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Envision Energy Close to Team Buy-In

Envision Energy close to becoming a significant partner of a current Formula E team…

Photo: Formula E

Chinese-owned energy management giant Envision Energy has ambitions to become an active partner of a current ABB FIA Formula E Championship team.

A buy-in, should one be finalized, could also see the Envision brand feature in the naming rights of a team for future Formula E seasons.

Paddock speculation has long suggested that Envision would come into the all-electric championship as a technical partner.

E-racing365 understands that it now has ambitions to become more seriously involved by possibly buying into a team.

“It is absolutely true that Envision is interested in Formula E because it is such a good platform for us to demonstrate our capabilities,” Envision’s Executive Director Felix Zhang told e-racing365 at the Geneva International Motor Show.

“We are seeking a deal to be in Formula E. Nothing is done yet so I don’t want to talk about a specific team or teams. What I will say is that we are impressed with Formula E and aligning our brand to it.

“We are an industrial company which can offer a lot of digital solutions to Formula E teams with what they do with electrical systems.”

Envision was the first company to develop a smart turbine, which featured core smart control technology, advanced measurement methods, an expert data analysis system, active performance control and reliability-based deterministic algorithms.

The Shanghai-based company is privately-owned and was founded in 2007 by Lei Zhang.

Sam Smith is e-racing365's Formula E Editor. A 20-year veteran in motorsports media, including press officer roles in both the FIA Sportscar Championship and at Lola Group, Smith is a well-known face in the Formula E paddock, where he served as series editor for Motorsport.com from 2014-17. Contact Sam

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