Advertising ┬╗
Advertising ┬╗

Formula E: American investors take over Monaco’s ROKiT Venturi Racing

Venturi Racing
Venturi Racing

A US investor group has taken ownership of the Formula E racing team founded in Monaco in 2013.


The Formula E team ROKiT Venturi Racing announced on 9 December that an investor group, led by Scott Swid and Jos├ę M Aznar Botella, had purchased the team. Team Principal Susie Wolff and Founder Gildo Pastor will retain an interest.

ROKiT Venturi Racing described the purchase as the “start of a compelling new era for the team” and “a significant step forward.”┬áThe Mon├ęgasque brand also said that the purchase confirmed the appeal of Formula E as a “global business platform.”

A switch towards sustainability

“We have a new and forward-thinking investor group who see and feel the potential in the series and team as I do,” said team founder Gildo Pastor. “I know that the team is in very safe hands.”

>>MORE ON E-RACING: Extreme E racing launches a call for scientists

Scott Swid admitted that they were initially looking at investing in Formula 1, but investment partner Jos├ę M Aznar Botella managed to change his mind. “Every forward-thinking corporate board in the world is cognisant of the importance of sustainability and is looking for ways to invest in its future,” said Swid.

Swid’s comments confirm a global trend that has seen sustainability and ESG factors climb up the agenda of investors.

>>MORE ON E-RACING: Extreme E: Former F1 pilot Nico Rosberg joins the adventure

ROKiT Venturi Racing was the first manufacturer to join Formula E when it was first founded in 2013. It is Monaco’s only Formula E racing team. Alongside its three year partnership with global telecommunications innovators ROKiT, Venturi Racing has in the past also partnered with Mercedes-Benz.