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 »
6mo 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...
6mo ago from TheCheckeredFlag....

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

t">Red Bull Wings DM-1 power unit Grand Prix 247 can reveal...
6mo ago from GrandPrix247.com

Bahrain Grand Prix: Caterham preview Sakhir weekend

Bahrain Grand Prix: Caterham preview Sakhir weekend 1 April, 2014...
6mo ago from GrandPrix247.com

Qualifying analysis - the smart money is on silver

For the first time in 2014 conditions during a qualifying session were...
6mo ago from Formula1.com

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.