- 2025 season
- 75th anniversary year
- Formula 1 sport
- progress
- sustainability
- social commitments
- 2024 Impact Report
- Net Zero
- goal for 2030
- Formula 1 sport
- environmental front
- significant investments
- Sustainable Aviation Fuel (SAF)
- ultra-efficient logistics strategy
Formula 1 Reports On Sustainability And Social Progress Across 2024 Season
- By MT Bureau
- March 13, 2025
Returning for the 2025 season and 75th anniversary year this weekend, the Formula 1 sport has released a round-up on the progress made towards its sustainability and social commitments last year. In the form of 2024 Impact Report, which will be released later this year, the progress made towards its sustainability and social commitments with Net Zero as the goal for 2030, the Formula 1 sport has – on the environmental front – made significant investments in Sustainable Aviation Fuel (SAF) as part of its ultra-efficient logistics strategy.
It has invested significantly in SAF as it delivers an estimated 80 percent reduction in associated carbon emissions per flight compared to the use of conventional aviation fuel. The combined investment in SAF with Global Partners DHL and Qatar Airways reduced total related emissions by more than 8,000 tCO2e (tonnes of carbon dioxide equivalent), an approximate 19 percent reduction in related emissions– compared to traditional aviation fuel – for the air freight charter programme operated by Formula 1 across the flyaway events of the 2024 season.
The delivery of innovative low-carbon energy generation systems using renewable sources such as hydrotreated vegetable oil (HVO), biofuel, solar panels, and battery began testing in 2023. Last year, they were used at the Red Bull Ring, the Hungarian Grand Prix and the Italian Grand Prix in Monza. For the 2025 season, a programme will be rolled out to reduce more than 90 percent of carbon emissions at all European Grands Prix in key areas such as the Paddock, Pit Lane, and Event Technical Centre.
As part of the sport’s ongoing efforts to reduce carbon emissions associated with travel and logistics, improvements were made to the geographical flow of races around the world in 2024. This included agreement from the Promoter in Japan to move the Suzuka race back from September to April to fit with the Asia Pacific segment of the schedule, while Azerbaijan took its slot to align with Singapore. The organisers of the Qatar Grand Prix also approved a move to the penultimate spot in the schedule, back-to-back with Abu Dhabi. From 2026 the Canadian Grand Prix will be hosted earlier in the year and the Monaco Grand Prix will take place on the first full weekend in June, consolidating the European leg of the F1 season into one period, removing an additional transatlantic crossing and delivering significant associated carbon reductions.
Last year, F2 and F3 cars ran on 55 percent Aramco advanced sustainable fuel and the FIA medical and safety cars operated on 40 percent of it. In 2025, the F2 and F3 cars will move to 100 percent use of it, ahead of the Formula 1 cars adopting the fuels in 2026 in the new hybrid engines that will take to the circuit next year.
The technology has implications for the automotive industry and existing petrol cars, as the fuel developed by Formula 1 will be a ‘drop-in’ that can be used in road cars without modification and will serve as a sustainable alternative of global benefit.
Throughout the 2024 season, the cars all operated with FSC approved Pirelli tyres, which means the natural rubber in the type complies with the FSC’s strict standards for sustainable forestry. Some 80 percent of promoters powered aspects of their events using alternative energy sources such as solar panels, green tariffs, and biofuels. Over 90 precent of promoters began offering greener ways to travel to the race.
On the social commitments front, the Formula 1 sport – in 2024 season – marked the fourth year of its F1 Engineering Scholarships programme, which would support 50 underrepresented students by the end of 2025. The Scholarship covers the entire cost of the student’s tuition, together with living expenses for the full duration of their degree, enabling them to focus on their studies. It also offers them support to set them up for their careers, including work experience with one of the ten Formula 1 teams, as well as career workshops and mentoring.
Formula 1 also launched the global education programme ‘Learning Sectors’ in collaboration with the British Council to inspire young learners in Brazil, India, South Africa, and the UK to pursue STEM subjects. The year long programme kicks off this year with 130,000 students in 700 schools.
F1 Academy, the sport’s female-only series, competed alongside Formula 1 at seven events last year, completing 21 races. Through F1 Academy’s partnership with the international karting series, Champions of the Future, female participation in racing increased from five percent in 2023 to 25 percent in 2024.
The sport also continued with hosting apprenticeships and workshops, such as The Next Grand Prix challenge in association with the Social Mobility Business Partnership (SMBP) charity, which challenges students aged between 16 and 18 from a breadth of backgrounds to assume a business leadership role and deliver a fictional bid for a new Formula One World Championship location.
Ellen Jones, Head of ESG at Formula 1, said, “Innovation and community drove Formula 1's work in 2024. We are thrilled to outline our progress and continued work in this space. Formula 1 as a sport is uniquely positioned to take action through our global reach and technological leadership.”
