Team AirAsia was officially accepted to the GP2 Series grid on 21 September 2010, along with fellow debutants Carlin Motorsport, filling the gap left by the departures of Durango and DPR.

[4] After finishing seventh in the teams' championship in the truncated Asia Series, Valsecchi began the main series strongly, scoring points six times in the first eight races of the year, including the team's first victory in the feature race at Monaco, which propelled him into contention for the drivers' championship.

Razia took over as the team's driving force, securing Caterham's first pole position at the Hungaroring and ending the season twelfth in the standings.

In a continuation of the previous season's policy, Van der Garde also became the Caterham F1 team's test and reserve driver.

Following the abandonment of the Asia Series, both drivers competed in an expanded main series season: team leader Van der Garde scored a brace of race victories, pole positions and fastest laps, but failed to trouble the championship protagonists and finished the year sixth overall, whilst González picked up six points and finished in 22nd position.