
The ERT Formula E team has been acquired by new American owners and undergone a rebrand for the upcoming season, where it will race under the banner of Kiro Race Co and run Porsche powertrains.
The team has been acquired by US-based investment firm The Forest Road Company, via additional capital from Ares Management co-founders David Kaplan and Bennett Rosenthal, and will race under an American licence for the 2024-25 campaign, which gets under way with Valencia pre-season testing next month.