Formula E helps raise over $1m for foundations

Formula E is delighted to announce that it has raised more than $1 million (USD) for its charitable partners ONE DROP and the Prince Albert II of Monaco Foundation from auctions held at its pre-race Gala Dinners.

The entirety of the money raised will be dedicated to a new safe water access project in Guatemala, funded by both organisations. This project is set to help around 37,000 individuals achieve sustainable safe water access for both drinking and production, accelerating the economic development and quality of life of entire communities.

One year ago, Formula E entered into a partnership with ONE DROP and the Prince Albert II of Monaco Foundation whereby the organisations became the official charities of the championship. All three are strongly aligned in their dedication to sustainable solutions to the world’s issues, be it safe water or clean air, and have committed to action to that end.

Alejandro Agag, CEO of Formula E, said: “We are very proud to have One Drop and Prince Albert II of Monaco Foundation as our official foundation partners. There is a real consistency in our common goals to promote sustainability to improve living conditions for people and the planet. Indeed, we share the same concerns regarding air and water quality which are the global most pressing issues. Thanks to the generosity of the bidders at the auction held at our Gala Dinners we are proud to know that we will be helping people in Guatemala.”

Both ONE DROP and the Prince Albert II of Monaco Foundation share the same appreciation adding: “We cannot emphasize enough how important these partnerships are to the work that we do. Formula E’s commitment to sustainability and support for us all throughout the season has been notable. We are absolutely thrilled to have been able to raise such significant funding and to be able to put it immediately to use in a concrete and sustainable way.”

For more information on the foundations contact www.ONEDROP.org or http://www.fpa2.com.