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Why a fearsome ‘electric alliance’ will have lasting significance

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Why a fearsome ‘electric alliance’ will have lasting significance
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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?

Formula E has held Adelaide talks

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Series Formula E , Extreme E
Author Matt Kew