Formula E Acquires Stake In Extreme E Series

LONDON – Formula E officials have announced that the series has become a minority shareholder in Extreme E – the new off-road motorsport which will see electric SUVs competing in remote ecosystems around the world. The partnership demonstrates an extension of Formula E’s commitment to developing electric vehicles and sustainable mobility technologies, including now through Extreme E, which is set to trial electric SUVs in some of the most testing off-road conditions in the world. With Formula E’s minority investment comes a seat on the Extreme E Board of Directors which will be held by Formula E CEO Jamie Reigle. “Formula E and Extreme E stand out as sports founded with purpose,” said Reigle.

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