Takuma Sato will drive with KV Racing Technology in this year's IZOD IndyCar Series.
The 33-year-old is excited at his new opportunity.
“This is a very exciting time for me and all my supporters,” he said.
“I have really missed racing last year and can't wait to get started in this new challenge with such a great team.
“To me, KV Racing Technology is a team with massive potential and great team spirit. With such a great champion as Jimmy leading the team, I am really confident that we will soon be a strong combination.
“I am also really motivated by the chance to be fighting at the front of the field, something I have missed in recent seasons.”
Sato tested for KV at Sebring's road course earlier in the week, and despite the fact that the Japanese drivert no oval experience, team owner Vasser expects him pick up the craft quickly.
“We are very excited to have been able to put this deal together with Takuma and his group,” said Vasser.
“I can't wait to see what I know will be a extremely fast pace by ‘Taku' on the road courses and look forward to working with him and getting him up to speed on the ovals. I have no doubt that Taku will be right on the pace immediately.
“Taku's knowledge and experience will be a great asset and his great sense of humour and easy manner will add positive energy to our team.”