prior front-row start at in 2024.

Formula Regional Middle East Championship

PHM Racing entered the Formula Regional Middle East Championship in 2023 for the series' inaugural season, transitioning from its Formula 4 successes to the higher Formula Regional category with Tatuus F3 T-318 chassis powered by Alfa Romeo engines. The team fielded a competitive lineup including Taylor Barnard and Joshua Dufek, securing four victories across the five double-header rounds at Dubai Autodrome, Kuwait Motor Town, and Yas Marina Circuit in Abu Dhabi. A standout moment came in the season finale with a historic 1-2 finish in Abu Dhabi, highlighting the team's pace and strategy under race interruptions. Overall, PHM achieved second place in the teams' championship with 152 points, trailing only Mumbai Falcons Racing Limited. Building on this foundation, PHM Racing partnered with AIX Investments for the 2024 season, expanding its driver roster to include , Brando Badoer, and . The team claimed five wins, with Barnard contributing four and Badoer adding one, while consistently challenging for s in key rounds at and . These results propelled PHM to second in the teams' championship behind , underscoring their growing dominance in the winter series. Across the 2023 and 2024 campaigns, PHM amassed more than 10 podium finishes, establishing a strong reputation for reliability and driver development in the category. In 2025, PHM Racing fielded Brando Badoer, while collaborating with Akcel GP on a joint entry (AKCEL GP / PHM Racing) for other drivers in the campaign. Badoer won the reversed-grid race in the opening round at ahead of rivals from and . The team finished third in the teams' standings with 192 points, behind and , with consistent points hauls from strong performances in and rounds.

F4 Middle East Championship

PHM Racing entered the in 2022 as its debut single-seater program, fielding a three-car lineup consisting of , Jonas Ried, and . The team secured its maiden victory in the fourth race of the opening round at , with Barnard leading from pole to claim the win by over three seconds. Bedrin added a second triumph for the team later in the season at , helping PHM to a third-place finish in the teams' standings with consistent points hauls across the 20-race calendar. In 2023, PHM Racing expanded its efforts in the series, competing with drivers including Akshay Bohra and Noah Strømsted, and achieved a fifth-place result in the teams' championship with 109 points from multiple top-10 finishes. The following year, rebranded as PHM AIX Racing, the team fielded a four-car entry led by , who scored 124 points to end fifth in the drivers' standings, while the squad maintained top-five contention overall through reliable performances at Yas Marina and . The 2025 season marked a transition as the series rebranded to the F4 Middle East Championship, expanding its regional scope with a revised calendar featuring double-headers at , a round at , and a finale at Lusail International Circuit in . PHM Racing partnered with Indian outfit AKCEL GP to form AKCEL GP / PHM Racing, entering a multi-car lineup that included experienced Emirati driver alongside drivers such as David Cosma Cristofor (rookie) and Reno Francot. The collaboration emphasized talent development for emerging drivers from diverse backgrounds, with the team securing two podium finishes across the winter rounds and multiple points-scoring results to build momentum in the inaugural edition.

Former series results

ADAC Formula 4 Championship

PHM Racing entered the ADAC Formula 4 Championship for the 2022 season, marking their debut and sole participation in the German-based series after acquiring the Formula 4 assets and key personnel from the recently defunct Mücke Motorsport team. The squad competed across all six rounds of the campaign, which spanned from April to October and included venues such as Spa-Francorchamps, , , , , and a season-ending round at the . Fielding a four-car lineup consisting of , , Jonas Ried, and Valentin Kluss—all driving F4-T021 chassis powered by engines—the team aimed to establish a foothold in European junior single-seaters following their inaugural successes in the earlier that year. The team's performance was competitive, culminating in a runner-up finish in the teams' championship with 573 points, trailing only Racing's dominant tally. This result was driven primarily by the efforts of their lead drivers: Barnard accumulated 266 points to secure second place in the drivers' standings, highlighted by five victories across the latter half of the season, while Bedrin scored 175 points for fourth overall, including one win and multiple podiums. Supporting contributions came from Ried (71 points, ninth in drivers') and Kluss (61 points, 11th), who added consistency and occasional top-10 finishes to bolster the team's score. PHM's total reflected strong qualifying pace, with an average grid position around fifth, though they secured no pole positions. Notable highlights included the round in August, where Barnard delivered back-to-back wins in races one and two, fending off pressure from title contender to extend PHM's championship momentum. At the finale in October, the team managed solid points hauls despite the intense battle for the drivers' crown, with Bedrin achieving finishes including fifth in the final race. These results underscored PHM's adaptability to varied track layouts and weather, though early-season teething issues with setup optimization occasionally hampered their race pace. The 2022 ADAC F4 campaign provided PHM Racing with valuable insights into European Formula 4 operations, informing their expanded strategy in regional series thereafter, including a shift toward sustained involvement in the from 2023 onward.

