The Jay Penske-owned team, which ran selected races last year with Paul Tracy and Ho-Pin Tung, will use Lotus engines in this year's IZOD IndyCar Series. It will be the first time the team has run a full-time program with two cars. Dragon joins the HVM, Bryan Herta and Dreyer & Reinbold teams in running Lotus engines.

Claudio Berro, Group Lotus director of motorsport, said: "We are very pleased to be able to announce this new and exciting partnership with Dragon Racing today, a team which has demonstrated its potential and which we believe will achieve great success thanks to the Lotus IndyCar engine and the security of a major backer."