Rosberg joins corridors of power with Formula E investment

Rosberg joins corridors of power with Formula E investment

by Joseph Anthony
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Retired 2016 Formula One world champion Nico Rosberg

Retired 2016 Formula One world champion Nico Rosberg has become a shareholder and long-term investor in Formula E, the all-electric series said on Tuesday.

The Monaco-based German will also give next seasonโ€™s new Gen2 car itโ€™s first public demonstration run at the Berlin ePrix on May 19, round nine of the championship.

โ€œSince my retirement, Iโ€™ve become very interested in the e-mobility movement and its potential to positively impact our society and our planet,โ€ the 32-year-old said in a Formula E statement.

โ€œIโ€™ve therefore also long believed in the potential of Formula E and came on board as an investor some time ago.โ€

Rosberg and Formula E gave no details about his shareholding.

Mercedes, the team Rosberg won his F1 title with and for whom he still acts as an ambassador, are due to enter Formula E in the 2019-20 season, the sixth campaign for the series.

German media have linked Rosberg to a possible management role with that team.

Rosberg had said last December when he attended the season-opener in Hong Kong that he was interested in getting involved in Formula E but not as a driver.

Formula E said in a separate statement that it was attracting a new and younger audience with particularly rapid growth in the 13-24 age bracket.

The number of 13-17 year-olds engaging with online content had risen 347 per cent year-on-year, it added.

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