In addition to news and images, the site will offer race reports, driver and team profiles and stats and interactive driving games.
A Reuters F1 mobile site will launch later on this month on UK and Indian platforms.
Jamie Madill, head of UK sales for Reuters Media, said the site aimed to be the 'one-stop-shop' for all F1 news and information.
The launch has been timed to coincide with this weekend’s British Grand Prix.
Royal Bank of Scotland will sponsor the site and provide additional content.
