Formula E, privately owned and headquartered in the UK, was founded in 2012 and operates with approximately 300 employees. The company specializes in spectator sports, specifically a single-seater motorsport championship for electric cars.
On May 1, 2026, Formula E commenced Rounds 7 and 8 of the 2025/26 ABB FIA Formula E World Championship with the Hankook Berlin E-Prix, where home drivers Pascal Wehrlein and Maximilian Günther competed. Günther noted the special atmosphere and German crowd support at the event, which has historically hosted iconic races. Earlier on May 1, ABB showcased its converter technology in the GENBETA Car at the Berlin E-Prix, underscoring its commitment to Formula E. Before that, Formula 1 superstar Max Verstappen expressed approval for Formula E's much-anticipated Gen4 car, with Antonio Félix da Costa revealing Verstappen "likes" the new machinery's design.
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