The Public Investment Fund (PIF) announced a long-term collaboration called Electric 360 with Formula E, E1 Series and Extreme E, with the aim of supporting the development of electric motorsports and its contribution to the future progress of electric mobility.
The collaboration will bring together efforts that highlight the ability of electric motorsports to stimulate technological innovation and transform sustainable transportation, as well as lead the way in lowering carbon emissions in the future of mobility.
It will also promote educational opportunities linked to cutting-edge engineering in the field of electric motorsports, while supporting community, social and environmental stewardship programs.
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Electric 360’s Action Plan
The collaboration will support the mission-driven objectives of all three series by enhancing Formula E’s proven track-to-road technology transfer model, consolidating its position as the world’s most sustainable sport, enabling Extreme E to explore new horizons and lead the E1 Series-driven revolution in marine mobility.
In this way, PIF Electric 360 will organize thought leadership events, bringing industry experts together with brilliant minds with the purpose of catalyzing transformations in sustainable mobility.
In addition, global STEM initiatives will be held in conjunction with each championship series, as well as community learning programs in collaboration with industry partners at each competition.
“This unique partnership with PIF is a major milestone for us in our journey to pioneer cutting-edge sustainable transportation technology. With so many examples of the positive real-world impact of each series, this 360 partnership takes our potential to the next level,” says Alejandro Agag, Founder and Chairman of Formula E, Extreme E and E1 Series.