Kiro Race Co: Driving the Future of Formula E

In a groundbreaking move, the U.S.-based investment firm The Forest Road Company has acquired the ERT Formula E team, rebranding it as Kiro Race Co. This strategic partnership, financed by the co-founders of Ares Management, David Kaplan and Bennett Rosenthal, comes at a pivotal moment for the all-electric racing series as it undergoes a significant transformation under the ownership of Liberty Global.

Unlocking the Potential of Electric Racing

A Transformative Acquisition

The acquisition of the ERT Formula E team by The Forest Road Company marks a significant milestone in the evolution of the all-electric racing series. The investment firm, known for its expertise in the sports and entertainment industry, has recognized the immense potential of Formula E and its ability to drive the global transition towards sustainable mobility. By taking over the reins of the team, now known as Kiro Race Co, The Forest Road Company is poised to inject fresh energy and resources into the program, positioning it for long-term success.

Powering the Future with Porsche

As part of the team's new era, Kiro Race Co has forged a strategic partnership with Porsche Motorsport, a move that will see the German manufacturer supply its cutting-edge powertrain technology to the team. This alliance not only strengthens Kiro Race Co's technical capabilities but also solidifies Porsche's commitment to the Formula E championship, making it the only manufacturer to supply three teams on the current grid.

A Commitment to Excellence

The investment by The Forest Road Company and the partnership with Porsche Motorsport are clear indications of Kiro Race Co's ambition to become a leading force in the Formula E championship. The team's new managing director, Jeremy Tarica, has expressed the firm's unwavering dedication to helping Kiro Race Co achieve its goals and cement its position as a formidable contender in the all-electric racing series.

Driving the Transition to Electric Vehicles

The acquisition of Kiro Race Co by The Forest Road Company comes at a pivotal moment in the global transition towards electric vehicles. As the world embraces this shift, the Formula E championship has emerged as a crucial platform for showcasing the capabilities of electric technology and inspiring the next generation of sustainable mobility. Kiro Race Co's entry into the series, with the backing of a sophisticated investor group and the technical expertise of Porsche, is poised to accelerate this transformation and captivate audiences around the world.

A New Era for Kiro Race Co

The rebranding of the ERT Formula E team as Kiro Race Co marks the beginning of a new chapter for the squad. With its American ownership, the team will become the third U.S.-based entry in the all-electric racing series, joining the ranks of Andretti and DS Penske. This shift in ownership and identity is a testament to the growing global appeal of Formula E and the increasing interest from international investors and stakeholders.

A Promising Future Ahead

As Kiro Race Co embarks on its journey in the Formula E championship, the team's new owners and partners are brimming with optimism and excitement. The investment by The Forest Road Company, the technical partnership with Porsche Motorsport, and the team's ambitious goals all point to a promising future for Kiro Race Co. With the series poised for continued growth and the global transition to electric vehicles gaining momentum, the stage is set for Kiro Race Co to make its mark and become a leading force in the world of all-electric racing.