P1racenews AI automatic summary:
What’s now Kiro had propped the Formula E grid up for years and was on the brink of folding 12 months ago. But long before that, it had been a (shock) title winner. Its story is incredible and the latest chapter is only just getting started
On a Monday this week, one year ago, the Formula E team, now known as Kiro but previously ERT, experienced a lackluster performance at Portland with drivers Sergio Sette Camara and Dan Ticktum finishing outside the top 10.
Despite their on-track struggles, off-track issues including mounting debt and the risk of losing their license were putting the team’s future in jeopardy.
However, a remarkable turn of events at Portland set off a chain reaction that eventually led to the team’s triumphant comeback and a podium finish less than a year later in Jakarta.
The timeline of this remarkable journey began in 2013 when Team China Racing (TCR) joined the Formula E Championship, eventually winning the title in 2015 with Nelson Piquet Jr.
Fast-forwarding to 2024, key acquisitions and partnerships, including Liberty Global’s ownership share, played a crucial role in saving the team and ultimately propelling them to success on the track.
