![]() of Team Losi sold the Team Losi brand to Horizon Hobby in 2001. However, the partnership lasted only a few months before the two companies split. Most if not all Losi Factory Drivers were using Trinity motors or batteries at the time. ![]() In the late 1990s, Ernie Provetti's company (Trinity) bought a 50% stake in Losi. Team Losi early success in the 1/10-scale offroad electric category winning multiple world championship. The Street Weapon was not only Team Losi's first on-road Sedan, but also the first IFMAR IWC Touring Car Championship Chassis. The JRx-Pro SE was the first competition buggy to come standard with a molded composite chassis in an era where stamped aluminum and graphite plates were the standard. The JRx-T was the first "purpose built" electric stadium trucks that did not require racers to modify an existing buggy. Released to the public in 1988, the JRx-2 featured 5-link rear suspension arms, carbon-graphite chassis, and all-natural rubber racing tires. Team Losi's first vehicle, the JRX2, was a 1/10 Scale 2wd Off-Road racing buggy. The car he raced was a highly modified Yokomo - YZ-834B. who won the first IFMAR 1:10 Electric Off-Road World Championships held in 1985. The company was founded by Gil Losi Snr and Gil Losi Jr. In 2000, Losi become part of the Horizon Hobby family. The brand dates back to the early 1980s with roots in Southern California. Team Losi Racing, often referred to as TLR, has been designing radio-controlled cars and accessories for 40 years primarily as high end competition products. In November of 2021, Horizon Hobby announced the acquisition of Realflight RC Flight Simulator from Knife Edge Software. īefore being purchased by Horizon Hobby, the Losi remote-controlled car division had been a separate company founded by Gil Losi with the release of the JRX2 in 1988. Horizon Hobby entered an agreement to purchase its competitor, Hobbico, in April 2018. and Champaign-based Armory Capital LLC founded by Jacob Ambrose. The group includes Minneapolis-based Mill City Capital L.P. On December 9, 2013, Horizon announced that the company was being bought by a group of investors led by Horizon's CEO, Joe Ambrose. In 1992, Hobby Dynamics merged with Horizon Hobby which led the company to direct-to-consumer sales. In October 1985, Horizon Hobby was founded by Rick Stephens, an American entrepreneur. It currently manufactures various hobby-grade radio-controlled (RC) models, as well as Athearn model trains and die-cast models, which it sells direct to consumers as well as to hobby retailers. is an American international hobby product distributor, headquartered in Champaign, Illinois, United States. JSTOR ( November 2015) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification.
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