On 1 January 2000 Pescarolo Sport was founded in the town of Le Mans, within the grounds of the Circuit de la Sarthe and near Courage Compétition's headquarters.

Running in the FIA Sportscar Championship again, the team started the season with a win, but suffered three straight failures to finish in the following races.

Le Mans saw some improvement, with both car finishing and taking eighth and ninth place, however Pescarolo began to suffer financial woes.

With the aid of investment from Sony and promotion of their PlayStation 2 as well as Gran Turismo 4, Pescarolo were able to find the money to purchase new Judd GV5 V10s, as well beginning their first work in engineering.

Feeling the Courage C60s were not perfect, Pescarolo Sport began development of new bodywork and mechanical elements in order to increase the cars performance.

Although still strapped for cash, the team began a one car effort in the new Le Mans Endurance Series due to the FIA Sportscar Championship folding at the end of 2003.

In the Le Mans Series, Pescarolo out performed the competition and were able to sweep the entire season, winning all five races and easily defending their championship title.

Following the end of the 2006 season, Pescarolo Sport announced their plans to develop their own, all-new chassis for 2007 in order to comply with new Le Mans Prototype regulations.

Following on from two for Pescarolo Sport, 01s were supplied to Rollcentre Racing and Kruse Motorsport for use in the Le Mans Series season.

Pescarolo Sport ended the 2007 in second place in the LMP1 standings, behind one Peugeot 908 HDi FAP but ahead of the other, while Rollcentre Racing took fourth.

[4] Pescarolo Sport and Sora Racing were granted one entry each for the 2010 24 Hours of Le Mans with a plan to use Gravity drivers.

The Pescarolo 01 was also entered one last time at the 2012 12 Hours of Sebring as part of a planned entry in the World Endurance Championship with a new car based upon the ill-fated Aston Martin AMR-One project.

[4] Sora Composites built the Pescarolo 02 prototype from 2009 for the Automobile Club de l'Ouest's driving school at the Bugatti circuit.

[7] However, when the 2024 World Endurance Championship season began, the team never appeared in the opening round at Qatar, and Peugeot later updated their 9X8 by adding a rear wing before their next race at Imola a month later.