INDYCAR has confirmed the establishment of a charter system across the NTT INDYCAR SERIES. In total, owners of 10 teams have accepted charters for 25 entries competing in North America's premier open-wheel racing series, beginning immediately.

"This is an important development that demonstrates an aligned and optimistic vision for the future of our sport," Penske Entertainment Corp. President and CEO Mark Miles said. "I want to extend my sincere appreciation to our team owners for their collaboration and ideation throughout this process. Ultimately, we're pleased to have a system in place that provides greater value for our ownership and the entries they field."

This is the first charter system to be introduced in the history of the NTT INDYCAR SERIES. A chartered entry is guaranteed a starting position on the grid at all NTT INDYCAR SERIES races, excluding the Indianapolis 500 presented by Gainbridge. An entry also must be chartered to qualify for the annual NTT INDYCAR SERIES Leaders Circle program--an annual award program that compensates the 22 top finishers in the prior year's NTT INDYCAR SERIES championship. The terms of the initial, long-term charter agreements are committed through the end of 2031.

Charters were extended to team owners based on full-time entries over the previous two seasons, with a maximum of three awarded per team. For the complete details, visit the INDYCAR announcement here.

Chartered 2025 INDYCAR Teams