Carrasco began riding a minibike at the age of three after her elder sister received one but did not use it. Her father Alfonso Carrasco, who had worked as a mechanic for multi-Spanish champion José David de Gea, guided her early development. She won the 125cc Extremeño Speed Championship and the 125cc Murcia-Pre-GP Championship in 2009 — the first woman to claim either title — and followed up with strong results across several Spanish regional championships through 2010.
In 2011 she entered the FIM CEV International Championship in the 125cc category, becoming the first woman to score points in the series with a 16th place at Jerez. After switching to the CEV Moto3 Championship in 2012, she qualified sixth for the season opener at Jerez — the highest starting position achieved by a female Spanish competitor at that point.
Carrasco made her Moto3 World Championship debut in 2013 with JHK Laglisse, riding a KTM. She scored the first points finish by a woman in Moto3 with a 15th place at the Malaysian Grand Prix, the first time a female rider had scored in Grand Prix motorcycle racing since Katja Poensgen in the 250cc class at the 2001 Italian Grand Prix. She reinforced the achievement with an eighth place at the season-closing Valencian Community Grand Prix — the best finish by a female rider across all GP classes since Tomoko Igata's seventh in the 1995 Czech Republic 125cc race.
Her 2014 campaign with RW Racing was disrupted by funding problems, cutting her season short after fourteen rounds with no points scored. In 2015 with RBA Racing Team, a collarbone fracture before the opening Qatar round cost her the start of the season, and subsequent shoulder surgery following a collision at the German Grand Prix ended her year early again.
Carrasco moved to the newly formed Supersport 300 World Championship for its inaugural 2017 season, riding a Kawasaki Ninja 300 for ETG Racing. Her breakthrough came at the seventh round at the Algarve International Circuit, where she overtook two riders on the final lap to win — becoming the first woman to win an individual world championship motorcycle race. She finished eighth in the championship with 59 points.
For 2018, she switched to the DS Junior team's Kawasaki Ninja 400. She secured the first pole position by a woman in the class at Imola and won the race, then repeated both at Donington Park to extend her championship lead. Despite regulatory restrictions on bike performance in mid-season, she arrived at the final round at Magny-Cours ten points clear of teammate Scott Deroue. Deroue retired with mechanical problems and Carrasco finished 13th, but that was enough: she became the first woman in history to win a motorcycle road racing world championship. She was among the five nominations for the Laureus World Sports Award for Breakthrough of the Year in February 2019.
In 2019 with Provec Racing (aligned with Kawasaki Motors Europe), she won two races — Misano and Magny-Cours — and took three further podiums, finishing third in the standings with 117 points. A test session crash at Estoril in September 2020 fractured two thoracic vertebrae and ended her season. In 2021 she returned to win at Misano and scored points on eight occasions, finishing 16th in the standings with 52 points.
Carrasco returned to Moto3 in 2022 with Boé Motorsports on a KTM, but failed to score points in either 2022 or 2023. Her 2023 campaign was cut short by a broken tibia and fibula suffered at the Indonesian Grand Prix.
In 2024, she competed in the inaugural FIM Women's Motorcycling World Championship (WorldWCR), establishing herself as the title contender from the opening two-day test at Cremona. She won the championship, adding a second world title to her name.
For 2025, Carrasco moved to the Supersport World Championship rather than defending her WorldWCR crown, joining the Honda Racing World Supersport team — Honda France — in the WorldSSP Challenge.
Carrasco's career trajectory — from early domestic wins to two world championship titles across nearly a decade — established her as the defining figure in women's motorcycle road racing of the 2010s and 2020s. Her 2017 Portimão victory and 2018 championship are frequently cited as the moments that most durably reshaped how the sport addressed female competition at its highest levels.
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