Ferris Bueller once said that “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” Yeah, life does move fast, and there’s no better proof than the quick changes in the company fortunes of GasGas. Only a few years ago, they were a failing off-road motorcycle manufacturer. Now, they’ve got a factory MotoGP team.

The announcement came Friday, ahead of the Austrian GP. Here’s what MotoGP.com said about the move:

GASGAS have always been keen to get on the gas for fun but now the throttle grip feels different, the pace faster and the stakes higher. From 2023 Spain’s iconic motorcycle brand will join the rush of MotoGP for the first time in deal that sees the Tech3 Factory Team turn a full crimson red. The renowned race-winning crew will be equipped with GASGAS MotoGP technology and will place the machinery into the hands of Pol Espargaro for the globe-trotting Grand Prix series with a second rider to be confirmed soon.

So, GasGas isn’t starting from scratch—it’s partnering with Tech3, which formerly partnered with KTM for MotoGP’s premier class (GasGas has had a Moto3 team for a while, but that’s a whole different scene). Of course, since KTM and GasGas are now tied together, this all makes sense.

Starting with Pol Espargaro will be a huge benefit, as he’s a very experienced GP rider with time in Yamaha, Honda and KTM’s factory teams. He’ll be solid, a much better choice than solely staking the team’s fortunes on a flaky upstart from the lower ranks. There’s no word as to whether the 31-year-old Espargaro will get a teammate this coming season or not, but it seems likely we’ll see someone else added before the’23 campaign starts.