Iron Dames was founded in 2018. The initial driver roster consisted of Rahel Frey, Michelle Gatting, and Manuela Gostner. Their first competitive outing was the 2018 12 Hours of Dubai, where the trio finished second in the GT3 Pro-Am class and ninth overall.
In 2019, the team made their debut in the European Le Mans Series competing under the Kessel Racing name. The #83 "Iron Dames" entry placed fourth in the championship with two podium finishes, and the #60 "Iron Lynx" entry placed sixth with two podiums. At the 24 Hours of Le Mans, the #83 finished ninth in class and the #60 placed thirteenth in class.
2020 marked the first year of the team competing under the Iron Lynx name. Frey, Gatting, and Gostner returned for the ELMS and the 24 Hours of Le Mans, again finishing ninth in the LMGTE Am class at Le Mans. Gatting and team owner Deborah Mayer formed the first all-female pairing in the Le Mans Cup. The team also entered two rounds of Ferrari Challenge Europe, with Gatting competing in the Pro class.
The 2021 ELMS season saw the introduction of Sarah Bovy after Esmee Hawkey, a former W Series driver, was fired before the first round after it emerged that her manager Mark Blundell had provided an incorrect licence grading. Gostner temporarily replaced Hawkey before Bovy finished the season. On 20 November 2021, Michelle Gatting became the first female champion of the Ferrari Challenge. In single-seaters, the team signed Maya Weug for the 2021 Italian F4 Championship; Weug recorded three podiums and finished seventh in the championship.
For 2022, Iron Dames began racing under their own licence and entered the GTE Am class of the FIA World Endurance Championship with a Ferrari 488 GTE Evo. Sarah Bovy became the first woman to claim a pole position in WEC history, qualifying first at both Monza and Bahrain. The team finished third in the GTE Am championship and recorded three podiums. In GTWS Europe Gold Cup, the team finished second with a class victory at the 24 Hours of Spa. In the ELMS, the #85 took a class victory and finished third in the LMGTE teams' championship. Doriane Pin won the Ferrari Challenge that year, taking nine victories from fourteen races along with thirteen podiums, ten pole positions, and eleven fastest laps.
At the 2023 8 Hours of Bahrain, Iron Dames became the final LM GTE class race-winning team in the FIA World Endurance Championship. Their drivers — Sarah Bovy, Michelle Gatting, and Rahel Frey — became the first all-female lineup to win an FIA WEC race.
For 2024, Iron Lynx became the de facto Lamborghini factory team in the FIA World Endurance Championship, campaigning a single Lamborghini SC63 in the Hypercar class and one Huracán GT3 Evo2 per program in the LMGT3 class. Gatting was promoted to Gold status; Frey, demoted to Silver, was replaced by Doriane Pin. Frey returned after Pin suffered broken ribs in a cycling accident before the Spa round. Following a troublesome campaign, Iron Lynx and Lamborghini terminated their partnership at season's end.
In 2024, the team entered the Formula Regional European Championship with Doriane Pin and Marta García, finishing eleventh in the teams' championship. In rallying, Sarah Rumeau and Julie Amblard competed in the Rally4 class of the French Rally Championship with Sarrazin Motorsport, scoring one top-five finish on both tarmac and gravel disciplines and finishing in the top five of the Asphalt championship.
Also in September 2023, Iron Dames announced expansion into equestrian sports by acquiring Global Champions Tour team Cannes Stars to compete in the show jumping discipline for 2024.
Following the end of the Lamborghini partnership, the Iron Dames aligned with Porsche for the 2025 FIA World Endurance Championship, partnering with Manthey Racing to campaign a 992-edition 911 GT3 R. This transition coincided with Porsche hiring Gatting as a factory driver. The rally programme expanded with Rumeau and Amblard joining the WRC2 Championship using Rally2 machinery alongside continuing in the French Rally Championship. In equestrian sports, the Iron Dames doubled their squad by acquiring the Monaco Comets outfit. By 2025, the project supported sixteen drivers across endurance, single-seater, rally, and karting competitions.
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