K1 Speed, an indoor electric kart racing company located in Irvine, California, has purchased Capital Karts, a UK-based company that operates indoor go-karting tracks.
The deal’s total value was not made public.
K1’s expansion of indoor electric go karting throughout the UK and Europe will be aided by the acquisition of Capital Karts.
About Capital Karts
Capital Karts specializes in expertly constructed go-kart racetracks and has a fleet of karts that includes time tracking devices, video recording capabilities, and go-karting sessions. It currently has one location, in Canary Wharf in central London, and three more, in development, in Vauxhall, Birmingham, and Glasgow, all of which are scheduled to open by the end of 2024.
About K1 Speed
In 2003, David and Susan Danglard established K1 Speed with the goal of introducing electric kart racing in Europe to the North American market. As of May 2024, the platform has 92 kart racing facilities spread over 30 states and 8 countries. Its amusement idea runs racetracks with electric karts, which outperform conventional gas-powered ones in terms of safety, performance, and environmental advantages. The business caters to arrive-and-drive clients, private parties, and corporate events, and it is appealing to a wide range of consumers, including men and women of all ages.
Apart from electric karting, K1 Speed centers include racing simulators, arcade games, race gear, racing leagues, championship events, and food and beverage options through their on-site Paddock Lounge concept.
