Formula E 2023 title sponsor Greenko to supply 100 % renewable power for races

HYDERABAD: Formula E and Ace Nxt Gen, the promoter of the first ABB FIA Formula E World Championship race in India, announced that leading Indian renewable energy company Greenko will be the title partner of the 2023 Greenko Hyderabad E-Prix on Friday.

Greenko would fully power the event with renewable energy, in line with Formula E’s net zero carbon strategy and RE100 commitment to achieve 100 percent renewable energy for the championship,

As the title partner of the historic first FIA-sanctioned electric world championship motorsport race in India, Greenko would be leading the way towards a decarbonised and sustainable future. Greenko’s core values align with the mission of the ABB FIA Formula E World Championship of accelerating towards a clean energy future.

Fans attending the 2023 Greenko Hyderabad E-Prix would see home favourites Mahindra Racing and Jaguar TCS Racing compete against two iconic motorsport names – NEOM McLaren Formula E and Maserati MSG Racing – who joined the Formula E grid for the first time from this season.

The 11 teams and 22 drivers would be competing in the all-new GEN3 race car. The GEN3 is a huge leap in technological development and innovation with engineers at the FIA and Formula E pushing the boundaries of EV development.

Capable of a 200mph (322kph) top speed, the GEN3 is 53kg lighter than the GEN2 with a smaller chassis optimised for street racing. An additional front powertrain adds 250kW to the 350kW at the rear, more than doubling the regenerative capacity of the previous GEN2 car to 600kW, with more than 40% of the energy used in-race regenerated under braking.

Founder of Greenko Group and Ace Group Anil Chalamalasetty said, "We are delighted to be partnering with an iconic race, India's first ever Formula E World Championship in association with the Government of Telangana and FIA, with support from the Government of India. We are committed to combat climate change and lead the way for global decarbonisation. Greenko will be powering the entire 2023 Greenko Hyderabad E-Prix event with renewable energy, making it first of its kind Net Zero event in the world on this scale. I am excited that one of the world's greenest cities will host the greenest race, under the dynamic leadership of Minister K T Rama Rao. We look forward to witness history in the making, as India drives towards a sustainable future on February 11, 2023 on the streets of Hyderabad."

Co-Founder and Chief Championship Officer, Formula E, Alberto Longo said, “We welcome Greenko as sponsor of this historic first Formula E race in India. The 2023 Greenko Hyderabad E-Prix promises to be a milestone event for motorsport fans across India and for fans tuning in around the world. Greenko will have a global platform to showcase their sustainability credentials as Hyderabad joins iconic world cities such as London, Berlin, Diriyah, Mexico City, Rome and Monaco in hosting the pinnacle of electric motor racing.”

Greenko Group was founded in 2006 and is one of the world’s leading energy transmission and decarbonisation company. As an industry leader the company is building, owning and operating high-quality renewable energy assets replacing fossil fuels with integrated decarbonized energy.