Telangana govt inks pact to host Formula E world championship

(From L-R) Greenko CEO Anil Chalamalasetty, Industries and Commerce Minister KT Rama Rao, Formula E Co Founder Alberto Longo, and MAUD Special Chief Secretary Arvind Kumar at the LOI signing ceremony in Hyderabad on Monday
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(From L-R) Greenko CEO Anil Chalamalasetty, Industries and Commerce Minister KT Rama Rao, Formula E Co Founder Alberto Longo, and MAUD Special Chief Secretary Arvind Kumar at the LOI signing ceremony in Hyderabad on Monday

Highlights

Plans to host an EV summit parallel to electric car racing event in between Nov 2022 - Mar 2023

Hyderabad: Hyderabad is just one step away to host a round of the ABB FIA Formula E World Championship. Telangana State and Formula E signed a Letter of Intent (LOI) here on Monday. With this, Formula E will work with the city and State officials to examine the viability of hosting a future E-Prix.

As a part of their global hunt for new locations, Hyderabad has been chosen as a candidate host city for the upcoming season. A team from Formula E is on a two-day visit to the city and expressed their intent to consider Hyderabad for the next season in between November 2022 and March 2023.

Although ideated 10 years ago in 2011 and first race held in 2014 its viewership per race is more than half of the Formula 1 and is increasing every year quite rapidly. Currently, Formula E boasts of a cumulative viewership of 500 million.

"Hyderabad has become an official candidate city, and we are hopeful to be the host of the pinnacle electric car racing championship," said Minister for MA&UD and Industries and Commerce KT Rama Rao while presiding over the signing of LOI between Formula E and the Government of Telangana.

He said, "Hyderabad has a cosmopolitan crowd that has awareness and appetite for such marquee events. This shall be one of the flagship events for the State, putting Hyderabad on the global map, joining the league of Paris, Rome, London, Hong Kong, New York, Berlin, Monaco, a total of 18 cities."

With a progressive and forward-looking Electric Vehicle (EV) policy, Telangana wants to be an epicenter of the EV revolution. It has two dedicated parks coming up for the EV sector in the State, one at Sitarampur village in Rangareddy district and another at Divitipally in Mahabubnagar district.

"Our vision is to become most electrified State in India, in terms of mobility, and events like this will surely enable us achieve that goal. With the State government's focus on green initiatives, Hyderabad turns to be a natural choice for hosting the world's fastest growing sport Formula E," the minister said.

The state government plans to promote awareness around EVs and encourage innovation by hosting an EV summit parallel to the Formula E championship. Leading EV players and charging infrastructure companies from around the world will be invited for the EV Summit. Alberto Longo, Co Founder and Chief Championship Officer of Formula E, said: "Hyderabad truly has the necessary ingredients to be a probable host of the next season. It has always been our desire to come to India as it a major automotive market quickly adopting EVs. We hope to accelerate this change."

He invited the minister and other delegates to experience the opening rounds of Season 8 racing event at Diriyah in Soudi Arabia on January 28-29, 2022. More than 20 cities are currently vying to be part of Season 9 – the first year of the new Gen3 era of Formula E.

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