Fortescue Zero purchases Team Penske for Formula E's Gen4 era
Fortescue Zero will run two Jaguar-powered cars as the Penske name leaves the grid and Formula E expands to 22 entries.
- Fortescue Zero has acquired Penske Autosport from Jay Penske, ending one of Formula E's longest-serving entries and securing the team's grid position for the upcoming Gen4 era.
- Penske Autosport competed since Formula E's 2014 inception, but DS Automobiles announced its departure following the 2025-26 campaign, creating uncertainty that this acquisition now resolves.
- Utilizing two Jaguar-powered cars, Fortescue Zero expands the manufacturer's presence to six vehicles on the grid. The company transitions from technology supplier to competitive race team.
- As the first Australian-flagged entry, the team brings the Formula E grid to 22 cars for next season. Operations remain based in Oxfordshire, UK, utilizing existing facilities.
- Fortescue Growth and Energy CEO Gus Pichot stated, "Now, we're going to show the world how we can compete on the track as well." The shift enables technology testing within the series.
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Fortescue Zero launches Formula E push
Image: Fortescue ZeroFortescue Zero has launched a new electric racing and innovation team in a bid to compete in the ABB FIA Formula E World Championship, following its acquisition of the Penske Formula E operation. The Fortescue Zero team intends to become the first Australian-owned outfit to compete in Formula E, with plans to join for the start […] Australian Mining.
Fortescue Zero has acquired the operation of Team Penske in Formula E and will debut in the electric mono-places championship in the 2026/27 season, which starts in December. The team will compete with Jaguar Gen4 motor units, joining the official Jaguar TCS Racing structure and the Envision Racing client. With two mono-places of the Australian structure, two [...] The post Fortescue buys Penske and joins Formula E first appeared on AutoSport.
Formula E’s former battery supplier is now a race team
Former Formula E battery supplier Fortescue Zero will become a race team in the electric championship starting from the 2026-27 season. The Australian-owned company has announced plans to compete as a customer team, through its acquisition of the experienced Penske squad that was previously affiliated with DS Automobiles. Fortescue Zero was known as Williams Advanced Engineering (WAE) before being purchased by Australian mining giant Fortescue i…
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