Formula E benefits from a new investor

Formula E seems to have a bright future. With two events held on American territory, in Los Angeles on February 14, 2015 and in Miami on March 14 of the same year, the promoters managed to attract new investors who will provide solid financial bases to ensure the future of the discipline. . Formula E Holdings therefore announced yesterday the investment of several million dollars on the part of Causeway Media Partners in the promotion of this electric single-seater Championship.

It was Wyc Grousbeck, owner of the Boston Celtics in the NBA and member of the management of Causeway Media Partners, who wanted to invest in Formula E. The businessman will therefore become a member of the management committee of Formula E Holdings . “We believe that Formula E is a fantastic development in motorsport that will interest millions of people around the world by leading to the development of better electric vehicles... We would like to help give Formula E a global reach, notably with the development of electric-powered speed racing in the USA. Causeway's mission is to find investment opportunities and Formula E is a perfect option. » Alejandro Agag, CEO of Formula E Holdings, could not be more delighted with the news. “I have known Wyc for many years and I know he will make a great contribution to our Management Committee. »