Craft-Bamboo will race in the new TCR International Series after announcing a title sponsorship partnership with Lukoil.
The team competed in the World Touring Car Championship under the Bamboo Engineering name until 2013, and will return to the series this year after missing the 2014 season.
Now the team will also enter the TCR series, which kicks off this year, with a trio of SEAT Leon cars.
Drivers will be announced soon, the team said.
"I am thrilled to announce our three car entry into the TCR International series," team boss Richard Coleman said.
"We are very excited to be working with Lukoil because not only are they an excellent partner, but they also have a reputation for backing winners.
"The title is our aim but we know how difficult that will be with so many top teams and drivers in TCR International."
The TCR series kicks off during the Malaysian Grand Prix weekend on March 27-29.