Spark Racing Technology

What Spark Racing Technology does

Spark Racing Technology SAS is a French private engineering and manufacturing company founded in 2012 by Frédéric Vasseur (now Ferrari F1 Team Principal), headquartered in Tigery, France, with a secondary UK subsidiary opened in 2025 through the acquisition of a battery-specialist team. The company designs, engineers, and manufactures high-performance electric and hydrogen racing vehicles, operating as the exclusive FIA-appointed supplier for Formula E single-seaters since 2014 across all four generations (Gen1 SRT_01E, Gen2, Gen3 launched 2023, Gen4 launching Season 13 in 2026/27), as well as the exclusive car provider for the Extreme E championship (Odyssey 21 electric SUV) until 2024 and the designer/builder of the Pioneer 25 hydrogen fuel cell race car for the inaugural Extreme H World Cup in 2025. Its core technology integrates mechanics, electronics/software, and aerodynamics under a single-roof design-engineering-manufacturing model in Tigery, with partnerships for key sub-systems (Symbio fuel cells, Fortescue batteries, WAE/Helix motors/inverters).

The company's revenue model rests on three streams: (i) hardware sales of complete race cars and spare parts to racing teams in FIA-sanctioned championships, producing approximately 30 cars per year; (ii) engineering services and co-development projects for premium automotive OEMs including BMW, Mercedes, Nissan, Audi, Jaguar, and DS; and (iii) a partnership with LMX Bikes to develop next-generation high-performance electric two-wheelers, in which Spark holds a majority stake. Vehicles are sold on a quote-based B2B basis with no public pricing distribution, and go-to-market is direct enterprise sales to racing teams and OEMs. Approximately 50 employees work out of the Tigery facility, with a small UK engineering presence added in 2025; the company is privately held, with Vasseur as founder/Chairman of the Supervisory Board, Nicolas Wertans as Chairman, and a 25% stake held by Sodaphi Group CEO Alexandre Dallemagne.

Name

Spark Racing Technology

Legal name

Spark Racing Technology

Website

https://sparkracingtechnology.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Spark Racing Technology designs, engineers, and manufactures high-performance electric and hydrogen racing vehicles, serving as the exclusive FIA-appointed supplier for Formula E and the Pioneer 25 race car for the Extreme H championship, while providing engineering services to premium automotive OEMs and electric-mobility partners.

Ownership category

akta.pro rank

Product category

Electric Racing Vehicle Manufacturing

NAICS

Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Other Engine Equipment Manufacturing (333618)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ)

akta.pro secondary industry

Battery Pack & Module Manufacturing (EV) (IMACACAA)

Keywords

• Electric racing vehicles
• Hydrogen race cars
• Motorsport engineering
• Formula E manufacturing
• Vehicle integration services

Headquarters

HQ city

Tigery

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Race Car Manufacturing and Sales: Spark designs, engineers and manufactures complete racing single-seaters and SUVs for Formula E, Extreme E and Extreme H championships. They produce approximately 30 cars per year for racing teams and supply spare parts.
2. Engineering Services: Provides engineering services including racing assistance, technical support, prototype development and co-engineering projects with major premium car manufacturers. Includes concept cars for OEMs.
3. Spare Parts and Aftermarket: Supplies spare parts to racing teams throughout competition seasons and provides technical support during E-Prix events
4. LMX Bikes Partnership: Partnership with LMX Bikes for engineering and developing next generation high performance electric bikes and motorbikes

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Spark Racing Technology designs, engineers and manufactures complete high-performance electric and hydrogen racing vehicles as the exclusive FIA-appointed supplier for Formula E (Gen1 through Gen4), Extreme E (Odyssey 21), and Extreme H (Pioneer 25) championships. The company sells race cars and spare parts to racing teams worldwide and provides co-development engineering services for premium automotive OEMs and electric mobility partners such as LMX Bikes.

Product overview

Spark Racing Technology is an engineering and manufacturing company specializing in high-performance electric and hydrogen mobility solutions for motorsport. The company operates as an exclusive FIA supplier, offering a portfolio centered on Formula E single-seaters (Gen1 through Gen4), Extreme E Odyssey 21 electric SUVs, and the Extreme H Pioneer 25 hydrogen race car. Additionally, Spark provides engineering services for OEMs and collaborates with LMX Bikes on electric two-wheel mobility solutions. All offerings share Spark's core expertise in mechanics, electronics/software, and aerodynamics integration, delivered through design, engineering, and manufacturing capabilities under one roof in Tigery, France.

Differentiator

Problem solved

Functional benefit

Products and services

• Formula E Race Cars (Gen1–Gen4) Exclusive FIA-appointed single-seater racing cars developed by Spark across four generations for the Formula E championship, sold to all competing teams.
• Extreme E Odyssey 21 Electric off-road racing SUV delivering approximately 400 kW (550 bhp) with 0-62 mph in 4.5 seconds, built for the Extreme E championship.
• Extreme H Pioneer 25 World's first FIA-homologated hydrogen-powered off-road race car, equipped with a Symbio 75 kW hydrogen fuel cell and high-performance battery, producing 400 kW (550 hp), reaching 0-100 km/h in 4.5 seconds, weighing 2,200 kg and only emitting water vapor.
• OEM Engineering Services Engineering and co-development services for premium automotive OEMs, including concept cars and prototypes, leveraging Spark's racing-derived expertise in mechanics, electronics/software and aerodynamics.
• LMX Bikes High-Performance Electric Bikes Program Partnership program with LMX Bikes to engineer and develop next-generation high-performance electric bikes and motorbikes, integrating Spark's in-house solutions into small mobility products.

