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Formula E signs Letter Of Intent with Telangana

Formula E would associate with the city and state officials to evaluate the possibility and viability of the place to host an E-Prix in future.

The popular electric motorsport competition, Formula E and the state of Telangana situated in India penned down an agreement to kickstart the latter’s aim to host a round of the ABB FIA Formula E World Championship. The contract is a Letter Of Intent (LOI) between the two signatories signed in the official candidate city for the event that is Hyderabad.

Following this signing, Formula E would associate with the city and state officials to evaluate the possibility and viability of the place to host an E-Prix in future. In this process, India’s leading renewable energy firm, Greenko will collaborate with the motorsport circuit to construct the event. The cleantech and energy-storing company with its commitment to provide clean and affordable energy would efficiently assist in hosting the grand competition.

Alberto Longo, Co-founder and Chief Championship Officer of Formula E gave his insights on the agreement and said, “We welcome Hyderabad and the State of Telangana’s interest in hosting a round of the ABB FIA Formula E World Championship. With this Letter Of Intent, we can further explore the exciting potential of returning elite motorsport to India. Mahindra Racing has been a part of Formula E since our very first race and I encourage you all to tune in to Star Sports and show your support for the team in the opening rounds of Season 8 on 28 & 29 January.”

While India took a step towards its desire to partner with Formula E, more than 20 cities are presently trying to associate with the brand for its ninth season marking the first year of the new Gen3 era. Even before this deal, India had a strong recognition in the circuit through its native firm Mahindra Racing, which is the founding team of the world’s first all-electric street racing series and had performed in every race.

Season eight will kickstart in Diriyah and Saudi Arabia on January 28 with prominent locations for the first 16 races being Vancouver, London, Mexico City and Jakarta. Recently, Formula E has also inked an association with DHL to benefit the environment.

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