The club began league speedway in 1962, as part of the inaugural Soviet Union Championship and won the bronze medal during the first year of competition.

The stadium that the club were based at underwent a significant reconstruction in 1983, which propelled the team to success, helping them win the championship of the Soviet Union for three consecutive years from 1985 to 1987.

[3] It was not until the fall of Real socialism in the Eastern Bloc countries, that clubs began to choose names of their own, Signal Rivne became Fantastic Rivne and they won the final championship under the Soviet Union flag.

It was not until 2003 that they were accepted into the Russian Team Speedway Championship, competing as Ukraine Rivne until the end of the 2006 season.

[5][6] Since 2011, the team have sporadically raced, participating in events such as the Speedway Friendship Cup, featuring clubs from Europe.