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.
The track debut takes place on April 25th 2010 at Misano World Circuit, on the occasion of the opening round of the Italian Sport Prototype Championship. Ivan Bellarosa dominates the whole weekend, establishing the pole position in qualifying and winning the first of a long series of victories. During the season, the Wolf GB08 has no rivals and in October, Bellarosa graduates as Italian Champion, after starting from the front row and three times from pole position, taking two wins, seven second places and five fastest laps in the race. In the same month, also comes the first international success with the affirmation in the Eurosport Prototypes Series.