[2] Moid Tungekar is the CEO of Mumbai Falcons.

They made their debut in November 2019 in the X1RL league with their 5 drivers Kush Maini, Mikkel Jensen, Pippa Mann, Karthik Tharani and Sohil Shah.

[3] The team became the first Indian team to compete[4] and finish in the top 3[5][6][7] in F3 Asian Championship with the drivers Kush Maini and Jehan Daruvala.

On 20 February 2022, Mumbai Falcons secured a historic double victory in the Formula Regional Asian Championship held at UAE winning both the Driver and Teams Championship.

[11] Greater success came in 2023, winning both titles in the inaugural Formula Regional Middle East Championship with Andrea Kimi Antonelli,[12] and the F4 UAE Championship with James Wharton.