RELEASE: K1 Speed ​​accelerates its European expansion with the acquisition of Capital Karts

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K1 Speed's acquisition of Capital Karts will drive the growth of indoor electric karting in the UK and Europe

LONDON, May 10, 2024 /PRNewswire/ -- K1 Speed, Inc. ("K1 Speed"), the leading indoor electric kart racing brand, today announced the acquisition of Capital Karts, the indoor kart track fastest in the United Kingdom, based in London. This significant acquisition allows 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 more than 20 years, the industry pioneers opened the first K1 Speed ​​location in Carlsbad, California, and have successfully expanded the business to 92 racing centers in 30 states. and 8 countries from May 2024. The US-founded company continues to make significant investments to expand its global presence and the latest acquisition of Capital Karts will further strengthen K1 Speed's plans to grow its karting business in Europe.

David Danglard, President and CEO of K1 Speed, explained: "We have been focused on aggressively growing K1 Speed ​​over the past year, and Susan and I are proud of the milestones the business has achieved in the United States so far. "We are delighted to be expanding our business to the UK and Europe and achieving our dream of becoming a global motorsport powerhouse."

Capital Karts specializes in professionally designed kart racing tracks and a fleet of karts offering karting sessions along with video recording and time tracking systems. Capital Karts currently has one headquarters in central London (Canary Wharf) and three additional locations in development in central London (Vauxhall), Birmingham and Glasgow, scheduled to open by the end of 2024. With the value added provided by K1 Speed, there are major expansion plans underway in several countries in Europe.

In the last year, K1 Speed ​​has made significant investments in the United States, 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 redoubling its expansion in the United States along with the opening of new centers in Europe. K1 Speed ​​has 10 locations in development in the United States and expects to have more than 100 locations open worldwide by the end of the year.

About K1 Speed

K1 Speed ​​is the first brand of indoor electric karts. The family business was founded by David and Susan Danglard in 2003 with the goal of bringing European-style electric kart racing to North America. The platform's 92 kart racing centers span 30 states and 8 countries as of May 2024. K1 Speed's unique entertainment concept operates racing centers featuring electric karts, offering superior safety, performance and superior environmental advantages over traditional gasoline models. The brand appeals to a broad consumer base, including men and women of all ages, and targets drive-up customers, private parties and corporate events. In addition to electric karts, K1 Speed ​​centers offer food and beverage options through its Paddock Lounge concept, racing simulators, arcade games, racing equipment, racing leagues and championships.

For more information about K1 Speed, visit www.k1speed.com

For more information about K1 Circuit, visit www.k1circuit.com

For more information about K1 RaceGear, visit www.k1racegear.com

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