Mercedes-Benz Grand Prix Ltd (MGP) and Formula E Operations Ltd today announced signing an agreement in which Mercedes have taken an option to enter the FIA Formula E Championship in season five (2018/2019).

According to the agreement, Mercedes may choose to be one of the 12 entries to enter the series from the 2018/19 season, when it is expected to transition from the current format of two cars per driver, to a single car for the entire event.

Toto Wolff (l) & Alejandro Agag (r): Photo by @FIAFormulaE

Toto Wolff, Head of Mercedes-Benz Motorsport, said: “We have been watching the growth of Formula E with great interest. At the current time, we are looking at all the options available in the future of motor racing, and we are very pleased with an agreement that secures us an opportunity to enter the series in season five. Electrification will play a major role in the future of the automotive industry – racing has always been a technology R&D platform for the motor industry, and this will make Formula E very relevant in the future.” 

This will go some way to reassure Daimler shareholders who queried Tesla’s potential threat to Mercedes at a meeting earlier this year.