HAN Formula Student Team Revenue and Competitors

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Arnhem, Netherlands



Total Funding



Estimated Revenue & Valuation

  • HAN Formula Student Team's estimated annual revenue is currently $5.1M per year.(i)
  • HAN Formula Student Team's estimated revenue per employee is $231,000

Employee Data

  • HAN Formula Student Team has 22 Employees.(i)
  • HAN Formula Student Team grew their employee count by -4% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
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HAN Formula Student (HFS) is an international student raceteam that participates in the biggest design competition in the world, called Formula Student. For this competition, HFS develops a completely new vehicle every year to prove our engineering and business knowledge. The team is located within the HAN University of Applied Sciences in Arnhem, the Netherlands. And with 34 international members from all faculties in the HAN UAS, the team has a broad knowledge about engineering, management, business and communications that compliments the teams performance in every aspect. After founding the team in October 2015, HFS had a very successful first year while participating in the most renowned Formula Student event in the world, on the Hockenheimring in Germany. The HFS-01, the first car HFS ever build, completed every dynamic event during the competition, ending in the 50th place out of 75 participants in the Combustion class. Over the past 11 years that Formula Student Germany is held annually, there never was a first-year team that completed every dynamic event, until HFS came around. In the season of 2016/2017, HFS is developing the HFS-02 that will be a big improvement over the first vehicle. While the weight will be reduced by roughly 33%, the designs have been revised to end up with a high quality and durable racecar. The HFS-02 will be revealed on June 28 2017, at the HAN Automotive faculty.



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HAN Formula Student Team News

2022-04-13 - Un novedoso proyecto educativo se embarca en construir dos ‘Formula Student’

El formato “Fórmula Student” se creó en Estados Unidos con el objetivo ... distintas motorizaciones y en este caso han seleccionado una de...

2022-04-06 - UJI Motorsport, vivir el sueño de la Fórmula 1 para estudiantes

El equipo de la Universitat Jaume I participa en la Formula Student, la competición estudiantil de motor más importante de Europa...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding