former McLaren F1 driver Kevin Magnussen would fill in for Rosenqvist at Road America. On August 8, 2021, McLaren announced they had purchased a 75% ownership stake in the team, with Schmidt and Peterson sharing a 25% stake in the team and remaining on the team's board of governors. Lead sponsor Arrow Electronics also signed an extension with the team that would have them as the primary sponsor through the 2029 season. For the 2022 IndyCar Series, the team's first under McLaren ownership, both O'Ward and Rosenqvist would return to the team as full time entries. The #6 car would again return on a part-time basis for the GMR Grand Prix and the 2022 Indianapolis 500 driven by Juan Pablo Montoya. O'Ward and Rosenqvist would finish second and fourth in the Indianapolis 500 respectively, the team's best finish at Indianapolis to date. the team announced they had signed Alexander Rossi to drive a third full time car from 2023 and beyond. For 2023, the team announced they had signed Alexander Rossi to drive a third full time car. Additionally, team president Taylor Kiel left the team. His duties were parsed and redistributed between Brian Barnhart, who joins the team with Rossi from Andretti Autosport as General Manager, and Gavin Ward. Indy Lights Schmidt's Indy Pro Series – later Indy Lights – program has been one of the most successful in the series' recent history, winning the 2004 championship with Thiago Medeiros, the 2006 title with Jay Howard, and the 2007 title with Alex Lloyd. After two less successful seasons, it captured its third championship in 2010 with Jean-Karl Vernay. Once again on top, the team took home a 2012 Lights championship title with Tristan Vautier. For 2013 the team's Indy Lights drivers were Jack Hawksworth, Gabby Chaves, and Sage Karam. Karam won the championship in 2013, becoming the eighth rookie to become series champion. Schmidt fielded four drivers in 2014. Jack Harvey was runner-up with four wins and ten podiums in fourteen races. Luiz Razia ended fifth with one win and five podiums. Juan Pablo García finished sixth and Juan Piedrahita was seventh, both with no podiums. In 2015, Harvey was runner-up again with two wins and eight podiums in sixteen races. RC Enerson finished fourth with one win and five podiums. Scott Anderson and Ethan Ringel ended ninth and eleventh respectively with one podium each. For 2016, Schmidt would