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Formula E Holdings Orders 42 Electric Racers

Formula E Holdings Ltd. (FEH) – the official promoter of the new FIA Formula E Championship – has announced the purchase of 42 electric Formula cars from the newly formed company, Spark Racing Technology (SRT). The cars will be used in the Formula E Championship inaugural race in 2014. SRT, led by Mr Frédéric Vasseur, on Monday announced it had reached an agreement with McLaren Electronic Systems to design and construct the powertrain for the first Formula E car.

Commenting on the purchase, Mr Alejandro Agag, CEO of FEH, said: “We are very pleased with the announcement made by Spark Racing Technology and McLaren. The high calibre of the respective manufacturers, SRT and McLaren Electronic Systems, has great relevance for our Championship and also shows their commitment to innovation, excellence and technology.”

Formula E has declared itself as an ‘open’ championship. It has been working to encourage other car designers and constructors to build a Formula E car. The FIA technical regulations, to be published soon for the Championship, will ultimately set the framework for making such submissions possible.

Agag added: “We, as the promoter, are focusing our efforts to ensure racing venues will demonstrate the potential of electric Formula cars to spectators. Formula E wants to show that electric cars are fast, reliable and safe. Our mission is to establish electric cars as a real option for people’s daily lives, one that will make our cities cleaner and more liveable.”

The 2014 inaugural race will feature 10 urban races. FEH has already received interest from a large number of cities to host the ‘E-Prix’. Formula E Holdings will soon define the list of venues that will be proposed to the FIA for hosting races in the first season. Announcements in some of these cities will be made in the coming weeks.

In placing an order of Spark Customer Cars, FEH plans to make 4 cars available to each of the 10 teams. In addition, one will be used as the official test car and a second one for the FIA crash tests. Should a team build and develop its own car, the remaining Spark Cars will be used for roadshows and other racing activities.

Until now, the team led by Frédéric Vasseur had been working on the French designed Formulec car, the first electric Formula car to be built. FEH acquired the Formulec technology last august and integrated the team into the FEH structure, showing its commitment to cutting edge electronic technology.

As the first electric Formula racing car using high performance lithium batteries, the experience with the Formulec prototype will serve as a basis for the new Spark cars and for other potential interested constructors. Vasseur worked with Eric Barbaroux (FEH Chief Operating Officer and co-founder of Formulec) and Pierre Gosselin (FEH CEO Special Advisor and co-founder of Formulec) in the team that developed the Formulec EF01 prototype electric racing car from 2008.

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