- The ePlane Company
- IIT Madras Discovery Campus
- IIT Madras
- V Kamakoti
- eVTOL
- DGCA
- NVIDIA
- AWS
- Dassault
- CADFEM-Ansys
- Satya Chakravarthy
The ePlane Company Opens eVTOL Testing Facility At IIT Madras
- By MT Bureau
- February 27, 2026
The ePlane Company has inaugurated a 60,000 sqft integrated prototyping and testing facility at the IIT Madras Discovery Campus. The site is the first dedicated plant in India for the serial production of electric vertical take-off and landing (eVTOL) aircraft, marking a transition from laboratory research to industrial manufacturing.
The facility was opened by Professor V. Kamakoti, Director of IIT Madras. It will serve as the engineering centre for the e200X, a compact electric air taxi designed for urban environments.
The site includes units for composite fabrication, electric powertrain assembly, and avionics testing. It also features a Ground Test Vehicle (GTV) facility to support subsystem validation. The ePlane Company is currently working with the Directorate General of Civil Aviation (DGCA) to establish the certification and flight-testing framework for the e200X.
Key technical specifications of the e200X include:
- Footprint: A 8m x 10m design, intended for rooftop-to-rooftop operations.
- Efficiency: Synergistic Lift technology providing 35 percent higher energy efficiency.
- Deployment: Initial commercial application as an air ambulance to reduce medical transport times.
Incubated at IIT Madras, the company utilises the institute’s infrastructure and engineering talent. The ePlane Company has also established partnerships with technology firms including NVIDIA, AWS, Dassault and CADFEM-Ansys for simulation, cloud infrastructure and avionics.
Prof. Satya Chakravarthy, Founder and Technical Lead of The ePlane Company, said, "This facility is the engine of our commercial future. With the support of IIT Madras, we have built a space where we can fulfill our vision of making flying as common and affordable as taking a taxi. This isn't just about moving people; it’s about adding another layer of transport to the future of human mobility.”
- Wavye
- Uber
- SoftBank Vision Fund 2
- Eclipse
- Balderton
- Ontario Teachers' Pension Plan
- Baillie Gifford
- British Business Bank
- NVIDIA
- Microsoft
- Mercedes-Benz
- Nissan
- Stellantis
- Alex Kendall
- Dara Khosrowshahi
- Satya Nadella
Wayve Raises $1.2 Billion To Scale Autonomous Driving Platform
- By MT Bureau
- February 26, 2026
UK-headquartered Wayve, a developer of embodied AI for autonomous driving, has raised USD 1.2 billion in a Series D investment round. The funding brings the company’s valuation to USD 8.6 billion and marks a transition from research to the commercial deployment of its AI platform.
The round was led by SoftBank Vision Fund 2, Eclipse and Balderton. New participants include the Ontario Teachers’ Pension Plan, Baillie Gifford and the British Business Bank. Strategic investors Microsoft, NVIDIA and Uber also participated alongside automotive manufacturers Mercedes-Benz, Nissan and Stellantis.
Wayve’s platform uses end-to-end AI, which runs on onboard vehicle compute and embedded sensors. Unlike traditional autonomous systems, it does not require high-definition maps or location-specific engineering. This architecture allowed the company to test its technology in more than 500 cities across Europe, North America and Japan without city-specific fine-tuning.
Key milestones include:
- 2026: Launch of robotaxi trials on the Uber network, starting in London.
- 2027: Availability of passenger vehicles equipped with Wayve’s ‘AI Driver,’ featuring L2+ capability for steering and navigation under supervision.
- Licensing: Wayve will license its software to automakers, allowing for brand-specific customisation of driving models.
Uber has committed capital to support the deployment of Wayve-powered robotaxis in more than 10 markets globally. Under this agreement, Wayve provides the AI Driver for L4-capable vehicles, while Uber manages the fleet operations.
Alex Kendall, Co-Founder and CEO, Wayve, said: “With USD 1.5 billion secured, we are building for a total addressable market that spans every vehicle that moves. Autonomy will not scale through city-by-city robotaxi deployments alone. It will scale through a trusted platform that automakers and fleets can deploy globally and improve continuously. This investment accelerates our path to widespread commercial deployment and positions us to build the autonomy layer that will power any vehicle, anywhere.”
Dara Khosrowshahi, CEO, Uber, said, “We are very proud to continue to deepen our partnership with Wayve, with plans to deploy together in more than 10 markets around the world. Wayve’s powerful end-to-end approach is purpose-built for scale, safety, and effectiveness, and we’re excited to work with them across multiple OEMs and geographies, which we’ll share more about soon.”
