02 Jul YCOM welcomes investment from TEC Racing, accelerating growth trajectory
[PRESS RELEASE] July 2nd, 2024 – Parma, Italy
YCOM S.R.L., a leader in motorsport and advanced mobility projects, has welcomed investment from Italian club deal TEC Racing S.p.A. as a majority shareholder. This investment will further strengthen the Italian company’s competitive edge and expand its presence in the global motorsport and automotive markets.
Over the past three years, YCOM has experienced significant growth as its focus shifted from engineering consultancy to full-vehicle constructor.
Able to design, develop, and produce low-volume, high-end/high performance specialist vehicles, YCOM offers a unique external capability to its customers, often original equipment manufacturers (OEMs).
This comes at a pivotal moment within the wider mobility market, which is undergoing widespread technological change and an environment of disruption, where Motorsport has always played to be the proving ground for new technologies.
TEC Racing’s investment enables the company to better capitalize on this opportunity and fulfil a growing, global demand.
YCOM’s Founder and Managing Director, Nicola Scimeca, will continue to lead the company, supported by his leadership team.
“This investment signifies a monumental leap forward,” commented Scimeca. “TEC Racing shares our vision for the future, with YCOM driving innovation and continuing to deliver some of the world’s most exciting projects across the dynamic motorsport and mobility landscape.
This evolution will enable us to better serve our existing customers while equipping us for new markets. We look forward to this new chapter of YCOM and the opportunities it brings”.
TEC Racing’s CEO, Roberto Ferraresi, said:
“Our investment in YCOM represents a key step for TEC Racing in the expansion of its positioning in the motorsport and engineering industries. This investment provides continuity to the ones already made in 2023 in Tatuus Racing, Autotecnica Motori and Breda Racing.
We firmly believe in the development and growth of the Italian motorsport at an international level and YCOM is a perfect example of an innovative and cutting-edge Italian motorsport and engineering company. We are very happy to partner with Nicola Scimeca and support YCOM’s future growth path”.
About YCOM
YCOM is a leading advanced technology company to engineer a fast-changing future.
From the original idea to the final product, YCOM covers any aspect of development, including design, manufacturing, and testing, for motorsport and high-end/high-performance mobility applications.
Born in 2008 to develop racing projects, YCOM today applies its motorsport approach to new frontiers, from the automotive industry, through marine, and aerospace. YCOM is a worldwide recognized expert in lightweight composite structures design and manufacturing. From carbon fiber to natural fiber, YCOM is leading the path towards a more sustainable future.
About TEC Racing
TEC Racing is “The Equity Club” SPV that aims to build an Italian leading motorsport platform.
Led by CEO Roberto Ferraresi and promoted by Mediobanca, in 2023 TEC Racing invested in Tatuus Racing, Autotecnica Motori and Breda Racing, and since then started to work alongside the management teams to continue the growth path of the companies and to represent the excellence of the Italian motorsport globally.
