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Nissan Acquires Stake in e.dams

Nissan buys an undisclosed stake in e.dams ahead of debut Formula E program…

Photo: NISMO

Nissan has bought a stake in e.dams ahead of the Japanese manufacturer embarking on its maiden ABB FIA Formula E Championship campaign with the team.

E.dams founder Jean-Paul Driot has sold an undisclosed stake in the team of which he had been the sole owner after founding it in 2014.

It came under his DAMS business which he founded with former Renault, Ferrari and Ligier Formula 1 driver Rene Arnoux in 1989.

He reacquired 100 percent ownership of the Formula E team earlier this year when partner Alain Prost relinquished his stake.

Prost left to pursue a role with the Renault F1 team although he still retains an interest in Formula E through his role in the Global Advisory Board along with Alejandro Agag and several other key electric technology and environmental figures.

“For Nissan’s first Formula E experience, it makes sense to partner with e.dams and be able to draw on the organization’s experience of winning races and championships,” said Roel de Vries, Nissan corporate vice president and global head of marketing and brand strategy.

“The level of competition in Formula E will get even more intense for season five, with a series-mandated all-new car and powertrain.

“As part of our commitment to our partnership, Nissan has now purchased an ownership stake in the organization, and we’re excited to work with Jean-Paul and his team.”

The Nissan entry will feature a core of the team which brought three teams’ titles for the Renault-backed team in the first three seasons of the series.

However, several team members have since moved on, including Jeremy Colancon who e-racing365 revealed earlier this week had moved to Venturi.

Jean-Paul Driot is bullish about the new partnership with Nissan.

“With our new partner Nissan, we’re eagerly awaiting the new challenges ahead,” he said.

“We’re very proud of our history in Formula E, and we’re looking forward to adding new pages to the series’ history books with our new partner and the new car.”

E-racing365 understands that the team conducted two days of testing at Calafat last weekend, while further tests are expected in the coming weeks.

Confirmation of its driver lineup, which is likely to include 2015-16 champion Sebastien Buemi, is expected ahead of next month’s pre-season test at Valencia.

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 from 2014-17. Contact Sam

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