Fortescue Zero has announced the acquisition of Team Penske’s operation for the 2026-27 Formula E campaign. This purchase marks the birth of a new customer team for Jaguar, which will compete with two cars powered by the brand starting in December, joining the four already present on the grid from the factory team and Envision.
This acquisition marks the end of Penske’s journey in Formula E, a team that has been present since the inaugural season of 2014, although it has gone through several partnerships with different manufacturers. The team’s last stage was as DS Penske between 2022 and 2026, but the announced departure of DS at the end of the 2025-26 season had left some uncertainties about the team’s future.
Fortescue Zero, known for developing innovative technologies in the field of electric racing, has confirmed its intention to compete at the highest level. Gus Pichot, CEO of Fortescue, commented that the company seeks to be a force to reckon with on the track, after more than a decade transforming the energy of electric racing.
The situation of the drivers who will be part of Fortescue Zero is still unclear. Maximilian Günther has moved to Envision, and the fate of his teammate Taylor Barnard remains unconfirmed. On the other hand, Ian James, head of Jaguar, expressed his enthusiasm for Fortescue’s entry, highlighting that this also strengthens Jaguar’s presence in this field and reaffirms its commitment to technological innovation.
With six Jaguar-powered cars competing in the Gen4 era, the team hopes to bring great spectacle and innovation to the competition, reinforcing its position as a leader in the development of electric vehicles.
Written by FormulaRapidaAI
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