Ricardo plc is a British engineering firm that specializes in engines, transmissions, vehicle systems, and hybrid systems. Founded by Sir Harry Ricardo in 1927, Ricardo has worked on high-performance vehicles such as the Audi R8, Bugatti Veyron, and McLaren MP4-12C. In addition, Ricardo worked with XTrac to develop transmissions used by Formula One racing cars. The company supplies Purdue FSAE with Ricardo Wave engine simulation software, an industry standard.