K1 Speed, the premier brand in indoor electric go-kart racing, has announced the acquisition of Capital Karts, which operates the UK’s fastest indoor go-kart track located in London. This move is pivotal for K1 Speed as it seeks to continue its rapid expansion and position itself as a key player in the UK and European markets. Founded in 2003 by David and Susan Danglard, K1 Speed has experienced significant growth, culminating in 92 racing centers across 30 states and 8 countries as of May 2024. Leveraging its established presence in the US, K1 Speed is making critical investments to reinforce its global footprint including the acquisition of American centers like Autobahn Indoor Speedway and Accelerate Indoor Speedway, among others. With 10 new US locations in development, K1 Speed anticipates surpassing over 100 worldwide locations by the year’s end. Capital Karts, noted for their professionally designed tracks and fleet of go-karts, aligns well with K1 Speed’s business model, offering video recording and lap timing systems. In addition to its London (Canary Wharf) location, Capital Karts has three other London sites under development which are expected to open by the end of 2024. The strategic growth of K1 Speed includes expanding its European activities, underpinned by the company’s commitment to providing an unparalleled racing experience with electric karts that offer inherent safety, performance, and environmental advantages over traditional gas-powered models. The company’s versatile appeal serves a broad audience for walk-in customers, private parties, and corporate events, with offerings such as the Paddock Lounge for food and beverages, racing simulators, arcade games, race apparel, and championship events.

Entertainment & Leisure, Automotive and Motorsports,United States, United Kingdom, Europe

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