FK02 was the second competition vehicle created by the Formula Kentucky Team. FK02 followed much of the same design philosophy of FK01 however it made many refinements. These refinements included upgrades to the engine management system, ergonomics and suspension. The team put a heavy focus on using data acquisition and simulation to drive design choices. FK02 also incorporated a vehicle sensor package as well as the Haltech Elite 1500 ECU. FK02 showed a reduction in vehicle size and weight, a lower center of gravity and decreased rotational mass.