During 2009, the team was sold and all remaining ties with part-owner Nelson Piquet were severed.

Leimer won a single race but was unable build on it, restricting him to fourteenth place in the drivers' championship, whilst Leal did not score at all; Rapax dropped to tenth in the teams' championship.

In 2012, the team improved to ninth overall through the combined efforts of Tom Dillmann, Stefano Coletti, Ricardo Teixeira and Daniël de Jong.

Dillmann was the most successful with a single victory, but was dropped for budgetary reasons mid-season and replaced by De Jong.

By contrast, Teixeira competed in all but one round of the season, but failed to score any points.

The team had completely changed their line-up for the 2015 GP2 Series, signing with Sergey Sirotkin and Robert Vișoiu.

[10] Rapax field two new drivers at Spa, signing with Louis Delétraz and Roberto Merhi.

But the team decided to stop their racing activity and leave the FIA Formula 2 Championship.