23Red Racing has been formed out of the former Lucas Dumbrell Motorsport two-car Holden team, with long-time sponsor Phil Munday assuming a 60 percent share and former Supercars driver Cameron McConville taking on the role of team director.

23Red Racing has entered into a technical alliance with Prodrive Racing Australia and will field the ex-PRA Falcon driven to victory this year in the Sandown 500 by Cameron Waters and Richie Stanaway.

“Hearing what Phil wants to do with his team – he’s obviously been very successful in his businesses and he’s a people person – I get a really good vibe about his vision and his commitment that he’s going to bring to the sport and the team,” Davison told Supercars.com.

“A big, big commitment, starting off with some great hardware and a great alliance with the technical package.

“We’re not going to mess around, he really wants my input and you can tell early on he really values it.

“In the short time it’s been incredibly nice and open, very transparent and open with every single detail of the team.

“You get a good vibe straight away with what he wants to do with the team, he knows how to get the most out of people.

“We’ve got a clean sheet of paper, we’ve clearly got a bit of work ahead of us to build something up.

“All the writing’s there that we can put something really good together and we can really surprise some people.

“I reckon it’s going to be some fun and I reckon we’re going to have a good opportunity to be competitive.”

Davison makes his departure from Tekno Autosport at the end of his second season with the team. After claiming a surprise victory at Bathurst last year, the 2017 season has been a disappointment for both the team and Davison.

23Red Racing will be Davison’s sixth different team in Supercars racing.

Dunlop Super2 race winner Jack Le Brocq is tipped to replace Davison at Tekno.