Formula Lites was a spec racing series designed to provide a stepping stone for drivers aspiring to higher levels of open-wheel racing. The series utilized a chassis designed by Crawford Composites and powered by a Honda engine. The goal was to offer an affordable and competitive platform for driver development.
The series aimed to bridge the gap between karting and more advanced formulas like Indy Lights or Formula Atlantic. While it attracted some talented drivers, the series struggled to gain widespread popularity and ultimately ceased operations.