Formula BMW was a junior racing formula for single seater cars. It was positioned at the bottom of the motorsport career ladder alongside the longer established Formula Ford category. Like Formula Ford, it was intended to function as the young kart racing graduate's first experience of car racing.

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.