The investment is led by Brazilian group OutField, an international consortium co-founded by Pedro Olivera, and includes Georgios Frangulis, CEO of global health-food brand OakBerry.
Felipe Massa was leading the 2008 Singapore Grand Prix when fellow-Brazilian Nelson Piquet Jr. deliberately crashed his Renault into the wall on lap 14.
Massa, who failed to score after a bungled pitstop, claims the race should have been cancelled because the sport's leaders allegedly knew before the end of the 2008 season what had happened but covered it up.
Bollywood star Ranveer Singh had a day to remember as he caught up with some of the world's greatest sportspeople at the Abu Dhabi F1 Grand Prix at the Yas Marina Circuit on Sunday.
Ferrari's Felipe Massa will have a brain scan after fracturing his skull in a freak accident at the Hungarian Grand Prix, the Brazilian's Formula One team said on Sunday. Last year's overall championship runner-up was in intensive care after being hit on the head by bouncing debris from compatriot Rubens Barrichello's Brawn during Saturday's qualifying.
After a spate of freak accidents related to eminent sportsmen in recent weeks, rediff.com takes a look at some most famous sufferers.
Seven times Formula One world champion Michael Schumacher will replace injured driver Felipe Massa at Ferrari if he passes a fitness test, the team said on Wednesday.
Formula One champions Ferrari have lightened Kimi Raikkonen's load by giving the Finn a new slimmed-down car for Sunday's Spanish Grand Prix. Ferrari said the 2007 champion, whose last win was at the Circuit de Catalunya a year ago, would get a lighter chassis than Brazilian team mate Felipe Massa for the start of the European season.
The Indian finished\nsecond in private testing for the Williams Formula One team at the Jerez circuit in Madrid.
The Brazilian said he would never forget the team's support for him after his near-fatal head injury at the 2009 Hungarian Grand Prix.
Formula One legend Michael Schumacher had reportedly "reacted with his mouth" during a secret visit to the Grenoble hospital by his former Ferrari teammate Felipe Massa.
Williams driver Felipe Massa has revealed that he considered quitting Formula One after Marussia driver Jules Bianchi's 160 miles-per-hour horror accident during the Japanese Grand Prix.
The 35-year-old Williams driver, who won 11 races for Ferrari between 2006 and 2008 and finished overall runner-up to Lewis Hamilton in the 2008 world championship, is out of contract at the end of the year.
From Williams Formula One driver Felipe Massa to 'Lightning' Bolt to Yamaha MotoGP World champion rider Jorge Lorenzo, check out some bone-chilling moments captured on camera.
'The heart still bleeds for the Brazilian who gave us the finest, most memorable start we've seen in Formula One for many a year,' says Raja Sen.
Australian Daniel Ricciardo celebrated his first Formula One victory on Sunday in a Canadian Grand Prix that put Red Bull back on top of the podium and dealt Mercedes a first defeat of the season.
Ferrari's Brazilian driver Felipe Massa got back behind the wheel of a Formula One car Monday less than three months after his life-threatening accident at the Hungarian Grand Prix. He drove the 2007 Ferrari race car at the Fiorano circuit near the Italian team's Maranello headquarters, Italian media reported.
Susie Wolff became the first woman driver in 22 years to take part in a Formula One race weekend on Friday but her involvement in British Grand Prix practice lasted barely 20 minutes.
Force India overtook Williams for fourth position in the team standings after Nico Hulkenberg and Sergio Perez bagged 22 points by finishing fourth and fifth in the Formula 1 Belgian Grand Prix.
Elated Australian Mark Webber shrugged off a drive-through penalty to win the German Grand Prix in Nuerburgring on Sunday and end his long wait for Formula One success.
Injured Formula One driver Felipe Massa left a Budapest hospital after nine days of treatment on Monday, boarding a private jet home to Brazil on his own feet. Massa's left eye was badly bruised but slightly open and there were no bandages over the line of stitches on his left temple.
Whether the stellar line-up of champions, Ferrari's first such pairing for 50 years, blazes a trail to title glory or derails itself in a shower of sparks along the way remains to be seen.
Red Bull's Formula One world champion Sebastian Vettel made the most of a well-timed change of tyres in a rainy qualifying session to seize pole position for the Malaysian Grand Prix on Saturday.
Red Bull's Sebastian Vettel won the Japanese Grand Prix on Sunday and blew the Formula One championship wide open with five races remaining after Ferrari's Fernando Alonso spun out at the start.
The first race of the season in Melbourne saw a surprise winner in Kimi Raikkonen. Fernando Alonso can't be written off. With Raikkonen in a reliable-looking car, he will have to be the relative outsider this season, writes Raja Sen.
Formula One world champion Lewis Hamilton has shed light on his struggle with dyslexia at school and expressed that he wants to build schools for poor kids after he calls curtains on his glorious career.
Ferrari's Felipe Massa and Sauber's Mexican rookie Esteban Gutierrez were handed three-place grid penalties at the Spanish Grand Prix on Saturday for impeding rivals in qualifying.
Felipe Massa said farewell to thousands of Ferrari fans in Italy on Sunday and received a trophy nearly as tall as him to celebrate his time with the Formula One team.
Some of the best images from the inaugural Indian Grand Prix.
Ferrari marked the 30th anniversary of the death of fan favourite Gilles Villeneuve on Tuesday with the Canadian's son Jacques behind the wheel of one of his cars at the Italian team's Fiorano test track.
Felipe Massa might have a curb named after him at the Buddh International Circuit, but it is Sebastian Vettel who really seems to like the circuit on the outskirts of Delhi.
McLaren boss Martin Whitmarsh threw the equivalent of a fatherly arm around his under-fire driver Lewis Hamilton after Sunday's Singapore Grand Prix stoked further criticism of the Briton's aggressive driving style.
A simmering feud between Formula One's Lewis Hamilton and Felipe Massa threatened to explode on Sunday when the pair clashed again under the Singapore floodlights.
Formula One World champion Sebastian Vettel shook off the winter rust with his first test of the year on Thursday while Felipe Massa raised the hopes of Ferrari fans with the fastest lap of the week.
Felipe Massa delivered his eagerly-awaited verdict on Ferrari's new Formula One car after the first day of testing on Tuesday, with sighs of relief likely to be heard around Maranello.
The immediate task, apart from checking the systems, will be to get to grips with the new Pirelli tyres that the Italian company says should produce more exciting racing with more pitstops required.
Ferrari unveiled their 2012 Formula One car via the Internet on Friday after their usual glittering launch had been cancelled due to snow in Maranello.
Sahara Force India consolidated its fourth position in the constructors championship by collecting seven points from the Mexican Grand Prix with Nico Hulkenberg finishing seventh and Sergio Perez 10th in Mexico City on Sunday.
Ferrari promised to pull out all stops on Sunday to help Fernando Alonso claim the Formula One drivers title and with the help of a rulebook loophole they head to the season finale still in the fight.
McLaren have told Lewis Hamilton to be less hard on himself after an inaugural Indian Grand Prix that again had the 2008 Formula One champion apologising profusely to team and sponsors.
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