The company initially participated in German Formula 3 before moving to the F3 Euro Series from 2003 to 2005. Colin Kolles left the team to become director of the Jordan Grand PrixFormula One team at the start of the 2005 season, a position he held until 2009. With his son away, Romulus moved the team to the Deutsche Tourenwagen Masters series with Audi under the sponsorship title Futurecom TME. The Kolles team shifted their interest to sports car racing by participating in the Le Mans Series and later the Intercontinental Le Mans Cup, again with customer Audi prototypes. Kolles returned to Formula One to helm the HRT F1 team in 2010, with Kodewa's workshop in Greding serving as a base of operations for the new team before HRT's new owners chose to release Kolles from the team and move their operations to Spain in 2012.
Kodewa participated in the 2013 FIA World Endurance Championship with the backing of Lotus Cars under the title Lotus LMP2. In 2014 they lost their Lotus backing and rebranded as ByKolles Racing with a new LMP1 prototype, the CLM P1/01.[1]
In 2017 Robert Kubica was set to return to active racing again in the ByKolles car for the WEC season.[5] In April 2018 he withdrew from the team before the first race of the 2018-2019 season.[6]
Former Caterham F1 boss Manfredi Ravetto joined the ByKolles team in 2018.[7]
On March 25, 2022, Kolles announced his intention to enter the car in the 2023 FIA World Endurance Championship, stating that "If we receive a welcome, we will be ready to race."[9]
On 2 April 2022 the team revealed the new Vanwall Le Mans Hypercar following a photoshoot held at a German airport some days earlier with Christophe Bouchut driving the car.[10] The team officially rebranded to become the Vanwall Racing Team[3] with the chassis named after 1950s Vanwall team owner Tony Vandervell.
The Vanwall name was registered as a marque by Kolles' agents PMC, in Germany, before the launch of the car.[13] However, the use of the Vanwall marque is in question after ByKolles lost a EUIPO case brought by the continuity project Vanwall 1958 based in the UK, who also plan to build cars for competition using the Vanwall marque and history.[4]
After a string of uncompetitive results and retirements, Villeneuve was dropped by the team for the 2023 24 Hours of Le Mans and replaced with Tristan Vautier. Villeneuve subsequently withdrew from the remainder of the season, releasing a statement questioning the team's actions and expressing his disappointment at the situation.[14] Dillmann would leave the team following the 2023 24 Hours of Le Mans, stating that his leave was on "good terms"; he was replaced by João Paulo de Oliveira for future rounds.[15]Ryan Briscoe would end up replacing de Oliveira for the final round of the season.[16] In November 2023 the 2024 FIA World Endurance Championship entry list was announced and did not include the team.[17] It was later revealed that Kolles had struck an engine deal with Pipo Moteurs, who had previously powered Glickenhaus, before the entry request was declined.[18]
^Karthikeyan, who was nominated as the starting driver for the No. 14 Kolles entry, dislocated his shoulder going over the pitwall before the formation lap. He was unable to take part in the race and was therefore not credited with seventh place.[19]
^The No. 4 ByKolles CLM-AER was excluded from the race for not having the correct driver weight ballast. Prior to the exclusion, the car was not classified in the race results for failing to complete 70 per cent of the overall winner's distance.[20]