Jayhawk Motorsports. I was on the chassis team in 2002-03 as my senior design project.
Our car only had 90 horsepower or so, but it weighed under 500 pounds, so it had some giddy-up. It was a hoot driving it around west campus.
I'm not sure if this still holds true, since I don't follow as closely anymore, but Cornell used to be the team to beat at competition.