Formula E Racing
Formula E is a new FIA single-seater championship and the world’s first fully-electric racing series. Beginning in September 2014 through to June 2015, the championship will compete in some of the world’s leading cities – including London, Beijing and Miami. For the inaugural season, 10 teams, each with two drivers, will go head-to-head creating a unique and exciting racing series designed to appeal to a new generation of motorsport fans. It represents a vision for the future of the motor industry over the coming decades, serving as a framework for R&D around the electric vehicle, accelerating general interest in these cars and promoting sustainability. From season two, Formula E will operate as an “open championship,” allowing teams and manufacturers the opportunity to showcase their own electrical energy innovations. Working to the technical specifications set out by the FIA, teams will focus their efforts on improving and developing battery technology in the hope this will filter into the everyday electric vehicle market. The championship centres around three core values of Energy, Environment and Entertainment and is a fusion of engineering, technology, sport, science, design, music and entertainment – all combining to drive the change towards an electric future.
Accepting on behalf of Formula E are Alejandro Agag and Francesco Costa
Alejandro Agag is CEO of Formula E Holdings – a new FIA backed global motor racing Championship using cars powered solely by electricity, launched in September 2014. Born in Madrid in 1970, Alejandro Agag enjoyed an international upbringing in Madrid, Paris and New York, gaining fluency in English, Spanish, French and Italian. Agag graduated in Economics and Business Studies at Colegio Universitario de Estudios Financieros (CUNEF) in Madrid. It was here that his interest in the world of politics began. Agag initially joined the youth organization of the main center-right Spanish party Partido Popular (PP) and went on to become its Head of International Relations. Upon graduating, at the age of 23, Agag was named Deputy Secretary General of the European People’s Party (EPP) and moved to Brussels. After holding that position for two years, Alejandro returned to Spain. Following the PP’s first election victory, Agag was named personal assistant of the Prime Minister. He was only 25. In 1999, after assisting Spain’s Prime Minister for 3 years, Agag returned to European politics, after being elected new Secretary General of the PPE. During the European elections in 1999 Agag won a seat in the European Parliament, becoming the youngest Spanish person to ever win a seat in the European Parliament at the age of 28. As an MEP, Agag joined the Economic and Monetary affairs Commission of the European Parliament, specializing in parliamentary control of the European Central Bank and antitrust policy. He became the spokesperson of the annual antitrust policy report at the European Parliament in 2000. Also, during their 2000 annual congress in Mexico, Agag was elected Secretary General of the Centrist Democrat International (CDI), a global political organization with over 100 member parties from all over the world. Agag combined those three roles until 2001 when he decided to leave the world of politics and move to business. That career decision also coincided with his marriage to Ana Aznar and their move to London.
In 2012, Agag together with his business partner Enrique Bañuelos, a London-based real estate entrepreneur, created Formula E Holdings Ltd. After a period of negotiation, the company signed an agreement with the FIA to exclusively promote the new FIA Formula E Championship featuring racing cars powered solely by electricity. Agag’s motor racing and business credentials earned him the position of CEO of Formula E. The clean energy Championship debuting in 2014 will be held in the heart of global cities, where environmental concerns and rapid urban growth are calling for urgent clean mobility solutions. Agag sees the research and development of electric racing cars as a catalyst for the development of tomorrow’s clean city cars. With over a decade of motorsports experience and years of shaping global and social issues as a politician, Agag is determined to revolutionize the world of clean mobility on the racetrack, city streets and consumer markets. With a passion for technological innovation and a proven skill for turning things around – his biggest challenge yet will be to leave a legacy of clean mobility innovation in our 21st Century racetracks and cities.
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