The FD01 was the first car of the newly formed Brazilian F1 team founded by Wilson and Emerson Fittipaldi and backed by national company Copersucar, the world’s largest sugar and ethanol producer. The car was designed by Brazilian Ricardo Divila, who had worked for Fittipaldi, designing Formula Vee and Formula Two cars, and modifying their Lotus and Brabham chassis. National aerospace company Embraer was also involved, supplying materials to the fledgling team and providing wind-tunnel time. The car designated FD01 (stands for Fittipaldi and Divila) and painted in silver with rainbow markings on the flanks, was unveiled in October 1974 at the Federal Senate in Brasilia in the presence of President Ernesto Geisel. In the first round of the 1975 season, in Argentina, Wilson retired after he crashed the FD01, the car subsequently catching fire, on lap 13 of its only race. The FD01 was replaced by the FD02 which had a bigger airbox and new sidepod. Later the season the FD03 chassis appeared.