The series is founded for levelling up the competition for all drivers, with each team committing on a maximum budget of €400,000 every season.

[1] The championship was inaugurated in 2023, and was formed as an alternative to the FIA-sanctioned Formula Regional European Championship and the Euroformula Open Championship, especially after the latter series struggled to attract entries in late 2022.

[2][3] Teams use the identical Tatuus F3 T-318 chassis from the Formula Regional European Championship, but these chassis are provided with a new intercooler, updated body kit, and battery kit.

[5] The car is fitted with a 270 hp (200 kW) Alfa Romeo-Autotecnica engine and Hankook tires.

There is also a push-to-pass system used in these cars which provides an additional 25 hp (19 kW).