The championship is a spec series, meaning that all teams compete with an identical Tatuus F4-T421 chassis and tyre compounds developed by Pirelli.

The championship traces its roots back to 2004, when Formula Woman was established due to the lack of female drivers in other series.

[3][4] On 18 November 2022, Formula One announced the creation of F1 Academy, a racing series for women aiming to focus on developing and preparing young drivers to progress to higher levels of competition.

Formula E presenter Nicki Shields became the lead commentator for the season, with Alex Brundle and Jordan King joining her as co-commentators.

Wild card entries will be introduced at specific rounds in order to promote and strengthen the talent pool in the areas where the series races.

[21] The Formula Regional European Championship (FRECA) has guaranteed a fourth entry to any team that signs a driver who finished P1, P2 or P3 in the F1 Academy standings.

[22] 2023 champion Marta García received a fully funded seat in the 2024 FRECA Championship courtesy of F1 Academy, PREMA Racing, Tatuus and Pirelli.

[24] F1 Academy cars are built on the Tatuus F4-T421 chassis used in Formula 4 championships globally since 2022, although modified front and rear wings make the aero package unique.