The unlikely challenge from Malta was confirmed by Prime Minister Joseph Muscat, who said his country will launch their first-ever campaign for the Auld Mug.
While the majority of the new challengers remaining unidentified, Muscat posted on Twitter to confirm his country's historic bid.
"For the first time ever, a challenger from Malta has been accepted for 36th America's Cup. The Malta Altus Challenge will come from the smallest country to ever compete for (the) America's Cup," he said.
Team principal Pasquale Cataldi said they were taking a long-term approach to the Cup.
"Our goal is to do three editions of the America's Cup," he told the Times of Malta.
"If you want to build a strong team, then you need to commit to three America's Cup cycles. I think everyone in this edition is in it for the long-term. We have a new class, so the game is level for everybody, and the differences are not so much."