Vision Racing was a racing team in the Indy Racing League founded in 2005 when Tony George purchased the assets of the defunct Kelley Racing and hired his stepson Ed Carpenter to be the driver. The team has previously raced in the Izod IndyCar Series, Firestone Indy Lights and the Grand-Am Sports Car Series. The team suspended operations in January 2010.
George and Carpenter formed a new race team in 2012, Ed Carpenter Racing.
In its first season in the IRL the team was consistently one of the slowest on the track. Although, Carpenter finished 11th in the 2005 Indianapolis 500 and added the team's first top-10 finish at Nashville Superspeedway. Carpenter ended the season eighteenth in driver points and the team finished a disappointing twentieth in entrant points. The team also fielded Nick Bussell and Jay Drake in the Indy Pro Series. Drake picked up five top five finishes and ended up ninth in points while Bussell had eleven top five finishes and finished an impressive fourth in points. Though both drivers did very well the team did not return to the Pro Series the following year.
The team returned in 2006 hiring of a new team engineer and expansion to two cars with veteran race winner Tomas Scheckter. The team fared much better with Scheckter capturing a 3rd place finish at the Milwaukee Mile and finishing 10th in points while Carpenter improved from 18th to 14th in points and captured his first top-five. The team also fielded the number 90 Rock & Republic car driven by Townsend Bell for the Indy 500. Bell retired early from the race as did Scheckter, but Carpenter finished in eleventh. Actor Patrick Dempsey also joined the team in 2006 as co-owner.
In 2007 the team expanded to three cars with the addition of A. J. Foyt IV and picked up Hitachi, Lowe's and Joost as sponsors. Foyt matched Scheckter's team-best 3rd place finish with a race-leading run at Kentucky Speedway. Vision fielded a fourth car driven by veteran Davey Hamilton and sponsored by HP for the Indy 500. Hamilton finished an impressive ninth just two spots behind teammate Thomas Scheckter in seventh. Scheckter finished tenth in points with Foyt finishing fourteenth and Carpenter finishing in fifteenth.