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.
Formula E will welcome Fortescue Zero, the first Australian-owned outfit, to the grid from the 2026/27 season, subject to FEO and FIA approval. This follows Formula E's defiant statement on September 17, affirming its scheduled 2026/27 season-opener in Jeddah, Saudi Arabia, from December 17 to 19, despite ongoing regional conflict and other series moving events. The Jeddah event also marks the start of the Gen4 regulatory cycle. Earlier on September 17, veteran driver Lucas di Grassi announced his retirement from professional racing at the conclusion of the 2025/26 season, after a decade with Formula E including winning its inaugural race in 2014. Formula E also faces a significant calendar clash with Formula 1 for 2027, as F1 revealed its 24-round calendar on September 17. The new Gen4 electric race cars, detailed on September 15, will bring performance improvements, including around 800 horsepower, four-wheel drive, and speeds exceeding 200 mph.
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