It was formed during 1974 by racing driver Wilson Fittipaldi and his younger brother, double world champion Emerson, with money from the Brazilian sugar and alcohol cooperative Copersucar.
Tim ini didirikan tahun 1974 oleh pembalap Wilson Fittipaldi dan adiknya, juara dunia dua kali Emerson, dengan uang dari perusahaan gula dan alkohol Brazil Copersucar.