Kiro Race Co: A Fresh Start in the ABB FIA Formula E Championship
The world of electric racing just got more exciting! With an ambitious vision and a fresh perspective, Kiro Race Co is ready to make waves as it enters Season 11 of the ABB FIA Formula E World Championship. Previously known as the ERT Formula E team, Kiro Race Co has undergone a significant transformation, setting the stage for a new era in the electric racing domain.
Backed by Forest Road's Expertise
Forest Road Company, a Los Angeles-based investment powerhouse, now holds 100% ownership of Kiro Race Co. This acquisition is not just a change in ownership; it's an infusion of experience and insight into a rapidly evolving industry. With a solid track record in media and renewable energy investments, Forest Road is well-equipped to navigate the complexities of modern motorsport.
A Strong Leadership Team
At the helm of Kiro Race Co is David Kaplan, a seasoned investor with deep industry knowledge. As the team’s Managing Partner, he brings invaluable experience and a commitment to pursuing excellence on the racetrack. Alongside Kaplan, Bennett Rosenthal, co-founder of Ares Management, strengthens the team's leadership with his strategic insights and passion for racing. Together, they are poised to elevate Kiro Race Co to new heights.
The Power of Partnership
To enhance its competitive edge, Kiro Race Co has forged a technical partnership with Porsche Motorsport. This collaboration allows the team to utilize the advanced technology behind Porsche's championship-winning vehicles. The transition to the Porsche 99X Electric WCG3 represents Kiro Race Co's commitment to performance and innovation, ensuring they are always at the front of the grid.
Embracing a New Racing Frontier
Porsche's groundbreaking technology featured in the GEN3EVO regulations not only enhances performance but also aligns with Kiro Race Co's mission to lead in electric vehicle racing. The impact of this partnership is anticipated to be substantial as the team strives for excellence and seeks to gain a competitive advantage in the upcoming races.
Forest Road's Impact on Formula E
The entry of Forest Road into the world of Formula E marks a significant milestone, reflecting the championship's growth and global appeal. The motorsport industry is witnessing a dramatic shift, with a growing emphasis on sustainability and clean energy initiatives. The fact that global TV viewership soared by 35% in Season 10 speaks volumes about the increasing popularity of the series.
A Bright Future Ahead
As Kiro Race Co embarks on its journey, the team's ambitions resonate with the growing interest in electric racing. With Season 11 featuring a record number of races globally, Kiro Race Co is at the forefront of this thrilling evolution in motorsport.
Voices from the Team
Key stakeholders have expressed their enthusiasm about the team's future. Alex Hui, Team Principal of Kiro Race Co, highlighted the significance of bringing Forest Road on board, stating, "This partnership is a testament to the series' growth and our team's potential." Meanwhile, Jeremy Tarica, Managing Director at Forest Road, emphasized their commitment to Kiro's success, underscoring the technological advancements that will redefine the race experience.
Support from Industry Leaders
Jeff Dodds, CEO of Formula E, believes that Kiro Race Co's entry is a game-changer for the series, reinforcing the sport’s allure for fans and partners alike. Complementing this sentiment, Mike Fries, CEO of Liberty Global, conveyed confidence in Kiro Race Co's capability, predicting that the team will play a vital role in maintaining the championship's rapid growth.
About Kiro Race Co
Kiro Race Co is more than just a racing team; it's a vision for a sustainable future where electric vehicles lead the charge. The team's name, Kiro, meaning "bright light," symbolizes its commitment to showcasing the excellence of electric motorsport. As the racing world transitions toward greener technologies, Kiro Race Co positions itself at the forefront, driving innovation and championing electric racing. With a vibrant identity and an unwavering dedication to sustainability, Kiro Race Co is prepared to make an impact both on and off the track.
Frequently Asked Questions
What is Kiro Race Co?
Kiro Race Co, formerly ERT Formula E Team, is an independent racing team focused on electric vehicle racing in the ABB FIA Formula E World Championship.
Who owns Kiro Race Co?
Kiro Race Co is wholly owned by Forest Road Company, an investment firm with deep expertise in growth sectors like media and renewable energy.
Which technology is Kiro Race Co using?
The team has partnered with Porsche Motorsport to use advanced technology from Porsche's successful racing vehicles, enhancing its competitive performance.
How many races will there be in Season 11?
Season 11 will feature 17 races worldwide, marking the largest calendar for Formula E to date.
What does Kiro mean?
The name Kiro means "bright light," signifying the team's vision for a future dominated by electric vehicles and technology.
