The Wolf brand makes its appearance in motor racing in 1976, when the Canadian Walter Wolf founded Walter Wolf Racing. The team takes part in the Formula 1 World Championship for four years between 1976 and 1979 with several drivers, including the names of Jody Scheckter, Keke Rosberg and James Hunt: 3 wins (including one at the debut), 1 pole position, 2 fast laps, 13 podiums and 79 points are the palmares of that period. Parallel to his commitment in Formula 1 in 1977, Wolf builds a Can-Am car with covered wheels.
The characteristic black-gold livery makes its return in 2009, when Avelon Formula, directed by Giovanni Bellarosa, decides after acquiring the rights to create an innovative project: the Wolf GB08. The car, a Sport Prototype in the CN2 class, powered by a 2-litre Honda engine, is built with great ambition and aims to open a new era in the category.