P1racenews AI automatic summary:
Lola has acquired the ownership of the Formula E entrant licence previously owned by the Abt organisation, The Race can reveal
The Race has revealed that Lola has acquired the ownership of the Formula E entrant license previously owned by the Abt organization. Lola, reanimated by American-based British businessman Till Bechtolsheimer between 2012 and 2022, is now the sole owner of the license and one of the seven registered manufacturers in Formula E. Abt remains as the operational element of the Lola Yamaha Abt Formula E Team for this season. Bechtolsheimer expressed that team ownership was not initially their focus, but they are now happy with the partnership and structure in place. Lola also brought Yamaha in as a technical partner for the Gen4 rules set starting in 2026. Bechtolsheimer mentioned that discussions with Formula E for a separate team license didn’t materialize, and expressed excitement about the technical advancements and potential of Formula E.
