Mahindra Racing Puts Formula E Grid at 80 Percent | Edmunds

Mahindra Racing Puts Formula E Grid at 80 Percent

Just the Facts:
  • Mahindra Racing is the eighth team to commit to the Formula E Championship.
  • Mahindra is a motorcycle-racing competitor in MotoGP's Moto 3 division.
  • Formula E is seeking to launch in September with 10 two-car teams.

MUMBAI, India — Mahindra Racing is the latest commitment to the FIA Formula E Championship, bringing the grid to eight two-car teams for the electric auto racing series.

Mahindra Group, a global group involved in a variety of fields from agribusiness to information technology, is a motorcycle-racing competitor in the third-tier Moto 3 level of the FIM MotoGP Championship.

Pending approval of its application, Mahindra Racing Formula E Team will join U.S. IndyCar teams Andretti Autosport and Dragon Racing, Asia's China Racing and Super Aguri and European squads Drayson Racing, e.dams and Audi Sport ABT.

Formula E, scheduled to launch in September, is seeking 10 teams to take part in the revolutionary start-up series.

Mahindra is heavily involved in the development of electric vehicles through its Mahindra Reva Company.

"We strongly believe that Formula E can provide an excellent global showcase for our electric-vehicle technology," said Anand Mahindra, chairman and managing director of Mahindra Group. "With advanced operations and expertise in electronics, IT, automotive technologies and manufacturing, we are already seeing the fusion of this technology into our electric vehicle operations.

"Racing will further accelerate that trend while Formula E is set to raise awareness globally about the benefits of electric vehicles."

Formula E organizers touted the addition of a manufacturer from India.

"We are very proud to have a major global company like Mahindra join the FIA Formula E Championship," said Formula E Holdings CEO Alejandro Agag. "Adding a manufacturer from India to what is already a real global mix of teams is fantastic news for the series."

Formula E will feature single-seat open-wheel cars competing on city street circuits in major international cities. The inaugural season will conclude in summer of 2015.

Edmunds says: Add motorcycle racing to the diverse pedigree of Formula E, which already has commitments from the worlds of Formula 1, endurance sports car racing and the American IndyCar series.

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