News Details

Formula E on track to announce £25m of new investment

Formula E, the world's first fully-electric motorsport series, is set to announce that investment funds have injected around £25m into the business according to an article in the Independent written by Christian Sylt.It is another big boost for Formula E which launches in September and is being taken increasingly seriously within the racing industry.Its Hong Kong-based parent company Formula E Holdings (FEH) is majority owned by Spanish real estate tycoon Enrique Banuelos and Formula E's chief executive Alejandro Agag. In December they sold around 10% of it for an estimated £12.5m to Causeway Media Partners, an American fund founded by venture capitalist Bob Higgins along with...
Full Story »
1y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Pirelli Announce Tyre Choice for Bahrain Weekend

Having had two pre-season tests at the Bahrain International Circuit, the...

Exclusive: Red Bull ditch Renault to use their own F1...

t">Red Bull Wings DM-1 power unit Grand Prix 247 can reveal...
1y ago from GrandPrix247.com

Bahrain Grand Prix: Caterham preview Sakhir weekend

Bahrain Grand Prix: Caterham preview Sakhir weekend 1 April, 2014...
1y ago from GrandPrix247.com

Qualifying analysis - the smart money is on silver

For the first time in 2014 conditions during a qualifying session were...
1y ago from Formula1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Espargaro to ‘try and race’ at MotoGP Mugello

Ecstar Suzuki’s Aleix Espargaro will try to race at this weekend’s...
4h ago from BikeSportNews.com

Espargaro ready to race at #ItalianGP

The Spaniard has been given the green-light to race in this weekend’s...
4h ago from MotoGP.com

No ‘setup mistakes’ at Mugello MotoGP - Rossi

Movistar Yamaha’s Valentino Rossi says there must be no setup mistakes...
14h ago from BikeSportNews.com

MotoGP needed rules revolution, says team boss

Tech 3 Yamaha boss Herve Poncharal believes that the regulations pursued...
9h ago from Motorsport.com

Popular On IndyCarToday.com

IndyCar hands down Indianapolis 500 penalties

James Davison’s Dale Coyne Racing squad was handed a $10,000 fine as...
52m ago from SpeedCafe.com

Vautier and Gonzalez set for Detroit with Dale Coyne

The revolving door at Dale Coyne Racing continues this weekend, with...
1h ago from Crash.net

IndyCar: Safety improvements developing after...

Page 1 of 2 The Verizon IndyCar Series and chassis manufacturer Dallara...
6h ago from Racer.com

IndyCar: Hinchcliffe released from hospital,...

Verizon IndyCar Series driver James Hinchcliffe was released from IU...
9h ago from Racer.com

Popular On TotalWRC.com

Portugal driver report: Part 1

Jari-Matti Latvala (VW Polo R)Victory in Portugal came at just the right...
8h ago from WRC.com

Matton: Meeke no longer has to prove himself

After last month’s breakthrough success in Argentina, Meeke was again...
13h ago from WRC.com

Evans brothers settle Canberra dispute

Australian Rally Championship front-runners Simon and Eli Evans have...
19h ago from Motorsport.com

WRC Competitor Denied Medical Intervention After...

The Fnckmatié World Rally Team has claimed that their driver Lorenzo...

Popular On GunnersToday.com

Amazing potential 2015/16 Arsenal XI including £35m...

Arsenal finished third in the Premier League this season, and with an FA...
2h ago from CaughtOffside.com

Arsenal's interest in top class left-back could signal...

We have recently been linked with a move for Swiss international Ricardo...
1h ago from AllArsenal.com

(Video) Arsenal and Manchester United targets show...

Carlos Bacca and Grzegorz Krychowiak have both showed their class with...
4h ago from CaughtOffside.com

Arsenal fans are ruining the internet for everyone

Arsenal won club of the year at the inaugural Facebook Football awards on...
7h ago from Telegraph.co.uk

Comments

comments powered by Disqus

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.