The Public Investment Fund (PIF) has unveiled a multi-year partnership, Electric 360, with Formula E, Extreme E, and E1 to support the growth of electric motorsports and their role in advancing the future of electric mobility.
The new partnership will draw together initiatives that underscore the power of electric motorsports to drive technological innovation and revolutionize sustainable transport and future mobility – while leading the way in carbon reduction.
The partnership will also promote educational opportunities tied to the cutting-edge engineering of electric motorsports, as well as community, social programs, and environmental stewardship.
Groundbreaking multi-year partnership will help drive technological innovation and sustainable technology education in electric motor sports
With PIF as the sole principal partner to span all three series, this initiative will directly facilitate and accelerate the delivery of:
- PIF Electric 360 thought leadership events, bringing together leading industry experts with the brightest minds to drive sustainable mobility change;
- STEM initiatives globally to coincide with each championship series; and
- Community apprenticeship programs with industry partners in each championship.
The partnership will support the mission-driven objectives of all three series by enhancing Formula E’s proven race-to-road transfer model and reinforcing its position as the world’s most sustainable sport, enabling Extreme E to forge new frontiers and spearheading E1’s revolutionary drive around marine mobility.
This partnership not only benefits each championship in its own right but also underlines the commitment of all parties to drive technological innovation and sustainable solutions.
Alejandro Agag, Founder and Chairman of Formula E, Extreme E, and E1 said: “This one-of-a-kind partnership with PIF is a huge milestone for us in our journey to pioneer the most cutting-edge sustainable transport technology. With so many examples of the positive real-world impact of each series, this 360-partnership takes our potential to the next level. PIF will not only play a strategic role in helping us leverage our unique technological platforms but also foster global collaboration, education, and skills development for the next generation worldwide.”
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Mohamed AlSayyad, Head of Corporate Brand at PIF, said:“At PIF, we believe in the power of partnerships, investing in innovative collaborations as part of our focus on ‘Investing in Better.’ These partnerships will enhance the quality of life for people, provide opportunities for the communities we serve, and help continue our work as a catalyst for transformation.
Together with these championship series, Electric 360 will redefine electric sport and supercharge its growth, delivering tangible impact aligned with our broader business strategy as PIF drives new green technological innovation that will be the cornerstone of future electric mobility.”
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