Jordan's Track Talk

Tag: ERT Formula E Team

  • Forest Road purchases Formula E Team

    The Forest Road Company – a Los Angeles-based investment firm – has acquired 100% of the ERT Formula E Team, which becomes Kiro Race Co from Season 11.

    Forest Road brings a wealth of experience investing, operating and advising in industry sectors experiencing growth and transformation.
    As an opportunistic investor with a proven track record in both media and renewable energy, Fore Road is well-positioned to drive significant value for the team and Formula E.

    With the backing of Forest Road, as well as David Kaplan and Bennett Rosenthal, Co-Founders of Ares Management, Kiro Race Co is strategically placed for the long term and will be focused on driving sustained growth.

    David Kaplan will act as managing partner of the team, capitalising on his decades of investing and operating experience to achieve world-class performance.
    Together, this new ownership group brings a unique perspective to Formula E and is eager to leverage its extensive network to attract new partners and increase awareness of electric racing in the United States and around the world.

    The team also announced a technical partnership with Porsche Motorsport. The collaboration will see Kiro Race Co equipped with Porsche’s championship-winning powertrain technology.

    This is truly a historic moment for our team. Bringing a US-based asset management group like Forest Road into Formula E is a testament to the series’ growth and our team’s potential. Their investment allows us to build with confidence for the future and compete at the highest level. We are excited to work with them and Porsche Motorsport to achieve our goals.
    Alex Hui, Team Principal of Kiro Race Co.

    We are thrilled to enter The Formula E World Championship and start our journey as Kiro Race Co. The Championship is at a pivotal moment of maturation from a macro and micro perspective. As the world embarks on a massive transition to electric vehicles, the race product has achieved a significant breakthrough in technology with the fastest accelerating single-seater cars. We are committed to helping Kiro become a leading force in the industry.
    Jeremy Tarica, Managing Director of Forest Road.

    This is a fantastic development for Formula E and for Kiro Race Co. It marks the entry of a sophisticated investor group with a strong track record in the sports and entertainment industry. This investment in the team and its ambitious new owners will help us continue to grow the Championship and make it more attractive to fans and partners around the world.
    Jeff Dodds, CEO of Formula E.

  • ERT announce F1 Academy Champion for Rookie Test

    Electric Racing Technologies have announced that reigning F1 Academy Champion, Marta Garcia will represent the team in the upcoming Berlin Rookie Test.

    Ahead of the highly-anticipated Monaco E-Prix this weekend, the Shanghai-Silverstone based squad have shared the exciting news that they labeled as a “significant milestone in motorsport”.

    Garcia is a hugely influential and talented driver, who gained worldwide attention when she won the very first season of F1 Academy last year.
    With the Managing Director of F1 Academy being former Venturi Formula E Team Principal, Susie Wolff.

    This season, Garcia will be racing with Iron Dames in the highly competitive Formula Regional European Championship (FRECA).

    The Berlin Rookie Test allows teams to give new talent a chance to try the latest Formula E machinery, as has been the birthplace for many of the biggest talents in the paddock today.

    I am thrilled to join ERT Formula E Team for the Berlin Rookie Test. Formula E represents the future of motorsport, and I am incredibly grateful for this opportunity to experience it firsthand. I’ve been following the championship closely, and I’m eager to get behind the wheel of the ERT X24 car and contribute to the team’s development. This test is a stepping stone in my career, and I’m determined to make the most of it.
    Garcia on the news.

    We are incredibly excited to welcome Marta García to the ERT Formula E family for the Berlin Rookie Test. Marta’s exceptional talent and achievements in F1 Academy are undeniable. This test serves as a fantastic platform to showcase her skills within the dynamic environment of Formula E. We are confident that Marta will quickly adapt to the unique demands of electric racing and provide valuable insights for the team.
    Alex Hui, Team Principal of ERT Formula E Team.

  • NIO 333 starts new era as ERT Formula E team

    ERT Formula E Team comes after the seven-season partnership with Chinese car manufacturer NIO draws to a conclusion as the long-standing team heads towards their 10th season with ambitious plans for this new chapter.

    The outfit are coming off the back of one of their best seasons in recent years. In the hands of Dan Ticktum and Sergio Sette Camara, who will continue with team in Season 10, the combined effort saw one of the team’s best seasons in recent years.

    The pair demonstrated an impressive one-lap pace with 10 Duels appearances, converting these top 10 starting positions into nine point-scoring finished and ending the season in ninth in the overall Teams’ standings.

    Based out of their headquarters at the Silverstone Race Circuit, as part of the ERT ‘rebirth’ the team will look to commercialise their technology and IP and apply this on track learning to road products, along with supporting the wider industry to push sustainable transport solutions.

    ERT have been in the series since the dawn of Formula E, with Nelson Piquet Jnr taking the inaugural Drivers’ title with the team in the 2014/15 season. There have been a few name changes since then with NIO joining the squad in Season 3.

    We are proud to unveil our new identity as the ERT Formula E Team, it is an exciting step in our journey. As the only manufacturer Formula E team that is not currently tied to an OEM, our powertrain and software development has been done independently, putting us in a unique position. Utilising what we have learnt on track, we have already identified that we have a lot to offer in terms of improving electric vehicle performance, not just in relation to powertrains but whole vehicle engineering support and solutions, something which is already proving of interest within the automotive and motorsport industries. It is a natural progression for us to move forward commercialising this knowledge with the increasing global adoption of EVs, particularly as Formula E provides such a strong platform for OEMs and as such our conversations with partners in this arena are already advanced.

    Alex Hui, Team Principal for ERT.