Colapinto began competitive karting at nine years old. He won the Argentine Karting Championship in 2016 and 2018, and moved to Italy alone at fourteen to pursue a professional career. At the 2018 Summer Youth Olympics, he won the karting exhibition race. His father sold the family home to fund early racing campaigns — twice over, first for 2018 and again for the full 2019 F4 season.
Colapinto won the 2019 F4 Spanish Championship with Drivex by nearly one hundred points, taking ten poles, eleven wins and thirteen podiums across the season. In 2020 he finished third in both the Formula Renault Eurocup with MP Motorsport, winning twice, and the Toyota Racing Series with Kiwi Motorsport.
He contested the Formula Regional European Championship in 2021 with MP Motorsport, taking two wins despite missing rounds due to sportscar commitments. He moved to FIA Formula 3 in 2022 with Van Amersfoort Racing, scoring pole position on debut at Sakhir and winning twice to finish ninth overall. Returning to the category in 2023 with MP Motorsport, he won twice more and finished fourth in the standings.
In the 2024 FIA Formula 2 season, driving for MP Motorsport alongside Dennis Hauger, Colapinto made his breakthrough with a memorable last-lap pass on Paul Aron for victory at Imola. He had accumulated six championship points before vacating his seat mid-season following his promotion to Formula One, and was replaced by Oliver Goethe.
Colapinto competed in LMP2 in 2021 for G-Drive Racing, winning the 4 Hours of Le Castellet in the European Le Mans Series. He also raced at the 24 Hours of Le Mans, finishing seventh in class. At the 24 Hours of Spa, he deputised at short notice for Team WRT. His FIA categorisation progressed from Silver in 2021 to Gold in 2022 and Platinum in 2025.
Colapinto joined the Williams Driver Academy in January 2023 and completed a first Formula One test at the Yas Marina post-season test driving the Williams FW45. He made his free practice debut at the 2024 British Grand Prix.
After the 2024 Dutch Grand Prix, Williams announced that Colapinto would replace Logan Sargeant for the final nine rounds of the season alongside Alexander Albon. On debut at the Italian Grand Prix he qualified eighteenth and finished twelfth. At the Azerbaijan Grand Prix, starting ninth, he finished eighth — his maiden points finish and the first championship points scored by an Argentine since Carlos Reutemann at the 1982 South African Grand Prix.
He added a further points finish in the United States, finishing tenth. The remainder of the season was mixed: a heavy barrier impact in Las Vegas qualifying forced him to start from the pitlane; component shortages in Qatar affected his pace; a first-lap collision and subsequent cooling issue ended his Abu Dhabi race early. He finished the 2024 season nineteenth in the standings with five points across nine Grands Prix.
Colapinto joined Alpine as a test and reserve driver on a multi-year deal for 2025. Following the Miami Grand Prix, Jack Doohan was demoted to reserve and Colapinto was promoted to a race seat on a rotating basis. He started and finished sixteenth at his Alpine debut in Emilia Romagna. His best result in 2025 was eleventh at the Dutch Grand Prix.
For 2026, Colapinto continued as a full-time driver alongside Pierre Gasly. At the Australian Grand Prix season opener, a split-second swerve to avoid a stalled car at the start — squeezing through a gap to the pit wall — drew widespread attention; Mercedes driver George Russell described the move on social media as the "save of the season." Colapinto received a stop-and-go penalty for a start procedure infringement and finished fourteenth. At the Chinese Grand Prix he scored his first Alpine point, qualifying twelfth and finishing tenth after running as high as second during the race. He achieved a career-best sixth place at the Canadian Grand Prix.
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