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A guide to McLaren Group: will McLaren IPO in 2021?
Rebecca Cattlin April 29, 2021 2:45 PM
As the buzz around a potential McLaren IPO increases, take a look through our guide to the motor company and what you should know about its balance sheet. Share:
McLaren Group: an overview
McLaren is a British car manufacturer that was founded in 1981 after Ron Dennis acquired the McLaren Formula 1 team. The company is considered an innovator in the world of Formula 1 racing, having won 20 World Championships and over 180 races.
While racing is very much still the businesses focus, it has built a methodology based on developing the fields of science and technology.
Today, McLaren Racing signed an agreement granting them the option to enter the ABB FIA Formula E World Championship when Formula E’s Gen3 begins in Season 9. As part of McLaren’s experimentation with more sustainability, the agreement would give McLaren the option to enter the Championship as 1 of a maximum 12 teams for the 2022-2023 season.
Gen3 of the single-seater motorsport championship that uses only electric cars will begin for the 2022-2023 season, bringing with it advances in both performance and efficiency, including lighter and more powerful vehicles, faster charging, and more technical and financial controls for teams and manufacturers.