So how many people here I'm going to ask you to raise your hands again actually know what formula is have heard of it before? Raise your hand .>> Right one way via .>> How many have heard of Formula One before? Okay, so this vaguely cars car friendly here Sylvain, could you please explain to everyone what Formula E is and perhaps what's different about it than Formula One? Sure, first, good afternoon, everyone. Thank you for having me here. I just came back from Brooklyn, where we had the race there, end of the season, which was really exciting. So Formula E basically is the leading Racing championship we raced around the globe and we only race electric cars so they look like traditional motor sport cars but they're all electric. The idea behind it and the main reason why we do this and why I was involved in creating your team was that we have a very strong purpose and the mission behind formula is to do two things. First to really accelerate the development and the R & D behind electric cars to really make the range better, the power better the efficiency better, so that as soon as possible. You guys all wants to drive an electric car, you're not forced to buy incentives or whatever you really aspire to drive these cars. So it's very much a technology championship and a second Peter It's about marketing and communication. There is no point developing all these amazing tech if no one knows about it. And actually motorsports in the 50 years of history has been incredibly powerful at being a platform to showcase technology. So we are basically using this new platform to reach as many people as possible and more than 400 million people watch this championship every year. And the idea is to make them think that electric cars are really cool. They are very cool. If you've ever caught a Formula One race, part of the attraction is that kind of guttural roar of an engine. But at Formula E, the only thing I can think of the wind of the electric motors is that they sound like rumbas on steroids. [ LAUGH ] They're absolutely crazy, but it's what's interesting about it is, is that you can race in Brooklyn because you couldn't put a Formula One Race in Brooklyn right that everybody would complain. Yeah. What's really interesting is that we do two things. We do a lot of things that make my life very difficult but it's for the benefit of the cause. First, it's a one day event. So we do offer you practice qualifying and racing in one day, which means you can bring your family you can bring guests you can do and see all of which really in one day Well so very accessible. You can literally walk down the pit lane, you can see the cars the drivers. So we tried to make it very close. But the other aspect of course is that because the cars I think shriek we can raise in incredible places where we could never raise otherwise. So not so much because of the noise but because of the lack of pollution. So we only race in city centers around the city of Paris, Hong Kong, New York. Rome, you name it next year we go to Seoul, we come back to London. So that's incredible because it allows us to really showcase the sport in the best possible way. And instead of asking people to come to where we are, we go where people live. Yeah, very cool. And so you've won the race, you won on Sunday. Congratulations. Yes thank you, we have a picture somewhere. Yes, do we have a picture of my team and leave a selfie? And who are those three? So Robin finds in the middle is one of my drivers. He won the race. It was pretty spectacular 10s of thousands of people there, which explains my broken voice a little bit. And but yeah, it was fantastic. And you know another very successful year for family So Formula E hasn't been around that long, right? It was founded in 2011 officially and your first race was in 2014. And that's why there's only been so many seasons. When I remember when it when it was started, the critics said it wouldn't last a year. Well, who would want to do this and here you are. So You tell me, what has made it last ?, because it was doom to death from the start >> Yeah, still picking up on what the other people are saying on the pennarial, you know it's about some people said that, some other people like me were absolutely 100 % convinced. This would be a runaway success because it's all about surfing the perfect wave, right? And then we can have different views on where mobility is heading and so on. But for sure, it's going to be electric and for sure it's going to become a tournament and all these things are going to happen because they make sense. So motorsport as a as an entertainment platform, but also as an r & d testbed for these technologies. Has to go that way. It makes sense. So based on these fundamentals, it was very obvious to me to [ UNKNOWN ], when and how and how big it would grow and we already knew right and then we are pretty happy with where we are now. But yeah, I think it's all about being based on really strong fundamentals. And again, back to the sense of purpose. You know, I'm leading a team that is not backed by your car manufacture We use that platform to talk about the much better planet we can do by simply linking electric mobility to renewable energy. And now we can shift transportation, the whole of transportation to electric, which would save about 30 % of all carbon emissions in the world. That's something that's worth waking up in the morning to do, right .? Yeah. So let's talk about some of that technology, right. There