NEWS

Avalanche Andretti Formula E and the Indiana Economic Development Corporation’s New Partnership Puts Indiana on a Global Stage

Photographer: Spacesuit Media

04.07.22

Avalanche Andretti Formula E today announced a partnership with the Indiana Economic Development Corporation (IEDC), to increase global awareness about Indiana leadership around clean energy availability, increased access to entrepreneurial resources and innovative placemaking efforts.

 

 
As a collective Formula E continues to set the agenda for sport as a catalyst for change and a pioneer in the industry to tackle climate change through the transition to clean energy. This is underpinned by significant sustainability achievements including: becoming the first sport to be net zero carbon from inception, signing up to certified Science-based Targets and ensuring the sport’s ecosystem and partnerships are directly aligned to nine of the 17 UN Sustainable Development Goals.


 
Working together, the partnership between Avalanche Andretti FE and the IEDC will create a powerful alliance which aims to bring the state of Indiana to the world with the all-electric race team at street circuits in iconic cities around the globe. In May, the partnership will take center stage at the inaugural Indiana Global Economic Summit which will convene international business executives, industry leaders and foreign dignitaries in the heart of the U.S. Taking place in conjunction with the world-renowned 106th Running of the Indianapolis 500, the Summit will showcase the state’s leadership in transformative ideas and solutions to complex global challenges.


The partnership is a natural extension of Indiana’s long history in the advanced energy storage sector, particularly in electric and hybrid vehicle technology development. In the 1990’s, GM’s advanced powertrain division in partnership with Delphi Electronics developed the battery behind the first modern electric vehicle, the EV1. Today, Indiana supports the future of energy and energy storage through partnerships like the Battery Innovation Center (BIC), a collaborative initiative that focuses on the rapid development, testing and commercialization of energy storage systems for defense and commercial customers. This support has led to projects from companies such as Toyota, Honda and Cummins committing to building their next generation electric and hybrid technologies in Indiana.



Michael Andretti, CEO and Chairman, Andretti Autosport, said:


“Partnering with the Indiana Economic Development Corporation is a natural fit for Avalanche Andretti Formula E. Not only does IEDC represent Indiana – the U.S. home of Andretti Autosport – but the focus of the partnership fits the purpose-driven environment of Formula E and our desire to innovate and excite race fans through motorsports.


“Being able to put Indiana on a global stage is a great opportunity for us, and the IEDC in their mission to continue to progress and shape the state’s future.”


Brad Chambers, Indiana Secretary of Commerce, IEDC, said:


“The partnership with Avalanche Andretti Formula E amplifies Indiana's commitment to being a key player in the future of mobility and energy while acknowledging our deep Hoosier roots in motorsports.


“We’re excited to connect Indiana’s incredible talent pipeline with exciting, forward thinking technical roles within our state’s racing community and welcome the opportunity to continue to position Indiana as a key player in the international marketplace."


About IEDC
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers, @SecChambersIN, and governed by a 15-member board chaired by Governor Eric J. Holcomb, @GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.