Quantifiable outcome

• 0-100 km/h in 4.5 seconds with 400 kW power output
• +4 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered minor, core and flagship.

• Alexandre Dallemagne / Sodaphi GroupminorStrategic or Co-development Partner · 1 January 2025Alexandre Dallemagne owns 25% of Spark Racing Technology and contracted Spark to develop Jurassic World-inspired electric safari vehicles for Monde Sauvage d'Aywaille wildlife park
• FortescuecoreTechnology or Integration · 1 January 2024Fortescue is the battery supplier for the Pioneer 25 hydrogen race car, providing high-performance batteries that complement the Symbio fuel cells.
• SymbiocoreTechnology or Integration · 1 January 2022Symbio is the Official Fuel Cell Provider for Extreme H, supplying hydrogen fuel cells for the Pioneer 25 race car. Spark works with Symbio to integrate hydrogen fuel cell technology into the Pioneer 25 vehicle.
• WAE TechnologiescoreTechnology or Integration · 1 January 2021WAE Technologies (formerly Williams Advanced Engineering) is the battery supplier for Extreme E and continues as battery partner for Extreme H, developing bespoke 54 kWh battery systems.
• FIAflagshipStrategic or Co-development Partner · 1 January 2012FIA (Fédération Internationale de l'Automobile) is the governing body for motorsport that has selected Spark as exclusive supplier for Formula E since 2014, with multi-year agreements for Gen2, Gen3, Gen4 and Extreme H championships.
• LMX BikescoreStrategic or Co-development PartnerPartnership with LMX Bikes to develop next generations of high performance electric bikes and motorbikes. Spark integrates its in-house engineering solutions and together they work on insourcing critical components.
• KintesysminorStrategic or Co-development PartnerSpark shareholders acquired Kintesys, an engineering consultancy specializing in internal combustion engine integration, bringing thermal engine competencies to Spark's capabilities
• Formula E HoldingsflagshipStrategic or Co-development PartnerCo-founded with Frédéric Vasseur, Alejandro Agag and Jean Todt to create the Formula E championship. Spark was mandated in 2012 to design and build all 40 Spark-Renault SRT_01E single-seaters for inaugural season.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Dallara: Italian race car manufacturer and exclusive chassis supplier for IndyCar, Formula 2, and Formula 3. Closely comparable to Spark as a bespoke race car manufacturer for FIA-sanctioned spec series with deep motorsport engineering heritage.
• Oreca: French motorsport company designing and building racing cars (Le Mans prototypes, rally cars, single-seaters) and supplying endurance racing series. Directly comparable to Spark given shared French base, complete-vehicle manufacturing model, and series-supply relationships.
• Tatuus: Italian race car chassis manufacturer supplying spec single-seaters and touring cars for series including Formula Regional and TCR. Directly comparable to Spark as a low-volume, FIA/FIA-affiliated spec race car builder.
• Multimatic: Canadian motorsport engineering and manufacturing company producing race car components and complete vehicles (e.g., Ford GT LM GTE). Directly comparable to Spark as a tier-1 motorsport engineering firm with OEM crossover capabilities.
• Riley Technologies: U.S.-based motorsport design and manufacturing firm producing race cars for IMSA, SRO, and other series. Directly comparable to Spark as a complete race car engineering and build shop serving professional championships.
• Xtrac: UK-based transmission and drivetrain specialist supplying motorsport and high-performance automotive markets. Closely comparable to Spark's powertrain integration expertise, particularly for electric and hybrid racing applications.
• Sauber Engineering: Swiss motorsport engineering division providing design, prototyping, and manufacturing services to OEMs and racing series. Directly comparable to Spark as a high-end motorsport engineering services business with OEM crossover.
• Prodrive: UK motorsport and advanced engineering company designing and building race and rally cars (including Aston Martin Valkyrie). Directly comparable to Spark given complete-vehicle design, manufacturing, and series-supply capabilities.
• Hitech Grand Prix: UK-based racing team and engineering consultancy competing in F2, F3, and other junior formulae. Comparable to Spark's motorsport engineering services arm, though Spark's exclusive supplier model is structurally distinct.

Broad incumbents

• Williams Advanced Engineering (WAE Technologies): UK-based engineering services firm spun out of Williams F1, supplying battery systems to Formula E Gen3 and Extreme E/H. Currently a Spark supplier partner and direct competitor in motorsport battery and powertrain engineering services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SparkRacingTechnology
• LinkedInlinkedin.com/company/spark-racing-technology
• Instagraminstagram.com/sparkracingtechnology
• Xx.com/sparkracingtech

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spark Racing Technology