Virgin has announced it will be entering a team in the new Formula E championship, which kicks off next year.
The Virgin Racing Formula E Team will headed up by Team Principal Alex Tai, who briefly held the same position at Formula 1 team Virgin Racing.
Like all the teams in the championship the car being used Virgin will be the Spark-Renault SRT-01E, which was test driven for the first time in November.
Virgin founder, Richard Branson said: “The launch of the Formula E Championship is exciting news for racing fans but also for those that believe in developing the great electric cars of the future. The need to create fast, dependable and durable race cars will help to accelerate the sector and showcase electric cars to a large global audience.”
A recent EY report claimed that over 25 years the Formula E championship would help flog 77 million electric vehicles.
Alejandro Agag, CEO of Formula E Holdings said: “Today’s announcement now means we just have one team left to announce before the grid for the inaugural 2014/2015 Formula E season is complete.”