Jordan's Track Talk

Tag: Technical Partnership

  • 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.

  • Toyota returns to F1 with Haas

    Toyoto are returning to Formula 1 for the first time since 2009 after signing a technical partnership with the Haas F1 Team that begins immediately.

    The Japanese manufacturer spent eight seasons in Formula 1 as a works team and engine supplier, scoring 13 podiums and achieving a best finish of fourth in the constructors’ championship.

    As part of the multi-year agreement, Haas and Toyota – through their motorsport and R&D division Toyota Gazoo Racing (TGR) – will share expertise and knowledge as well as resources.

    The deal will also run alongside their arrangement with Ferrari, whom Haas have worked with since they entered the sport in 2016.

    TGR will be providing design, technical and manufacturing services to Haas, while Haas will offer technical expertise and commercial benefits in return.
    The aim is for Haas to improve their development and competitive standing within the sport with Toyota developing their own knowledge and skills through Formula 1.

    I’m hugely excited that MoneyGram Haas F1 Team and Toyota Gazoo Racing have come together to enter into this technical partnership. To have a world leader in the automotive sector support and work alongside our organization, while seeking to develop and accelerate their own technical and engineering expertise – it’s simply a partnership with obvious benefits on both sides. The ability to tap into the resources and knowledge base available at Toyota Gazoo Racing, while benefiting from their technical and manufacturing processes, will be instrumental in our own development and our clear desire to further increase our competitiveness in Formula 1.In return we offer a platform for Toyota Gazoo Racing to fully utilize and subsequently advance their in-house engineering capabilities. I’m naturally pleased that we’ve had the support of the likes of Formula 1 and our long-term partner, Scuderia Ferrari – who we announced our further continuation with earlier in the season, in the formation of this new technical partnership – designed to achieve continued success in our Formula 1 endeavours. Everyone at MoneyGram Haas F1 Team is looking forward to the collaborative results of this new relationship, we can’t wait to get started and fulfil our combined ambitions.
    Ayao Komatsu, Haas boss.

    We are pleased to announce that MoneyGram Haas F1 Team and Toyota Gazoo Racing have concluded a basic agreement to enter a technical partnership such as Haas vehicle development. We would like to express our gratitude to Mr. Gene Haas, Mr. Ayao Komatsu, Mr. Stefano Domenicali (CEO – Formula 1), Mr. Fred Vasseur (Team Principal – Scuderia Ferrari), and all our existing partners of the team for their exceptional cooperation and understanding in this collaboration. By competing alongside MoneyGram Haas F1 Team at the pinnacle of motorsports, we aim to cultivate drivers, engineers, and mechanics while strengthening the capabilities of MoneyGram Haas F1 Team and Toyota Gazoo Racing, and we desire to contribute to motorsports and the automotive industry.
    Tomoya Takahashi, President of Gazoo Racing Company.

  • Haas extend technical partnership with Ferrari

    Haas F1 Team have confirmed the extension of their technical partnership with Ferrari through 2028, meaning they will be powered by the Italian manufacturer into the sport’s next era of engine regulations.

    Haas’s relationship with Ferrari dates back to their debut F1 season in 2016, with the two parties contesting 178 Grands Prix together since then.

    F1’s new for 2026 power unit will see the current 1.6-litre, V6 turbocharged hybrid Internal Combustion Engine complemented by increased electrical power and fully sustainable fuels.

    Haas rose to a person best of fifth in the F1 constructors’ standings in 2018, and hold seventh at the halfway stage of the 2024 campaign.

    The team also recently announced that they will be giving Oliver Bearman his full-time F1 debut in 2025, with Nico Hulkenberg heading to Kick Sauber and Kevin Magnussen’s future yet to be confirmed.

    I’m thrilled to extend our relationship with Scuderia Ferrari until 2028. As an organisation we’ve only ever raced with Ferrari power units and to have that continued stability moving into the next set of power unit regulations is a key part of our on-going development. The relationship with Scuderia Ferrari has always been a special one to us – they were instrumental in the genesis of the program back in the early days and have continued to be a valuable technical partner to us throughout the past nine seasons. I’m delighted we now have more seasons ahead and my thanks go to [Ferrari team boss] Fred Vasseur and many others at Scuderia Ferrari for continuing to show faith in our project. This announcement is just another example of the long-term ambition of MoneyGram Haas F1 Team – our investment and growth in the sport continues.
    Ayao Komatsu, Team Principal of Haas F1 Team.