The inspiration of my team came from one of my favourite game series:

Wyvern AR comes from the No. 10 racer Little Wyvern from the F-zero series, this was a combat plane converted into a racing machine by space dynamics (Hence I choose my team to convert real military combat aircraft).
Rather than have space dynamics though, I made up Aeronautical Research as a more modern take for the time period of the wipeout series.

Also in mythological terms, "Wyvern" are a species of dragon hence the new motto.

Hence: Wyvern AR, Racing with dragons! came to be