FIA to licence out commercial rights of Formula E

The FIA has agreed to licence out the commercial rights of the Formula E electric championship it aims to launch in 2014

FIA to licence out commercial rights of Formula E

A consortium of international investors, among them Addax team owner Alejandro Agag and Drayson Racing managing partner Lord Drayson, will take charge of the series' commercial rights after reaching an agreement with the FIA.

The series will feature cars powered exclusively by electric energy, and will have an almost open rulebook - the main stipulation being a maximum battery weight of 300kg.

Eric Barbaroux, chairman of French company 'Electric Formula', and billionaire investor Enrique Banuelos are the other partners in the newly-created Formula E Holdings [FEH].

FIA president Jean Todt said he was confident the experience of the FEH parties would prove a massive benefit to the series.

"We are pleased with this agreement with Formula E Holdings as they bring a very strong experience in motor sport," Todt said. " I would like to thank all the parties involved.

"This new competition at the heart of major cities is certain to attract a new audience. This spectacular series will offer both entertainment and a new opportunity to share the FIA values and objectives of clean energy, mobility and sustainability with a wider and younger audience."

Addax owner Agag added: "We see this as a great opportunity to create a new and exciting spectacle mixing racing, clean energy and sustainability, looking to the future.

"We expect this Championship to become the framework for research and development around the electric car, a key element for the future of our cities."

Dyson Racing Technologies, which had also bid to become chassis and drivetrain supplier for Formula E, will act as scientific advisor to FEH.

"As a pioneer in electric motorsport, we believe that Formula E can become the world's first truly sustainable global racing championship, encouraging R&D, driving scientific innovation and promoting the adoption of zero-emission electric vehicles to improve air quality in our cities," Lord Drayson said.

The championship had originally been slated for 2013, but the cars are now expected to make only demonstration runs ahead of a planned launch in 2014.

shares
comments
Lola Drayson bids for Formula E supply
Previous article

Lola Drayson bids for Formula E supply

Next article

Lucas di Grassi appointed Formula E development driver

Lucas di Grassi appointed Formula E development driver
Can anyone beat Stoffel Vandoorne to the Formula E title? Plus

Can anyone beat Stoffel Vandoorne to the Formula E title?

Stoffel Vandoorne is on the brink of the Formula E title with a commanding lead ahead of the Seoul finale, but both rivals and unknowns still stand in his way. Here’s a run through of what Vandoorne must overcome to clinch the championship and how his competition will look to pull off the biggest of shocks

How Formula E's most underrated driver is taming his Dragon Plus

How Formula E's most underrated driver is taming his Dragon

It might not look like the most glittering of Formula E campaigns, but Dragon Penske’s youngster has caught the eye of those who count despite his future remaining unclear. Regardless of the distortion, Sergio Sette Camara has a clear vision of what he’s focused on and how to get there

Formula E
Aug 4, 2022
How Formula E's title fight gave way to Dennis and Di Grassi in the dockyards Plus

How Formula E's title fight gave way to Dennis and Di Grassi in the dockyards

The penultimate stop on Formula E's world tour took in London's ExCeL, where the championship contenders were upstaged by two first-time winners in 2022. Andretti’s Jake Dennis kept the home fires burning in the first race as Venturi’s Lucas di Grassi claimed the second, but two consistent finishes mean its advantage Stoffel Vandoorne heading to the Seoul finale

Formula E
Aug 1, 2022
The ex-F1 racer turned Venturi team boss adapting to a Formula E title fight Plus

The ex-F1 racer turned Venturi team boss adapting to a Formula E title fight

For the second year in a row, the Venturi team is in the thick of the fight for Formula E title glory with Edoardo Mortara. That's despite a change to a more meritocratic qualifying system, which was expected to give the works Mercedes team an edge, and ex-Formula 1 racer Jerome d'Ambrosio being new in the team principal hot seat. As he tells Autosport, it's a challenge he's revelling in

Formula E
Jul 26, 2022
Why Sims is quitting Formula E to become the master of his own destiny Plus

Why Sims is quitting Formula E to become the master of his own destiny

Alexander Sims’ call to give up a pukka Formula E spot after four seasons in the series may have surprised some, but after laying out his reasoning and what he hopes comes next, very few onlookers can argue against his plan

Formula E
Jul 20, 2022
How Formula E's Big Apple crunch led to Cassidy joy and heartache Plus

How Formula E's Big Apple crunch led to Cassidy joy and heartache

Nick Cassidy hadn't enjoyed too many joyful moments in the 2021-22 Formula E campaign, but the Envision Virgin driver was the class of the field in New York - even after a sudden downpour had caused him and several others to shunt heavily out of the first race. Red flags saved his bacon on that occasion, but a 30-place penalty that cost him pole for race two due to a new battery opened the door for Antonio Felix da Costa

Formula E
Jul 18, 2022
Mortara turns up the heat on Formula E title rivals in Marrakech scorcher Plus

Mortara turns up the heat on Formula E title rivals in Marrakech scorcher

Formula E’s unplanned return to Marrakech provided teams with a fresh challenge in old but familiar surroundings, as Edoardo Mortara kept his cool in melting conditions to triumph and retake the championship lead

Formula E
Jul 4, 2022
How Formula E's double-duty drivers influenced their Le Mans teams' fortunes Plus

How Formula E's double-duty drivers influenced their Le Mans teams' fortunes

Eight Formula E drivers made the 7,000-mile sprint from the streets of Jakarta to the fabled Circuit de la Sarthe and every one had a story to share at this year's Le Mans 24 Hours. Despite a range of triumphs and disappointments, each driver doubling up on the day job played a key role in their teams' fortunes

Le Mans
Jun 14, 2022