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Meanwhile, the Williams team have confirmed Cosworth will be their new engine supplier from next season.
CNN: Kovalainen quickest in Abu Dhabi practice
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Cosworth is supplying engine to all four of the new teams, as well as established racers Williams for 2010.
BBC: US F1 and Campos deny Bernie Ecclestone's 2010 doubts
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The Cosworth V8 was successfully started at Lotus Racing in Hingham, Norfolk, on Saturday after some minor technical delays.
BBC: Successful start for Lotus' new Cosworth V8 engine
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Lotus, who are the most competitive of the three new teams on the grid this season, currently use Cosworth engines.
BBC: Lotus set to switch to Renault engines next season
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Mosley's plan was for one manufacturer, Cosworth, to provide a standard engine.
BBC: Cost-cutting plan agreed for F1
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Lotus, who were new to F1 this year, have had to negotiate a release from their three-year contract with Cosworth to secure the Renault deal.
BBC: Lotus confirm Renault F1 engine deal
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"We're on the home run now, and that's the first Lotus Cosworth that's fired up for 27 years, so that's a big milestone, " he said.
BBC: Successful start for Lotus' new Cosworth V8 engine
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Ford has put its Jaguar team and Cosworth engine maker up for sale because it could not make a compelling business case to continue next season.
BBC: SPORT | Motorsport | Rival F1 series names consultants
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Cosworth commercial director Mark Gallagher told BBC Sport the five teams were at different stages in their development but insisted all of them were pushing ahead.
BBC: US F1 and Campos deny Bernie Ecclestone's 2010 doubts
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F1 engine manufacturer Cosworth has recently joined the project.
BBC: 1,000mph car project 'on track'
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After recently ending their contract with Toyota ahead of schedule, the news is unsurprising as Williams have long been touted to again join forces with Cosworth after previously working with them in 2006.
CNN: Kovalainen quickest in Abu Dhabi practice
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That is where the Cosworth engine comes in.
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