are actually quite Rigid restrictions on what you're allowed to change and not change on a vehicle. So tell us what those are and kind of how you're pushing forward in the areas where you're allowed to make changes. Sure. So, like in any sport or any motor sport in particular, you have to make it fair. You have to have regulations. And otherwise, it will the Wild West. And we've been, I think, very clever especially with the [ UNKNOWN ], running body to decide that, okay, instead of, we're gonna do things a bit differently than other motor sports series. And we're going to focus all our attention, our resources and money, into developing what really matters. So when you look at all the cars in the paddock They all look the same. So you'd be you could think, well, they're all the same. It's not so interesting, but actually under the birds, three of the guy, this is where it all differs. So basically look at Luke the same the she's the same, the video is the same, because there's no point spending money on areas and that makes these days, if you want to make a racecar go faster, you create more downforce. But it's the exact opposite. There are trying to do on the broadcast it to be pointless. So we spend all our focus on developing the power train which is what makes the car move so taking the energy from the battery through an inverter a motor a gearbox differential and they are used to create lightweight technologies and super high efficiency technologies. Family is all about developing a really efficient power train. And the reason why it's so interesting for everyone including all the car manufacturers in the series, is that you can take these exact technologies and and literally trickle down to road cars in a matter of six months or a year because unlike petrol road cars, if we can five to a few percent more efficiency in our powertrain You translate that into a road car and that means 3 % more range for the same price. So this is why it's so exciting and growing so fast and yeah, every year the progress what's what's interesting is that even though electric cars have been around for more than 120 years, and you guys found the oil in Texas and that kind of killed the electric cars for about 18 years and now we are developing the technology again. And it's accelerating really fast. It's quite cool to be part of something where every year we make big jumps and big steps in development. Yeah. accelerating very fast. Nice pun. Tell me a little bit about the data collection because that's so fascinating to me. I once heard a. A presentation by McClarin years ago about all the data that they were getting from racing their conventional cars. And I was blown away. The real time data collection, and this was a long time ago before we had a lot of the technologies that we do have today. Tell me what your collecting. How often your collecting it. Are you collecting it during the race? How do you make a adjustments over the course of this season weekend to weekend. How does that all work? Sure. So to go back in history a little bit you know for sure motorsport means data right? Without something that's obvious to you. If we don't get the data off within 80 issue the car cannot even leave to go. It's not a nice to have for us. It's like it's too busy to everything but informally because these cars are electric and all the efficiency gains I talked about earlier. Not just the hardware, they're also based on software. You can we can use the exact same hardware for the whole year. And we will find the significant improvements throughout the system software just based on the way that we use the current from the battery all the way to the wheel, depending on the track conditions on many aspects. And so based on that fact, it's interesting because this is gonna be 12 teams in Formula E, all from different backgrounds, but pretty much all of them have been traditional motor sport teams coming from other champions. When [ UNKNOWN ] founded a team that was brand new and built for scratch from Formula E. And believe it or not, my thinking was, okay, let's start from the end. I want to win races and championships, so what is it gonna be the main performance differentiator? And actually, that was software, software and data. You think you need fast drivers and a fast car and that's enough, which really isn't. Because you need to first optimize all the electricity flow in the car. But also you have to make the right decisions during the race and form allies extremely strategic. So you need to be rational. Actually I built a software company. And its really, so you look at the engineers and my team. More than half of my engineers in the race team of software engineers. Yeah, that's good. Which doesn't exist any other racers and. And it's paying off because, we are being very successful. So, basically data is everything. We get to mix of data live from the, from the guys. When they're on track and another big bunch of data, when the gas come back in the garbage. And I think what's exciting in the motor sport and how that can be used as a case study. For some of you guys, it's super important to analyze all the data and get all the insights but also do it really fast. And for us, it's not just the car speed that matters is the fact that because we are running an event of a one day. My engineers only have a few minutes between sessions to analyze the data, make decisions, make tweaks on the car, to go faster So first we are