The Powerboat P1 was officially founded in May 2003 when Powerboat P1 Chairman Asif Rangoonwala, an avid sports fan began work on fulfilling his vision for powerboat racing to become the third pillar of motorsport alongside motorcars and motorbikes.In the process, he has provided the one trillion-dollar marine industry with a viable innovation, research, development and marketing platform.
The first P1 Grand Prix of the Sea was staged in Nettuno, Italy. Out of the twelve boats competing, the majority were Italian, older style aluminium boats. Post the first event, eight years of promotion at the highest level, across 14 countries and 4 continents paved the way for the further growth of Powerboat P1. Identifying the need to build a stronger foundation for the sport, Mr. Rangoonwala and his management team has contrived success on three pillars of accessibility, parity and value for all stakeholders.
Asif Rangoonwala is a successful business entrepreneur, who has a diverse array of interests spanning food, property, and sport across the UK, Far East and in the Indian subcontinent. He is the founder of Eurobuns Limited, a hugely successful industrial baking venture for which he received the Queens Award. Rangoonwala is passionate about sports, particularly powerboat racing. He was the founder of Powerboat P1 in 2002 and this business is now the leading global marine motorsport platform, with established race series in the UK and USA. More recently P1 has expanded into Southeast Asia.
He is a member of several prestigious organisations within the UK and abroad. These include being a fellow of the Duke of Edinburgh’s Award, Trustee of the Whitefield Development Trust, Director of The Indus Entrepreneurs UK, Chairman of the World Memon Foundation and Trustee of The British Asian Trust. He is involved in the running of the Rangoonwala Foundation which helps provide vocational training, medical centres, libraries for marginalized communities across the world.
James initially joined P1 as a consultant in February 2010, before becoming a director and CEO in 2012. James is the driving force behind P1’s global expansion and commercial strategy. Prior to his time at P1, James spent 10 years in the rugby world in director level roles with leading premiership clubs in Europe and Australia.
Robert has been with P1 for nine years, commencing his career initially as Commercial Director for the P1 World Championship. Born in South Africa, he studied Journalism and Economics at Rhodes University in Grahamstown. Following a successful career in the publishing industry, his passion for travel and motorcycles took him in a new direction in 2000 when he became Head of Marketing for the Superbike World Championship, based in Rome and London. He also worked as Commercial Director for Suzuki’s factory race teams in MotoGP and British Superbikes. Robert then moved from the track to the water, but remained very much in the fast lane, when he joined Powerboat P1 at the end of 2007. Today as Chief Operating Officer, he has responsibility for the international roll-out of the P1 SuperStock Championship and works closely with UIM, the world governing body for the sport, on the development of rules, safety and race organisation.