The Virgin Racing Formula 1 team was officially launched in London today, where it was confirmed that one of the sport’s four new entrants has teamed up with Sir Richard Branson’s Virgin brand to embark on an exciting F1 (ad)venture.

300 guests assembled at the Louise Blouin Foundation in Notting Hill, the London district where it all began for the Virgin brand. The Rick Parfitt Jr band provided the icebreaker before the venue rocked to the electrifying sound of a Formula 1 car courtesy of a collection of up and coming musicians playing electric guitars.

Richard Branson and the Virgin Racing management team of Nick Wirth, John Booth and Alex Tai outlined the vision for their lean, mean racing machine and revealed the team’s dynamic young driver line-up. Alongside Timo Glock were two new additions to the Virgin Racing stable - Brazilian hot shot Lucas di Grassi and GP2’s Portuguese revelation Alvaro Parente.

Virgin Racing also welcomed no fewer than nine new partners to the team.

Virgin Racing had better get used to the lights, cameras and action. A star is now born and the countdown to the 2010 curtain-raiser has begun.

For more information head to Virgin Racing.