And the Stakes Get Higher...Race to Own Electric Racing

Electric motorcycle racing is a new sport, and since it is a new sport, the rules, the regulations, and the technology are not set in stone. So who’s going to govern this new form of motorsport? Well, the people that race that’s who.

The TTXGP is setting up a cooperative that will be run by the racers and teams that participate. This has a lot of benefits, especially to a blossoming sport. The technology is still evolving, and therefore, so are the rules.

The Trust.Egrandprix.org (TEO) will allow for teams to own up to 70% of the eGrandprix. Teams gain shares based on the number of races that they complete, and the number of points that they earn throughout the season. The better a team does, the bigger slice of the profits they will receive when the season is over.

“This is a big Control-Alt-Delete for motorsports. It’s a reboot. We’re giving teams control. This binds everyone together on a common trajectory and it gives everyone a piece of the action they’re generating,” said Azhar Hussain, the mastermind behind the TTXGP. http://www.allaboutbikes.com/sport-mainmenu-34/general-sport/1646-fim-offers-incentive-to-join-e-power-racing

After being ousted by the FIM from the Isle of Man TT, the TTXGP has struggled to find its financial backing. With this cooperative set up, the TTXGP is given new life and room to grow.

“This year we will beat the FIM,” Hussain says. “But the FIM is an incredibly powerful empire.”