Canadian entrepreneur and lifelong motorsport enthusiast Chiko Nanji has acquired a substantial equity stake in Fusion Racing Group, joining the rapidly expanding international motorsport organisation as Group Executive Vice Chairman.
The investment, made through Nanji’s private motorsport investment company, Automobiles Etc Motorsport Inc., makes him a major shareholder in the group. He will sit on the boards of Fusion Racing Group and LN4 Fusion, working alongside Group Chief Executive Officer Dan Richards, the group’s team principals and senior leadership to drive its long-term development and international expansion.
Nanji is the Founder and Group Chairman of Metro Supply Chain, and one of Canada’s most accomplished entrepreneurs.
Under his leadership, he and his team built the company into one of North America’s largest third-party logistics providers, employing approximately 9,000 people across more than 190 locations in Canada, the United States and the United Kingdom.
Nanji is no stranger to motorsport; a committed supporter of the sport at every level, he now takes a decisive step from sponsorship into team ownership.
Fusion Racing Group’s operational entities have secured entries for 2027 in the FIA Formula 2 Championship, FIA Formula 3 Championship, FIA Formula Regional European Championship, Italian F4 Championship, British F4 Championship and German F4 Championship.
Integrated with championship-winning karting operations across the OK, OK-Junior and IAME X30 categories, this infrastructure creates a uniquely comprehensive driver development pathway taking young talent from their first competitive karting races all the way to Formula 2, the final step before Formula 1.
“Motorsport has been a passion of mine for as long as I can remember. I’ve been fortunate to support the sport at every level, including Formula 1, but becoming an owner and helping to build a racing organisation of this scale is something particularly special.
“When I met Dan and understood what he and his team were putting together, I knew I wanted to be part of it. The breadth of the programme, the quality of the people and the ambition to build a lasting organisation across multiple championships really stood out.
“Running teams across this many championships is, at its heart, an operational challenge: moving people, cars and equipment across continents, on time, every race weekend. That’s the world I’ve built my career in, and I’m looking forward to helping the group achieve its full potential.”
Chiko Nanji, Group Executive Vice Chairman of Fusion Racing Group
“Chiko is exactly the calibre of individual we want alongside us as we build Fusion Racing Group.
“He took a business from a single warehouse in Montréal to a multibillion-dollar international operation. That takes extraordinary vision, discipline and leadership, precisely the qualities a multi-championship racing organisation needs. Just as importantly, he shares our ambition and passion for what this group can become.
“We’ve brought together exceptional people and built a programme capable of competing at the highest levels of junior single-seater racing. Chiko’s decision to make a substantial investment in the group is a tremendous endorsement of what we’ve established and where we’re heading.
“I’m delighted to welcome him as both a significant shareholder and a colleague. There’s an enormous amount ahead of us, and I’m excited about what we can achieve together.”
Dan Richards, Group Chief Executive Officer of Fusion Racing Group