Le Mans Ultimate developer Motorsport Games has secured a $2.5 million investment led by virtual reality company Pimax.
The funding will support Motorsport Games in accelerating future product development, in addition to improving its cash position and to “fund working capital and general corporate expenses.”
The deal was finalised on April 15, 2025. It included the issuance of 1.8 million Class A common stock and “a pre-funded warrant to purchase up to 377,836 shares” of Class A common stock for $0.0001 per share.
“We have been very happy with the response to our very public desire to seek further investment in the company and after comprehensive talks with Pimax, we are delighted to conclude their investment in Motorsport Games,” said Motorsport Games CEO and president Stephen Hood.
“Both parties are excited about the potential synergies between our companies […] the opportunity to combine efforts and deliver a new era in a growing market is infinitely more feasible when working as one.”
Pimax founder and chairman Robin Weng added: “Through our partnership with Motorsport Games, we aim to better understand and address the specific needs of this user group, enhancing their experience with tailored VR solutions.
“We believe the future of sim racing lies in the shift from flat screens to fully immersive VR. Motorsport Games shares our belief that realism is the most important metric in user experience. Together, we’re accelerating this transition and pushing the boundaries of immersion.”
“Pimax will continue to explore similar vertical partnerships to strengthen our user-focused strategy, build deeper engagement, and grow long-term loyalty within our passionate communities,” Weng concluded.