Mahindra Racing, the motorsports division of the Mumbai-based USD 16.2 billion multinational Mahindra Group, has signed an agreement with series promoters Formula E Holdings to become the eighth team and another global company to join the new FIA Formula E Championship.
Already a major global force in the development and production of electric vehicles through its Mahindra Reva Company, joining the new zero emission series was a natural step for the Mahindra Group.
“We strongly believe that Formula E can provide an excellent global showcase for our electric vehicle technology,” said Mr Anand Mahindra, Chairman and Managing Director of Mahindra Group. »
|Alejandro Agag and Anand Mahindra. (Photo: FIA Formula E)|
Mahindra is no stranger to international motor sport, with Mahindra Racing already established within the two-wheeled world of the MotoGP™ World Championship.
Mahindra Racing Formula E Team will now be put forward to the FIA for final approval as the eighth team to enter the championship. They join IndyCar outfits Andretti Autosport and Dragon Racing, Asia’s China Racing and Super Aguri and European squads Drayson Racing, e.dams and Audi Sport ABT.