Dragon Racing joins Formula E grid
25 September 2013 – IndyCar outfit Dragon Racing will become the fourth team to enter the FIA Formula E Championship, having inked an agreement with series promoters Formula E Holdings.
Dragon Racing is owned by media and publishing entrepreneur Jay Penske, and is based in Los Angeles - a city which has recently become the top market in the world for electric vehicles. The squad now joins Andretti Autosport, Drayson Racing and China Racing as one of the 10 teams to be put forward to the FIA for final approval by its World Motor Sport Council.
"It’s an honour for Dragon Racing to have been selected as one of the founding teams in Formula E," said Penske. "Formula E symbolizes a vision for the future of motorsports and the automotive industry, while directly appealing to a new generation of global race fans. Formula E offers a tremendous opportunity for our many technology and media partners, and we look forward to its inevitable growth and ascendancy over the next decade."
Alejandro Agag, CEO of Formula E Holdings, expressed his pleasure at the signing, adding that he expects to announce a raft of new teams in the near future.
"With Dragon Racing lining up alongside fellow IndyCar giants Andretti Autosport, what’s apparent is the continued interest from the States Formula E is receiving from not only teams but also cities, with races taking place in Los Angeles and Miami," he said. "We still have more teams to announce over the coming weeks, with the full grid to be made public by the end of November."