Kevin Kalkhoven founded KV Racing Technology in 2003 (originally as PK Racing, then PKV Racing from 2004 through 2007). Kalkhoven, a venture capitalist, and 1996 CART World Series champion Jimmy Vasser currently co-own KV Racing Technology, which competes in the IZOD IndyCar Series.
In addition to KV Racing Technology, Kalkhoven also co-owns, along with Gerald Forsythe, Cosworth Racing, Cosworth Electronics and the Long Beach Grand Prix Association, parent company for the Toyota Grand Prix of Long Beach, one of the world’s longest running auto racing street events.
In 2004, Kalkhoven, Forsythe and Paul Gentilozzi purchased the assets of CART (Champ Car) and operated the Champ Car World Series until February, 2008. Kalkhoven reached an agreement with Tony George, owner of the Indy Racing League, to unify the two open-wheel series and merge under the banner of the IndyCar Series.
Kalkhoven and Vasser moved their racing team from the Champ Car World Series to the IndyCar Series following the 2008 Toyota Grand Prix of Long Beach, the final Champ Car race won by KVRT driver Will Power.
In other business ventures, Kalkhoven joined Uniphase Corporation in 1992 as President, CEO and Chairman. He oversaw the company’s merger with JDS FITEL in July, 1999 and transformation from a privately held manufacturer of industrial lasers into a publicly held leading global supplier of components and modules for today’s advanced fiber optic telecommunications networks. During Kalkhoven’s tenure, the Company’s annual sales rate increased over 67 times from $23 million in fiscal 1991 to the $394 million reported for the quarter ending March 31, 2000. In addition, the market cap of the company grew from $35 million to $100 billion and became a member of the NASDAQ 100. Kalkhoven retired from JDS Uniphase in May, 2000 and co-founded the venture firm, Kalkhoven, Pettit, Levin and Johnson (KPLJ Ventures LLC) in August 2000.
Kalkhoven was noted in May, 2000 Worth magazine as one of America’s Top 50 CEOs. He was named the No. 5 Most Powerful and Influential person in Racer Magazine’s 2005 Power and Influence in Racing (Nov., 2005 issue).
A noted philanthropist, Kalkhoven is on the Board of Directors of the Association of Hole in the Wall Camps, which benefits children with serious and life-threatening medical conditions. He is a principle benefactor to the Mayo Clinic and has donated substantially to the Canary Foundation, which is dedicated to the early detection of cancer. Kalkhoven is a trustee of the Lizard Island Marine Research Station on Australia’s Barrier Reef. In addition, Kalkhoven is a donor to the Ansari X Prize, a competition to build privately funded manned passenger spacecraft.