developing software, an algorithm in the AI and I'm here today with a Genpact for helping us do that, to develop this algorithm. That basically means as soon as the data comes in, we get all these insights and then make the right decision. So it's not just about the volume of data to analyze it really really fast. And I think in the future it's going to become more and more relevant right because everyone's gonna be using their data. So it's the Americans with the faster. Yeah yeah. Let's go to the audience for questions see if we got any any fans out there. Could you raise your hand please. If you've got a question for silver. [ BLANK_AUDIO ] Well, I've got one [ UNKNOWN ] You mentioned it earlier about how the effect of motor sports on the consumer side of things it's kind of a trickle down effect, I suppose you could say. Yeah. So how is Formula E doing that? I noticed there's a big omission in Formula E, Tesla. So how is this working its way into the mainstream all the innovations that you're going through every minute of every race at So many examples, but I think this is an interesting example right because they are compared to the manufacturers they have such a huge task at hand and if they've done the incredible thing of creating the momentum They forced all the other car manufacturers to say look, there is a market and we can make amazing electric cars. So the main trickle down is that they declined. Elon says he himself he cannot do it all alone. He needs all the other manufacturers to also develop amazing electric cars. So the way we do it is that we develop as I said, better technologies better Morris inverters, hardware and software. And trickle down to work cars. I'll give you a concrete example. All the A2 cars on the road at the moment are running at 300 to 400 volts, which is good. Our race cars now run at 900 volts, which sounds very dangerous. And it is if you don't do it properly. Extremely. [ LAUGH ] But we have proven now by two years of racing at that level And you've seen the fair amounts of accidents in our races that we can make this technology very safe at the end of the results. And now the next generation of electric cars coming now from Porsche, Audi, and many guys coming will be running at 800, 900 volts as well. And he main benefits are huge because first you can charge twice as fast And also you create far less heat, which also means better efficiency. So these are the kind of no brainer technology that creates huge steps and implement and will result in much better cars for you guys to drive. Correct me if I'm wrong, but this all sounds extraordinarily dangerous anyway because you've got these enormous batteries just whizzing around the track. There's an inherent danger in this beyond that just auto accident when you agree. Well, that's what somebody was there to test and prove, right? And in fact, years of racing, I can't even tell you but we are now to hundreds of very significant accidents on track, right? And not a single time, we've had any electrical fault in any of our archives. So You think it's dangerous, especially compared to petrol engines? We actually much safer. But we know it now. We didn't know it five years ago. So that was one of the reasons, we've done it that way, and also a lot of motorsport technologies. And you don't need to know you can apply to work. As, it was the same it's been the case for the last 50 years and Prenatal care. All right, we've got one question way in the back here. Yes, very quickly, please. I'm Tony Chen, the president of cows in Saudi Arabia. Formula is run in Saudi Arabia if I understand. So our university is a technology partner with McLaren. The F1 so we do in fact aerodynamics and fuel you know research so I'm surprised that aerodynamic does not matter. Anyway my point is this how does the Formula 1 compare with Formula E which when runs failed. Have you thought about in the future as a mixed race. Media combining the two, are they running the same speed selling? Yeah, close. I hope we can get there soon. So the main difference is clear, right and back to your point around our dynamics. Of course our dynamics can make the [ UNKNOWN ] go much faster. But if it's the same for everyone, then it's a level playing field. So instead of spending millions on making crazy, more downfalls we can spend the same money improving the powertrain which is more relevant to both sides. In terms of Formula One performance, their cars are still a little bit faster but I was glad now do you know to 16 2. 6, 2. 8 seconds. Which is very close and then it's all about the energy density the battery. So it's been 4 years in the same volume and weight of the battery we've doubled the amount of energy in that battery. So that shows you the trend. Right. Another few years and energy will become a no brainer to drive an electric car. So it will see. And then we get a lot of [ INAUDIBLE ] technology from Formula One. So Mclaren as a company, they are involved, they are helping develop the battery that we are running in our car. So all these technology companies are kind of jumping on the bandwagon and they are realising that, the biggest impact they can make on innovation, is they run electric cars, so everyone is coming into it. The future of auto racing is running all electric races in Saudi Arabia. Apparently. End of the play. [ UNKNOWN ] Thank you so much, please round of applause. Thank you. [ APPLAUSE ].

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