Formula 4 UAE Championship

PHM Racing made its debut in single-seater racing with the in 2022, fielding a three-car lineup consisting of , Jonas Ried, and . The team marked its entry with immediate success, as claimed PHM's maiden victory in Race 4 of the opening round at , starting from after a strong qualifying performance. This win highlighted the team's potential in its first season. Later in the campaign, Bedrin added two more triumphs, including a standout performance in , contributing to a total of three wins and seven podium finishes across the season. These results secured PHM Racing third place in the teams' championship, behind and Abu Dhabi Racing by . In 2023, PHM Racing returned with an expanded roster including Valentin Kluss, Jakob Bergmeister, Nandhavud Bhirombhakdi, Akshay Bohra, and Noah Strømsted, focusing on developing emerging talents in the winter series. The season proved more challenging, with no race wins or podiums recorded, as the team's best individual result came from Strømsted in ninth place overall and Kluss in tenth. Despite the lack of top finishes, PHM demonstrated consistency through full-season participation, finishing fifth in the teams' championship with 109 points, trailing leaders Racing Limited. This position underscored the team's efforts to build experience amid stiff competition from established outfits like and . PHM Racing rebounded strongly in 2024 under the PHM AIX Racing banner, with leading the charge alongside Everett Stack, Maksimilian Popov, Davide Larini, and Kamal Mrad. Bedrin delivered three victories, including two at —winning Race 2 in Round 1 from fifth on the grid and dominating Race 3 in Round 3. He also secured an additional podium, finishing second in , which propelled him to fifth in the drivers' standings with 124 points. The team amassed five podiums overall, reflecting improved setup and driver integration. Although exact teams' rankings were not finalized in available reports, PHM's performance positioned them competitively, third among challengers behind and US Racing. Across their three-year tenure in the series, PHM Racing accumulated 11 podiums, establishing a solid foundation in the Middle Eastern winter feeder category. The , known for its role as an off-season testing ground for young drivers, underwent significant evolution during PHM's involvement, expanding its calendar and attracting larger international fields. This growth culminated in a 2025 rebranding to the , incorporating rounds across multiple regional venues like to broaden its scope beyond the UAE. PHM Racing transitioned seamlessly into the new format, partnering with Akcel GP to maintain its presence in the restructured series.

FIA Formula 3 Championship

PHM Racing entered the in 2023 through a partnership with , operating as PHM Racing by Charouz and fielding a three-car lineup of rookies Sophia Floersch, Roberto Faria, and . The team struggled in its debut season, finishing 9th in the teams' championship with 7 points, all scored by Floersch. Floersch achieved the team's best result of seventh place in the Spa-Francorchamps feature race, marking the first points for both her and PHM in F3 while becoming the first woman to score in the series. She added further points with a 10th-place finish in the sprint race, contributing to her 23rd place in the drivers' standings. Faria and Wiśnicki, both rookies, faced challenges including mechanical issues and inexperience, with no points scored, though Wiśnicki was replaced mid-season by and later . Technical difficulties plagued the team, particularly with car setups on high-downforce circuits, leading to suboptimal management and pace deficits early in the season. A disqualification for Floersch after a provisional ninth at the due to a rear wing infringement highlighted setup and compliance issues. Despite these hurdles, the team showed improvement in average finishing positions, rising from 23rd in the opening feature race to 17th by . In 2024, the team rebranded as PHM AIX Racing (later AIX Racing) following an investment acquisition, retaining a focus on young talent with drivers including , Joshua Dufek, and . The squad improved to ninth in the teams' championship with 35 points, driven primarily by Bedrin's performances as a rookie. Bedrin secured the team's first victory in the Hungaroring feature race and added multiple top-10 finishes, including ninth at and contributing to his 19th place in the drivers' standings with 25 points. Dufek scored the remaining 10 points with consistent results, such as eighth in the sprint race, marking his and the team's additional rookie points hauls. The 2024 campaign featured at least five top-10 finishes across the drivers, reflecting better adaptation to the chassis despite ongoing setup sensitivities on high-downforce tracks like and . Inthraphuvasak, another rookie, provided solid support without points but helped build team experience for future progression.

FIA Formula 2 Championship

PHM Racing entered the in 2023 through an acquisition of Charouz Racing System's entry and assets, marking the German team's debut in the series. The outfit operated as PHM Racing by Charouz for the first 12 rounds before transitioning to PHM Racing alone for the final event in , with operations based in the . The team selected experienced Israeli driver and American-Spanish rookie as its lineup, aiming to leverage Nissany's prior F2 experience from four previous seasons. British driver substituted for Benavides in the final round. Despite the integration with Charouz's infrastructure, PHM Racing by Charouz endured a challenging season, recording the lowest points total in the field with zero points scored across 26 races. and Benavides finished 21st and 22nd in the drivers' standings, respectively, with no podiums, poles, or fastest laps to their names; the team placed 11th in the teams' championship behind the other 10 entrants. Reliability issues and adaptation struggles to the series' demands contributed to the lack of competitiveness, as the team failed to crack the top 10 in any race. PHM Racing returned for the 2024 season under the PHM AIX Racing banner following a partnership with Dubai-based AIX Investment Group, which provided title sponsorship and joint operational support. The team fielded an all-rookie lineup of Paraguayan Joshua Dürksen and British Taylor Barnard, both stepping up from Formula 3 and regional series. In the opening three rounds—Bahrain, Jeddah, and Melbourne—PHM AIX Racing showed flashes of potential but scored no points, with Dürksen's standout moment coming in Jeddah qualifying where he secured the team's first F2 pole position, though a 10-second penalty in the feature race dropped him to 12th. Barnard recorded a best finish of 13th across those events, highlighting the challenges of the new Dallara F2 2024 chassis for the inexperienced pairing. The team's involvement concluded midway through 2024 when AIX Investment Group acquired full ownership of the entry in May, rebranding it as AIX Racing ahead of the round and citing strategic expansion as the rationale for the takeover. This sale ended PHM Racing's direct participation in the series after two seasons, allowing the German outfit to refocus resources on its lower formulas while the rebranded team continued under new management.

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