“Formula E is a completely new motorsport discipline with extremely tough competition,” said Ulrich Fritz, CEO of HWA AG. “It’s a challenge that we’re very happy to rise to. HWA AG are the most successful team ever in DTM history. Our goal is to continue the company’s success story in Formula E."

Founded in 1998, HWA AG is currently under contract to Daimler AG’s motorsport department to provide a full range of services in the DTM series for the marque.

“Not only does Formula E have a new-look and unique visual identity for season five, with the futuristic next-generation car - but we also have exciting news with a new team entering the ABB FIA Formula E Championship in HWA AG," said Formula E Founder and CEO Alejandro Agag. "It’s rewarding to see a name so synonymous with racing join the already impressive and growing list of teams and manufacturers competing in Formula E."

Venturi, as a founding team within the series, currently fronts two Mercedes-AMG Motorsport drivers – Edoardo Mortara and Maro Engel - who currently sit 11th and 12th in the championship, with the team placed 7th. “I’m delighted to contribute to HWA AG’s arrival as a Formula E team, by providing them our Venturi Gen2 cars for next season," said Gildo Pastor, President of the Venturi Formula E Team. "Our partnership over the current season is a win for both organisations. I have no doubt that the experience of Venturi Automobiles in high-performance electric vehicles will be a valuable asset for HWA AG, who will be keen to add to an already impressive record.”

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