OPINION: Formula E has invested in Extreme E to create a formal allegiance between the two most influential electric motorsport series. Allaying fears of financial uncertainty, together they will shape the future of battery-powered motorsport competition…
News that Formula E has opened its chequebook and invested in Extreme E might come as a surprise to many. The two FIA-sanctioned all-electric championships both work out of the same building in London. Both were co-founded by Alejandro Agag and both cars – the standardised FE chassis and the ODYSSEY 21 E-SUV used by XE – are built by Spark Racing Technology and share an array of electric motor componentry.
Surely, on a surface level, they were sister series already. So why has FE moved this week to become a minority shareholder, with its chief executive Jamie Reigle now on the XE board of directors?
Source: Read Full Article