Red Bull F1 driver Perez to enter team in Agag's E1 powerboat series
Red Bull Formula 1 driver Sergio Perez is to enter a squad in the electric powerboat series being established by Formula E co-founder Alejandro Agag.


Perez will own one of potentially 12 teams competing in the E1 championship that is set to commence in 2023, with his squad set to compete with the Mexican national colours adorning its RaceBird boat.
Back in 2010, Perez drove for Agag’s Barwa Addax GP2 squad and finished second to Pastor Maldonado in the standings with five wins (two feature and three sprint). The pair have remained in contact since then.
“I’m really excited at the prospect of becoming a new team owner in E1 and having a team representing Mexico in the UIM E1 world championship,” said Perez.
“Given my relationship with Alejandro, I’ve kept a close eye on what he’s been doing and his various championships, and I think what he’s achieved with promoting more sustainable forms of motorsport is commendable.
“Seeing a racing team flying the flag for Mexico on a global stage will be amazing and I cannot wait to watch the RaceBird in action for the first time.
“I’ve heard lots of positive stories about the boat and the exciting sporting product E1 is trying to create for fans with city events.
PLUS: The driver who ended the curse of Red Bull’s second F1 seat
“For sure this will be a great challenge in my career and a learning experience. I’m looking forward to getting started and helping to grow the fan base in Mexico and around the world.”
Agag, who is remains FE chairman and started the Extreme E spinoff series where he is CEO, said: “Me and Checo have remained close friends since working together during our days in GP2, where Checo drove for my team.

Team Mexican RaceBird boat
“In a funny way, it feels a bit like things have come full circle, with me hiring him as a driver and now Sergio entering a team of his own in E1.
“He’s not only an incredibly quick and talented racing driver in his own right, but he’s also clever and has all the attributes that are required to become a successful team owner.
“I’m delighted to welcome Checo to the E1 family and I look forward to seeing how the plans for Team Mexico develop.”
Agag has formed E1 with former F1 engineer Rodi Basso, who was Rubens Barrichello’s race engineer at Ferrari during the Scuderia’s ultra-successful run between 2000 and 2004. He then went on to work for Red Bull and McLaren’s Applied Technology division.
PLUS: Basso's role in the Ferrari brains trust
E1 hopes to pit 12 teams and 24 pilots in a series of races around the world involving the RaceBird hydrofoil boat, which can apparently reach speeds of 58mph, with the additional aim of promoting sustainable on-water technology.
It is sanctioned by the Union Internationale Motonautique (UIM), the world governing body of powerboating and, as was the case when Agag established FE with the FIA, E1 has an electric racing exclusivity agreement.

Ferrari: Delayed France F1 radio messages made strategy look ‘nonsensical’
Sargeant's bid for Williams F1 seat "a great headache" - Capito

Latest news
Castroneves: “Too early” to think about potential replacement by Blomqvist
Four-time Indy 500 winner Helio Castroneves says it’s too soon to consider Meyer Shank Racing might want to swap him to the IMSA squad and bring Tom Blomqvist over to IndyCar.
Why some DTM teams take out crash insurance but others gamble
The 2022 DTM season featured several major pile-ups and accidents, costing teams several hundred thousands in repair costs. While some had insured cars against such damage, others weren’t so well prepared…
Ricciardo: Australian GP buzz will tell me a lot about F1 comeback
Red Bull third driver Daniel Ricciardo says attending his home grand prix in Melbourne will likely tell him whether he wants to make a full-time comeback to Formula 1 or not.
Kirkwood admits he overdrove as an IndyCar rookie
Kyle Kirkwood admits he was overdriving at AJ Foyt Racing in 2022 and is expecting to rebuild his reputation at Andretti Autosport.
The pioneering F1 car that preceded Lotus’s terminal decline
In the hands of Ayrton Senna the actively suspended 99T would be the last F1 race-winning Lotus but, as STUART CODLING reveals, it was a complicated machine that caused more problems than it solved
How Tyrrell became a racing Rubik’s cube as it faded out of F1
Formula 1’s transformation into a global sport meant the gradual extinction for a small team determined to stay true to its low-budget roots. But Tyrrell would eventually be reborn as a world-beating outfit again, explains MAURICE HAMILTON, albeit in different colours…
Assessing Hamilton's remarkable decade as a Mercedes F1 driver
Many doubted Lewis Hamilton’s move from McLaren to Mercedes for the 2013 Formula 1 season. But the journey he’s been on since has taken the Briton to new heights - and to a further six world championship titles
Why new look Haas is a litmus test for Formula 1’s new era
OPINION: With teams outside the top three having struggled in Formula 1 in recent seasons, the rules changes introduced in 2022 should have more of an impact this season. How well Haas does, as the poster child for the kind of team that F1 wanted to be able to challenge at the front, is crucial
The Mercedes F1 pressure changes under 10 years of Toto Wolff
OPINION: Although the central building blocks for Mercedes’ recent, long-lasting Formula 1 success were installed before he joined the team, Toto Wolff has been instrumental in ensuring it maximised its finally-realised potential after years of underachievement. The 10-year anniversary of Wolff joining Mercedes marks the perfect time to assess his work
The all-French F1 partnership that Ocon and Gasly hope to emulate
Alpine’s signing of Pierre Gasly alongside Esteban Ocon revives memories of a famous all-French line-up, albeit in the red of Ferrari, for BEN EDWARDS. Can the former AlphaTauri man's arrival help the French team on its path back to winning ways in a tribute act to the Prancing Horse's title-winning 1983?
How do the best races of F1 2022 stack up to 2021?
OPINION: A system to score all the grands prix from the past two seasons produces some interesting results and sets a standard that 2023 should surely exceed
Who were the fastest drivers in F1 2022?
Who was the fastest driver in 2022? Everyone has an opinion, but what does the stopwatch say? Obviously, differing car performance has an effect on ultimate laptime – but it’s the relative speed of each car/driver package that’s fascinating and enlightening says ALEX KALINAUCKAS
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.