Satya Nadella, Chairman and CEO, Microsoft, added, “Wayve is pushing the frontier of embodied AI for autonomous driving, and Azure supports the scale, reliability, and safety needed to bring that innovation into the real world. Through our partnership and investment, we’re helping accelerate the path from breakthrough research to scaled commercial deployment with automakers worldwide.”
Elektrobit And Mobileye Integrate Linux OS Into Level 4 Autonomous System
- By MT Bureau
- February 25, 2026
Elektrobit and Mobileye have announced the integration of EB corbos Linux for Safety Applications into Mobileye Drive, a system designed for Level 4 autonomous driving. The platform will serve as the technical foundation for vehicle manufacturers and robotaxi vendors.
The collaboration utilises Elektrobit’s safety-compliant operating system (OS) to provide features and field updates for Mobileye’s self-driving architecture.
EB corbos Linux for Safety Applications is an open-source OS solution assessed for compliance with automotive functional safety standards. It has received a technical assessment for ASIL B and SIL2 by TUV Nord, based on ISO 26262 and IEC 61508 standards.
The solution allows manufacturers to use Linux in high-performance computing (HPC) domains, specifically for advanced driver-assistance systems (ADAS) and autonomous vehicles (AV). By utilising open-source software, the companies aim to leverage transparency and innovation speed compared to proprietary systems.
Mobileye Drive is designed to automate vehicle types for applications including ride-pooling, public transport, and goods delivery. The system is powered by the EyeQ System-on-Chip (SoC) and utilises AI-driven computation.
The technology is intended for operation without human intervention within defined areas. Mobileye Drive is currently undergoing testing in locations across Europe and North America, drawing on the company's deployment history in approximately 230 million vehicles globally.
Maria Anhalt, CEO, Elektrobit, said, “Our industry is at a pivotal moment, with carmakers, Tier1 suppliers, and technology companies increasingly joining forces to advance autonomous driving. Working with Mobileye and opening up our cooperation on EB corbos Linux for Safety Applications reflects our commitment to practical, safe, and scalable innovation. Together, we are helping pave the way for the next generation of reliable autonomous driving systems”
Johann ‘JJ’ Jungwirth, Executive Vice-President Autonomous Vehicles, Mobileye, added, “Working together with software innovators in the automotive field like Elektrobit is a key factor in expediting the mass-production of vehicles equipped with the self-driving system Mobileye Drive. Our customers expect to deploy AVs in large numbers in the upcoming years, increasing the importance of system stability and reliability.”
- Cadence Design Systems
- Inc.
- Hexagon AB
- Design and Engineering
- Acquisition
- MSC Nastran
- Adams
- Cadence System Design and Analysis
- Anirudh Devgan
Cadence Completes Acquisition Of Hexagon’s Design And Engineering Business
- By MT Bureau
- February 24, 2026
Cadence Design Systems, Inc. has finalised its acquisition of Hexagon AB’s Design and Engineering (D&E) business. The EUR 2.7 billion transaction was funded through 70 percent cash and 30 percent Cadence common stock.
The acquisition incorporates Hexagon D&E’s MSC Software solutions, including MSC Nastran and Adams, into the Cadence System Design and Analysis (SDA) portfolio. The integration combines structural analysis, acoustics and multibody dynamics with Cadence’s existing technologies in electronics, computational fluid dynamics (CFD) and BETA CAE structural processing.
Cadence aims to utilise the combined portfolio to address the Physical AI market. By coupling physics-based simulation with AI design tools, the company intends to provide platforms for creating virtual representations of systems. These tools are designed to predict system behaviour in conditions involving motion, vibration, and fluid-structure interactions.
Key components of the integrated platform include:
- Structural Analysis: MSC Nastran for finite element analysis.
- Multibody Dynamics: Adams for mechanical system simulation.
- Electronics and CFD: Existing Cadence portfolios for electromagnetic and fluid flow analysis.
- Pre/Post Processing: BETA CAE technologies for data preparation and validation.
The combined data generated from these simulations will be used to train and validate AI models for applications in robotics, autonomous systems and transportation.
Cadence expects the acquired business to contribute an incremental USD 160 million to its 2026 revenue. On a non-GAAP basis, the transaction is anticipated to be approximately 28 cents dilutive to 2026 earnings per share, with the company projecting the acquisition to become accretive in 2027.
Anirudh Devgan, President and CEO, Cadence, said, “This acquisition marks a major milestone in advancing our vision for intelligent system design. By combining our industry-leading computational software and AI-driven design expertise with MSC Software’s world-class structural and physics-based analysis technologies, we’re empowering customers to push the boundaries of what’s possible – from autonomous systems and advanced robotics to the future of transportation.”

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