In this case we're talking about Jay Penske, who – though he went into publishing and not the automotive industry – followed in his father's footsteps straight into IndyCar racing. And while his Dragon Racing team has yet to win a race, it has fielded some prominent drivers, like Ryan Briscoe, Raphael Matos, Sebastien Bourdais, Patrick Carpentier, Paul Tracy, Tomas Scheckter and Scott Speed.
You might call Dragon Racing the next Andretti Autosport, and now it's following Michael Andretti's team straight into the inaugural Formula E season, where they will join Drayson Racing and China Racing as the first four in an earmarked 10-team grid.
The FIA has also revealed the provisional calendar for the inaugural season of electric racing, starting off next September in Beijing before hitting Malaysia, Hong Kong, Uruguay, Argentina, LA, Miami, Monte Carlo and Berlin before wrapping up in London in June 2015. Of course the roster of teams and calendar of races are still pending approval of the FIA's World Motor Sport Council, but you can scope out the pair of press releases below in the meantime.
Leading IndyCar squad appointed fourth team for new global electric series
LOS ANGELES, USA (25th September, 2013): Leading IndyCar outfit Dragon Racing has today signed an agreement with series promoters Formula E Holdings to become the fourth team to enter the FIA Formula E Championship – the new fully-electric race series beginning in September 2014.
Dragon Racing is owned by media and publishing entrepreneur Jay Penske, with its headquarters based in Los Angeles – a city which has recently become the top market in the world for electric vehicles. It now joins Andretti Autosport, Drayson Racing and China Racing as one of the 10 teams to be put forward to the FIA for final approval by its World Motor Sport Council.
"It's an honour for Dragon Racing to have been selected as one of the founding teams in Formula E," said Jay Penske, Owner and President of Dragon Racing. "Formula E symbolizes a vision for the future of motorsports and the automotive industry, while directly appealing to a new generation of global race fans. Formula E offers a tremendous opportunity for our many technology and media partners, and we look forward to its inevitable growth and ascendancy over the next decade."
Dragon Racing first began in 2006 under the original banner of Luczo Dragon Racing founded by both Penske and Steve Luczo, Chairman and CEO of Seagate Technologies. In May 2007, they made their debut at the Indianapolis 500 finishing an impressive fifth with Ryan Briscoe. Two years later they completed their first full IndyCar season claiming Rookie of the Year with Raphael Matos. Currently Dragon Racing fields two cars in the IndyCar Series with drivers Sebastian Saavedra and four-time Champ Car World Series champion Sébastien Bourdais.
Alejandro Agag, CEO of Formula E Holdings, said: "We're extremely happy to welcome Dragon Racing to the FIA Formula E Championship and are convinced that Jay Penske and the team will be a major contribution to our grid. Today's announcement also brings an LA based team to the Championship. That has special significance as California has become the 'land of electric cars', an example that we want to spread to the rest of the world.
"With Dragon Racing lining up alongside fellow IndyCar giants Andretti Autosport, what's apparent is the continued interest from the States Formula E is receiving from not only teams but also cities, with races taking place in Los Angeles and Miami. We still have more teams to announce over the coming weeks, with the full grid to be made public by the end of November."
For more information on Formula E Championship visit www.fiaformulae.com or for further details on Dragon Racing log onto www.dragonracing.com.
FIA FORMULA E CHAMPIONSHIP UNVEILS PROVISIONAL 2014/2015 CALENDAR
Hong Kong, Monte Carlo and Punta del Este added to 10 host cities for spectacular inaugural season
LONDON, UK (27th September 2013): Formula E Holdings, promoters of the new FIA Formula E Championship, today unveiled its provisional 2014/2015 calendar featuring 10 city-centre events spanning four continents, beginning with Beijing, China, on 20th September 2014.
The inaugural calendar was proposed to the FIA during its World Motor Sport Council in Dubrovnik, Croatia, and will run from September 2014 to June 2015. Beijing will have the honour of hosting the world's first fully-electric race while London is set to stage the season finale (Round 10) on 27th June 2015.
Three new venues have also been added from the original list of cities which was announced earlier this year (March). Uruguay's picturesque beach resort of Punta del Este, the glamorous harbour of Monte Carlo and one of the world's leading financial centres Hong Kong. These replace Rome, Rio de Janeiro and Bangkok which will instead be considered as candidate cities for the coming Formula E seasons.
After the opening round in Beijing, the 10 teams and 20 drivers of the FIA Formula E Championship will remain in Asia for Rounds 2 and 3, with Putrajaya, the federal administrative centre of Malaysia on 18th October 2014, followed by Hong Kong on 8th November 2014.
From here, the series heads to South America with Round 4 in Punta del Este, Uruguay, on 13th December 2014 before starting the New Year in Buenos Aires, Argentina, for Round 5 on 10th January. The series then heads to North America for Rounds 6 and 7 with Los Angeles on 14th February 2015 and Miami on 18th April 2015.
The season then moves to Europe for the final three rounds beginning with Monte Carlo, Monaco, on 9th May 2015 followed by the German capital of Berlin on 30th May 2015 where the former airport of Tempelhof has already been revealed as the circuit location. The inaugural season then reaches its climax in London, UK, on 27th June 2015.
The provisional calendar will now be considered by the FIA before being finalised during the December FIA World Motor Sport Council.
Alejandro Agag, CEO of Championship promoters Formula E Holdings, commented: "We're very excited to be revealing our provisional calendar today and thankful to all the cities that have agreed to host our Formula E races, as well as those that had shown interest. Since launching the Championship last year we have received formal offers from more than 25 cities all over the world making choosing just 10 very difficult indeed. Today's provisional calendar sees us race in the heart of some of the most well-known cities in the world providing a fantastic backdrop and showcasing electric vehicles in their favoured urban environments. We will now focus on finalising the design of each of the circuits as well as working closely with all our partners to ensure we deliver each of these events in the most sustainable way possible."
Agag added: "To be in this position with one year still to go until the first race is a testament to the interest Formula E is generating around the world and the commitment cities have shown to clean mobility and sustainability, not to mention all the hardwork undertaken by our Operations Team. Today is a very exciting day for the future of motorsport and we can't wait for the first race to begin!"
All Formula E events will feature a free practice session, qualifying session, one-hour race and live music concert taking place in a single day (Saturday) in order to minimise disruption to the city and its surrounding areas. Precise circuit layouts for each venue will be revealed at a later stage but all will use city-centre locations. Tickets for the first rounds will go on sale in 2014.
Formula E is a new FIA championship featuring Formula cars powered exclusively by electric energy – representing a vision for the future and serving as a framework for research and development around the electric vehicle. For the first season only, all 10 teams - each with two drivers - will compete using the new Spark-Renault SRT_01E car, unveiled earlier this month at the Frankfurt Motor Show.
For more information on the FIA Formula E Championship visit www.fiaformulae.com.
2014/2015 FIA Formula E Championship – Provisional Calendar
Round 1 - Beijing, China* - 20th September 2014
Round 2 - Putrajaya, Malaysia - 18th October 2014
Round 3 - Hong Kong, China - 8th November 2014
Round 4 - Punta del Este, Uruguay - 13th December 2014
Round 5 - Buenos Aires, Argentina - 10th January 2015
Round 6 - Los Angeles, USA - 14th February 2015
Round 7 - Miami, USA - 18th April 2015
Round 8 - Monte Carlo, Monaco* - 9th May 2015
Round 9 - Berlin, Germany - 30th May 2015
Round 10- London, UK - 27th June 2015
*Subject to ASN approval
All events remain subject to FIA Track Homologation.