KV won the race a year ago with Tony Kanaan, and now has Sebastien Bourdais and Sebastian Saavedra in full-time entries. The Chevrolet that Bell will drive will be sponsored by clothing designer Robert Graham.
Bell has seven career starts in the Indy 500, and his best career finish was fourth in 2009 while driving for KV. He has completed 1,308 of a possible 1,400 laps in the Indy 500.
Bell competes part-time in the TUDOR United SportsCar Championship and was part of the winning team in the season-opening Rolex 24 at Daytona. He also is an analyst for the NBC Sports' coverage of IndyCar.