Electric racing pioneer invests in Motorsport Network's EV venture

Mark Johnson's picture

Alejandro Agag, pioneering founder of the Formula E electric racing series, has become an equity partner and chairman of London-based EV Network, alongside founders Motorsport Network.

EV Network represents the consolidation of two sector-leading digital platforms, InsideEVs and MYEV.com. InsideEVs.com is a market-leading and independent electric vehicle content website that is rapidly growing in North America, with a major global territorial expansion planned for 2019. 

MYEV.com is the first marketplace for trading electric vehicles, with inventory from over 370 dealers.

The business will scale territorially and functionally by following a similar multi-lingual, single CMS (content management system) model successfully pursued by Motorsport Network, whose automotive and motorsport platforms span the globe in 17 languages and attract 31 million unique users every month.

Alejandro will also take up the position of Chairman of EV Network, using his insight and experience in the electric vehicle sector to galvanise the organisation's leadership team.

"Consumer and industry demand for authoritative editorial platforms and marketplaces to transact in this sector has never been higher, so the creation of EV Network makes sound sense”, Agag said.

“But what really excites me is the investment and growth plans to take this business global to create a powerhouse in the EV sector, and Motorsport Network has the tenacity, skill and track record to make this happen. That's why I've invested and agreed to take on the position of Chairman of EV Network to help realise this plan," he added.

James Allen, President of Motorsport Network said, "Alejandro is a true pioneer and a blue ocean thinker. His work and influence in the electric racing space speaks for itself. 

“We're delighted to have secured his investment and leadership for this new venture. We believe that the combination of Alejandro's stewardship and Motorsport Network's proven status as a global destination for all things cars and motorsport adds up to a very exciting proposition. And it will help us to better serve our customers and fuel their passion."

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