The company was established in 1989 by Bertrand Decoster and its factory is based in the Technopole of Magny-Cours, France.

More recently, it entered the Formula Three market in 2006 and the M-06 and M-07 F3 chassis have appeared in limited numbers in the British, German and European championships.

It focussed its efforts on the British series in 2007 in a close partnership with Ultimate Motorsport that yielded fifth place in the teams' standings.

[2] In 2012, Mygale supported the SCCA Formula F (Honda and Ford engines) class in the United States with new North American chassis distributor with 2011 Indianapolis 500 champion organization Bryan Herta Autosport as the importer.

With Van Diemen, Reynard Motorsports and Swift Cooper dominating the Formula Ford market, Mygale had a hard time breaking through.

This time his teammate from the 1993 season, Soheil Ayari won the championship in a Van Diemen.

A Mygale chassis again won the French Formula Ford championship in 1996 with David Terrien.

In 1997, two customer Mygales fielded by Haywood Racing entered the British Formula Ford championship.

More success at the Formula Ford Festival came the following year with Jenson Button winning the title.

In 1996 Mygale fielded David Saelens and Alex Yoong in the Formula Renault Eurocup.

The following season Mygale did not enter the Formula Renault Eurocup which now was dominated by Tatuus and Martini.

[6] Mygale returned to the Eurocup and the French championship in 1998 with Beltoise and British driver Matthew Davies.

In the final year of the open chassis Formula Renault era Mygale fielded three drivers in the French championship.

[7] In 2000 the Mygale chassis were entered in the American Continental Championship class, for cars built before 2000.

Tõnis Kasemets drove a Mygale at Road America, here he captured a podium finish in class in the second race.

Mygale scored a one-two finish at the Formula Ford Festival in 2000 with Anthony Davidson and Danica Patrick.

Mygale chassis filled the podium in the French championship with Jérémie de Souza winning the title.

Mygale won nine consecutive championships in the world's oldest Formula Ford class.

For the 2013, when the British Formula Ford was introduced to aerodynamic aids, Mygale was joined by Fluid Motorsport entering Sinter LA12 chassis.

Radical Sportscars Formula Ford team started the season in Sinter chassis but due to poor results they switched to Mygale after three rounds.

Mexican driver Pablo Sánchez López, fielded by Alan Racing Team, scored four wins and secured the third place in the championship.

Riccardo Agostini driving the only Mygale chassis won the Italian championship winning 5 races.

Bryan Herta Autosport was appointed as the official importer for Mygale North America and fielded a factory supported team.

In their inaugural season, 2012, BHA driver Brandon Newey achieved four wins and a second place in the championship.

Mygale chassis were also raced in the Canadian Formula Tour 1600 and Toyo Tires F1600 Championship Series.