The team launched in 2011 as Erebus Racing, focused on GT competition with a Mercedes SLS AMG GT3. Owner Betty Klimenko built a GT programme before making a significant expansion into the Supercars Championship in 2013 following the purchase of Stone Brothers Racing. The team relocated from its original Gold Coast base in Yatala (the former Stone Brothers facility) to Moorabbin in Melbourne at the end of 2015, then to a new facility in Dandenong in mid-2016.
In the 2011 Australian GT Championship, driver Peter Hackett campaigned the team's first Mercedes SLS AMG GT3. Early 2012 brought the team's first significant result when Hackett co-drove to second place in the Bathurst 12 Hour alongside Tim Slade, Jeroen Bleekemolen, and Bret Curtis. The team won the 2013 Bathurst 12 Hour with car number 36, driven by Bernd Schneider, Thomas Jager, and Alex Roloff, surviving mixed conditions with a lead of over a lap at the finish. The 2014 Australian GT Championship title followed with Richard Muscat behind the wheel.
Erebus entered Supercars in 2013 with three Mercedes-Benz E63 AMGs under the new Car of the Future regulations, an unusual choice that marked the first time a non-traditional manufacturer had run cars in the category. The E63 AMGs proved uncompetitive against the established Holden and Ford runners, and the team struggled in its early seasons. Lee Holdsworth scored the team's first Supercars race win at Winton in April 2014, and Will Davison added a second victory at Barbagallo in 2015.
The team switched to Holden Commodore VFs for 2016, with David Reynolds joining as the lead driver. Reynolds, partnered by Luke Youlden, won the rain-affected 2017 Bathurst 1000, the team's most celebrated result. Reynolds remained a strong performer through subsequent seasons, finishing fifth in the 2018 championship. Anton de Pasquale developed alongside him from 2018, and the pairing continued through 2020.
For 2021, Will Brown and Brodie Kostecki replaced Reynolds and de Pasquale. Boost Mobile's title sponsorship from 2022 rebranded the team as Boost Mobile Racing by Erebus, and Coca-Cola Europacific Partners then took naming rights for 2023 and 2024. With the Gen 3 regulations in 2023, the team switched to Chevrolet Camaro ZL1s. Brodie Kostecki won the 2023 drivers' championship, and Erebus won the teams' title — the team's first championships.
The 2024 season brought significant turbulence. Just weeks before the season-opening Bathurst 500, reigning champion Brodie Kostecki parted ways with the team following reported internal disputes, with major sponsors including Coca-Cola simultaneously withdrawing. Todd Hazelwood replaced Kostecki for the opening rounds before Kostecki returned mid-season. Jack Le Brocq partnered as the second full-time driver throughout the year.
2013 Bathurst 12 Hour victory (Schneider, Jager, Roloff)
2017 Bathurst 1000 victory (Reynolds and Youlden)
2023 Supercars drivers' championship (Brodie Kostecki)
2023 Supercars teams' championship
Erebus Motorsport represents one of the more unconventional stories in Australian motorsport, built by a private female team owner entering a historically manufacturer-dominated series with an unproven German luxury car before eventually rising to championship success. The team's journey from GT racing through the difficult E63 AMG era to Bathurst victory and a championship title illustrates a persistent development arc under consistent ownership.