Lotus Renault GP’s 2011 challenger has been unveiled at Valencia, where F1 teams are having their first test session of the year from now till 3rd Feb. Drivers Robert Kubica and Vitaly Petrov pulled the covers off the R31 alongside Team Chairman Gerard Lopez and Team Principal Eric Boullier.

Genii boss Lopez wants to see the team compete at the front of the grid. “For Genii Capital and Lotus Renault GP, the 2011 season will be the one in which we achieve our aims. Our aim for 2011 is to continue our march towards the front of the grid, seize the slightest opportunity and do better than last season in both the drivers’ and constructors’ championships. We feel we are well prepared for the challenge ahead,” he said.

Team boss Eric Boullier echoed those sentiments. “All the hard work over the winter has been focused on delivering a big improvement for 2011. The result is a car with more than 92% new parts compared to the R30. But technical innovation isn’t the only key to performance. Since last year, we have reviewed all our internal processes and our overall efficiency has now improved by 15%. That means we should be more competitive than last year, on the track and at the factory,” he revealed.

As we posted before, Bruno Senna, who last year raced with HRT, joins Lotus Renault’s team of third drivers. His colleagues are Romain Grosjean, Jan Charouz, Ho-Pin Tung and Fairuz Fauzy. If you’re wondering why the Malaysian isn’t in the picture, he was unable to attend due to GP2 Series commitments.

The black and gold team also welcomes two new partners in SunCore and Sibur. Some other names on the car that you may not have heard off belongs to Genii Capital’s Business Exchange platform.

More pics after the jump.

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