Italian investor launches Formula E project for 2022 entry

Electric vehicle investor Gianfranco Pizzuto has announced plans to form a team and enter the 2022 Formula E season. 

The Italian – who describes himself as an “EV pioneer” – helped finance the Fisker Karma road car, one of the first plug-in hybrid electric vehicles.

Despite investment also coming from Leonardo DiCaprio, the company declared itself bankrupt in 2014 ahead of a buyout from Hong Kong billionaire Richard Li.

Pizzuto revealed his intention to lodge a bid and enter FE via a post on LinkedIn, which was accompanied by mock-up image detailing a potential livery pictured at the start of the story.

He wrote “Massimiliano Zocchi [journalist] literally ‘provoked’ me the other day: ‘Why don’t you start a Formula E team?’, he said, probably knowing that I’m crazy enough to do it.

“I had to think about it for a couple of days before I’ve contacted another ‘crazy electric’ guy, Mark Lander of IMECAR Elektronik [battery pack developer based in Turkey] and told him about.

“His answer was: ‘Crazy idea but I like it’ and therefore we go for it!

“Today we are officially starting our Formula E project with the aim of participating to the 2021 or 2022 season, depending on how quick we can fund it.

“If you are interested in participating and supporting the project feel free to contact me!”


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