Entrepreneur and venture capitalist Matt Hurley announced the formation of H2 Motorsports, a new NASCAR Xfinity Series team with driver Shane Lee, on Thursday at Charlotte Motor Speedway.
The team will race a Toyota Supra and carry No. 28 with sponsorship from Circuit City. They will debut in Iowa in mid-June and compete for the remainder of the season.
"I grew up following NASCAR closely for a number of years. And I feel like we need to be involved in owner development. We have a lot of teams with driver development, " said Hurley. "We have a strong sponsor commitment from Circuit City. And with the involvement of TRD, I felt like now was the right time to build a team capable of winning races."
"I am definitely looking forward to it," said Lee. "It's a great opportunity for me. I met Matt (Hurley) at a couple of races last year. And we talked about a racing deal. Probably about January he talked about wanting to get into racing. And we just sort of went from there. He went down the line and hired some really good people. We got the sponsorship from Circuit City and then with TRD coming on board it gave us credibility. Running for (Richard Childress Racing) last year gave me some pretty good experience, but it wasn't like running every week. I'm really looking forward to starting at Iowa and running each week.'
Lee competed in 13 NASCAR Xfinity races last year and collected one top-five and three top-10 finishes.
The team also hired Pete Rondeau as crew chief and also has a relationship with TRD. Rondeau most recently was competition director for Furniture Row Racing.
H2 Motorsports will be based in Mooresville, North Carolina.
