Mahindra & Renesas Form Strategic Formula E Partnership

The prominent auto manufacturer Mahindra & Mahindra has formed a new strategic partnership with the semiconductor supplier Renesas Electronics Corporation based around the development and manufacturing of electric vehicle tech and “Advanced Driver Assistance Systems” in India. Notably, the new strategic partnership sees Renesas join up as the official technology partner of the Mahindra Racing Formula E team.

As part the deal, the two firms will be cooperating on a number of different programs — including various “proof of concepts” of racing and possible production cars.

Mahindra Racing is one of the 10 founding FIA Formula E Championship teams, and the only team to be based out of India. Building on its success in season 3 with the M3Electro race car, Mahindra has created the new M4Electro race car for season 4.

Formula E is helping to grow Mahindra’s EV technology and expertise, and this new strategic partnership with Renesas will only help them to accelerate the learning curve. Renesas automotive semiconductor expertise will increase Mahindra’s thrust in Formula-E and help in continuing to play a pioneering role in the fast growing Indian EV market.