Prema Racing is a motorsport team from Italy. It operates in the FIA Formula 2 Championship and FIA Formula 3 Championship as well as various junior championships. In 2022 the team made its FIA World Endurance Championship and European Le Mans Series entries, beginning the efforts in the endurance racing. The team was founded in 1983 and is located in Grisignano di Zocco, in the Veneto region. Prema has been a talent pool for several Formula 1 junior programs: from Toyota and Renault in the early days; to Alpine, Ferrari, McLaren, Mercedes, Red Bull, and Williams in recent years. For 2023, the team will enter nine championships, fielding a total of 28 drivers. Prema is also set to participate in the IndyCar Series from 2025.

The FIA Formula 2 Championship is a second-tier single-seater championship organized by the Fédération Internationale de l'Automobile (FIA). Held on racing circuits, the championship was introduced in 2017, following the rebranding of the long-term Formula One feeder series GP2. The series' original founders were Flavio Briatore and current managing director Bruno Michel.