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PHOTO CAPTION: Formulec E-racer could be model for future Formula E machines.

Formula E Racing Series to Launch in 2014

Proposed locations worldwide electric car racing series include Hong Kong, Shanghai and Beijing as well as Mumbai, Sydney, Cape Town, Rio de Janeiro, Moscow, Mexico City, Miami and Los Angeles.

Published: 28-Aug-2012

LONDON - A new 'Formula E' global series of city centre electric car races will start in 2014 after motor sport's governing body licensed the commercial rights to a Hong Kong-based consortium.

A statement on Monday said London-based Spanish businessman Enrique Banuelos will be lead investor in Formula E Holdings Ltd, with compatriot and fellow shareholder Alejandro Agag serving as chief executive.

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