Jay Penske and Alejandro Agag, signing the Formula-E contract in Los Angeles, CA

Jay Penske and Alejandro Agag, signing the Formula-E contract in Los Angeles, CA

Dragon Racing, the team known in the US from IndyCar Series, signed an agreement with series promoters Formula E Holdings to become the fourth team to enter the FIA Formula E Championship.

Dragon Racing first began in 2006 and currently fields two cars in the IndyCar Series with drivers Sebastian Saavedra and four-time Champ Car World Series champion Sébastien Bourdais.

Jay Penske, media and publishing entrepreneur who is also Owner and President of Dragon Racing, stated:

“It’s an honour for Dragon Racing to have been selected as one of the founding teams in Formula E. 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, added:

“We’re extremely happy to welcome Dragon Racing to the FIA Formula E Championship and are convinced that Jay Penske and the team will be a major contribution to our grid. Today’s announcement also brings an LA based team to the Championship. That has special significance as California has become the ‘land of electric cars’, an example that we want to spread to the rest of the world."

“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. We still have more teams to announce over the coming weeks, with the full grid to be made public by the end of November.”

The new fully-electric race series begins in September 2014. For now, we know 4 out of 10 teams:

  • Andretti Autosport
  • China Racing
  • Dragon Racing
  • Drayson Racing

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