Create an Animation

We would like to animate the attached logo. The logo is for a track performance driving business. The animated logo will be used at the start of a promo video. An idea would be to have the logo animated using the words meaning "evolve" or other interpretations of the word i.e. develop, emerge, unfold, expand as inspiration to animate this logo. Possible idea would be to have the "O" spin like a wheel as the last part of the animation. We require it to be in mpeg4 format.