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Fortescue Zero buys Team Penske for the Gen4 era of Formula E

The 2026-27 Formula E season will undergo a significant renewal with the entry of Fortescue Zero, which has acquired the operation of Team Penske. This collaboration positions Fortescue as a new client team of Jaguar, which will expand its presence on the grid with two new cars powered by Jaguar.

Fortescue Zero adds two units to the four existing vehicles from Jaguar and Envision, consolidating the brand’s presence in the championship. The Team Penske crew, which has participated since the first Formula E season in 2014, closes a chapter after several partnerships with manufacturers, including its latest period as DS Penske.

Fortescue CEO Gus Pichot has expressed that entering the competition is an important step in the company’s trajectory, which has already been a pioneer in innovative technologies in the world of electric racing. ‘We want to show the world that we can compete on the track and innovate,’ Pichot stated.

Currently, it has not been confirmed who will occupy the seats of the new team, especially after Maximilian Günther’s departure to Envision. On the other hand, Ian James, director of Jaguar, commented: ‘This partnership strengthens our presence and reaffirms our commitment to technological innovation in the world of electric vehicles.’ With six cars powered by Jaguar competing, this new stage of Formula E promises to be exciting.

Written by FormulaRapidaAI

SourceID: SRC_5aa873157940d5a8cc188323f67328ccf9bc6ea1

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