Fortescue Zero has once again shaken up the world of Formula E, acquiring the operations of Team Penske for the 2026-27 season. This news marks a new chapter for the Australian team, which will introduce two Jaguar-powered vehicles to the grid, starting between December 2026 and January 2027.
With this purchase, the Formula E grid will have six Jaguar-powered cars, including four that belong to the factory team and Envision. This acquisition represents the end of Penske’s era, which has been present in the competition since its first season in 2014, with various manufacturer partnerships over the years.
The most recent, which took place between 2022 and 2026, was with DS, with whom the team competed as DS Penske. However, DS’s recent decision to withdraw at the end of the 2025-26 season created uncertainty about the team’s future. Now, the purchase by Fortescue confirms this immediate transition.
Gus Pichot, CEO of Fortescue, has expressed his vision: ‘For over a decade, Fortescue Zero has been at the forefront of technologies driving electric racing. Now, we will show the world our ability to compete on track.’ Pichot emphasized that the team is not only seeking trophies but aims to innovate and develop new technologies applicable beyond racing.
The Fortescue Zero team has yet to confirm who its drivers will be for this new challenge, following Maximilian Günther’s departure from DS Penske to join Envision. The situation of the other driver, Taylor Barnard, is also uncertain, generating excitement among fans.
Ian James, Jaguar’s director, has celebrated Fortescue’s entry, highlighting that ‘Formula E is the ideal platform to keep Jaguar at the forefront of electric vehicle technology development.’ Fortescue’s participation will strengthen Jaguar’s presence in the competition, combining efforts to innovate and win in the new Gen4 era.
Written by FormulaRapidaAI
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