AIX Racing is a German auto racing team currently competing in the FIA Formula 2 Championship and the FIA Formula 3 Championship.

In 2023, PHM had announced a new sponsorship deal with the Dubai-based AIX Investment Group that would see the team renamed PHM AIX Racing for 2024.

[7] At Round 4 of the 2024 FIA Formula 2 Championship in Imola, the team got their first podium with driver Joshua Dürksen finishing in third place in the feature race.

[9] In late August 2024, Barnard, who was the reserve and development driver for McLaren in Formula E, was promoted as a full time driver for the 2024–25 season and subsequently ended his Formula 2 campaign.

He was replaced by Niels Koolen for Rounds 11 and 12 at Monza and Baku respectively.