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Picture Credit: Instagram/@mclaren

McLaren Racing has decided to officially compete in the ABB FIA Formula E World Championship from next season after the purchase of the Mercedes-EQ team. The British team will be the new owners of the championship-winning outfit and will be hoping to gain a competitive advantage in both Formula E and F1. The move reflects McLaren's commitment to the third generation of Formula E, which will see the introduction of the series' fastest, most efficient and sustainable race car yet.

The CEO of the company Zak Brown informed that the team would enter the sport in 2022-23, expanding its reach in electric motorsport. Ian James, the current team principal of the Mercedes-EQ team, will remain on board to lead the new team until the end of the year.

Speaking over recent development, the team's CEO Zak Brown said that McLaren always seeks to compete against the best and on the leading edge of technology, providing fans, partners and people with a new reason to stay excited, entertained and inspired.

"Formula E, like all our racing series, fulfils all those criteria. As with all forms of the sport we participate in, Formula E has raced at the centre but will be strategically, commercially and technically additive to McLaren Racing overall," he quoted.

The Formula E team will join the Working-based team's F1 outfit, along with its IndyCar team under the larger parent company. However, the company has not made it clear who will drive for the British teams, but fans are hoping Daniel Ricciardo to make an appearance.

Speaking over McLaren's performance in the recently concluded Miami GP, the team's principal Seidl shared that the team didn't perform well. "It was surely a reality check also of where we are and where we want to be in future. This performance was clearly more in line with what we have seen in Bahrain, or also in Jeddah," he concluded.

The team currently sits P4 in the constructor's standings with 46 points from the first five rounds of the season.