P1racenews AI automatic summary:
ERT has officially become Kiro Race Co. ahead of the eleventh season of Formula E.
The ERT Formula E Team has been acquired by The Forest Road Company and rebranded as Kiro Race Co., with the team based in Silverstone but racing under an American license. The acquisition was made possible by David Kaplan and Bennett Rosenthal of Ares Management, managed by Forest Road. Team principal Alex Hui expressed excitement about the historic moment and the potential brought by the investment of Forest Road and Porsche Motorsport. Kiro Race Co. has also entered a technical partnership with Porsche, receiving the upgraded Gen3 powertrain to compete at the highest level. Forest Road’s managing director Jeremy Tarica highlighted the importance of entering the Formula E World Championship and supporting Kiro’s journey to become a leading force in the industry.
