The 24-year-old Frenchman, who has 39 Grand Prix starts to his name, will conduct simulator work at the Enstone squad’s factory, whilst also providing support at races.
“I am very excited to join a top team and Lotus F1 Team have certainly shown that they are a top team in this sport,” said Pic, who will back up Romain Grosjean and Pastor Maldonado this year.
“It’s a great honour for me and I will be working hard to give my best to the team throughout 2014. Obviously, the big change is that I won’t be racing in Formula One, but I will be at the races and working in meetings which will help me develop and progress as a driver.
“In terms of resources Lotus F1 Team have a fantastic facility at Enstone and the people there have experience of winning Championships. I will be spending a lot of time with the squad and I expect to learn a lot from them.”
Joining Pic at Lotus is 23-year-old Dane Marco Sorensen, who will act as a reserve and development driver alongside Nicolas Prost.