After a rapid formation, Trident secured a place on the 2006 GP2 entry list, represented by former Formula One driver Gianmaria Bruni and rookie Andreas Zuber.

GP2's organiser Bruno Michel commented: "Trident Racing put forward a proposal which promised strong sporting and engineering excellence.

For the 2015 season, Raffaele Marciello, of the Ferrari Driver Academy, and René Binder joined the team from Racing Engineering and Arden International respectively.

After a winless season the previous year, Ghiotto scored a victory at the sprint race in Malaysia bringing them to eighth in the standings.

For the 2008-09 season, Trident employed an unusually high number of seven drivers to share its two race seats: Giacomo Ricci, Alberto Valerio, Frankie Provenzano, Ricardo Teixeira, Chris van der Drift, Adrián Vallés and Davide Rigon all shared driving duties at some stage, propelling Trident to ninth in the teams' championship between them.

In 2018 the team was represented by Haas F1 test drivers Arjun Maini, Santino Ferrucci and Alessio Lorandi who switched from GP3 mid season after Ferrucci was banned for two rounds following a collision with teammate Arjun Maini at Silverstone,[4] then had his contract terminated citing sponsorship issues.

Boschung returned[8] for Hungary before stepping aside to relieve sponsorship issues at Monza for Giuliano Alesi who ran the sole car.

For the 2020 season, the team hired new Williams development driver Roy Nissany who had not raced in 2019 due to a pre-season testing injury.

In 2021, F3 graduate Bent Viscaal partnered with Sato, his best finish was 2nd at the second Monza sprint race bringing Trident their best ever result in F2.

Their drivers were Devlin DeFrancesco, Niko Kari, both of whom switched from MP Motorsport after competing with them in the GP3 Series; the latter moved to Formula 2 midway through the 2018 season, and Pedro Piquet, who raced for them in GP3.

For the 2020 season, Trident signed ADAC Formula 4 champion Lirim Zendeli who moved from the Sauber Junior Team by Charouz where he finished 18th in 2019.

[13] David Beckmann replaced Devlin DeFrancesco ahead of the latter's move to the 2020 Indy Pro 2000 Championship with Andretti Autosport in late June before a race had been run.

[14] 2019 saw the introduction of the Macau Grand Prix as a non-championship event run to FIA Formula 3 car specifications after the season has ended.