F1 Academy is a female-only single-seater racing championship founded by Formula One. The championship is a spec series, with all teams competing with an identical Tatuus F4-T-421 chassis and tyre compounds developed by Pirelli. Each car is powered by a 165-horsepower turbocharged 4-cylinder engine developed by Autotecnica.

Formula racing is any of several forms of open-wheeled single-seater motorsport. The origin of the term lies in the nomenclature that was adopted by the FIA for all of its post-World War II single-seater regulations, or formulae. The best known of these formulae are Formula One, Formula E, Formula Two, Formula Three, regional Formula Three and Formula Four. Common usage of "formula racing" encompasses other single-seater series, including the IndyCar Series and the Super Formula Championship.