The team debuted as Luczo Dragon Racing in 2007. The team fielded a one-off entry at the 2007 Indianapolis 500 with driver Ryan Briscoe. Jay Penske and Stephen J. Luczo were co-owners. Briscoe qualified 7th and finished 5th at Indianapolis 500. The car was notable for being painted in a "retro" paint schemes to resemble Rick Mears' 1988 Indianapolis 500 winning car, with Norton software as the lead sponsor.