Ed Carpenter Racing announced on Tuesday that Indianapolis businessman Ted Gelov has become a part owner in the team. Gelov is the owner of the Heartland Food Group, the manufacturer of Spenda and the owners of Java House.
Ed Carpenter said:
INDYCAR is growing and attracting high caliber brands and in Ted’s case, also a strong business partner for our team. “Ted (Gelov) will help us to continue to strive for excellence both on and off the track.
Speaking about the news, Ted Gelov said:
“We manufacture all our products here in Indiana and employ over 1,200 people. “We are committed to the Indiana community and are extremely excited to continue that by joining Ed Carpenter Racing. I am ready to do my part to help Ed (Carpenter) and ECR in any way we can to get on the podium and win races!”
Ed (Carpenter), Tony George, and Stuart Reed have all been wonderful to me through this process. They have welcomed my family and I into their family. Ed is an incredible guy, in all respects, and someone you are drawn to be associated with. He embodies the ideals that I look for in a partner.
As art of the new ownership structure Java House and Splenda will be on the cars. Ed Carpenter said:
“It’s fantastic to find a partner that so closely aligns with our values and shared vision for the future of Ed Carpenter Racing. “We also plan on having a Java House or Splenda car on track next season, which would be special for us to work with one of our own brands. There is more to come!”
Ed Carpenter Racing will announce their 2025 NTT INDYCAR SERIES line up on Wednesday.