Otro Capital Welcomes New Strategic Investors Into Its €200 Million Investment in Formula 1 Team, Alpine Racing Ltd
On June 26, 2023, Otro Capital announced a €200 million strategic investment in Alpine Racing Ltd (“Alpine F1”), the Formula 1 team backed by the Renault Group.
- On June 26, 2023, Otro Capital announced a €200 million strategic investment in Alpine Racing Ltd (“Alpine F1”), the Formula 1 team backed by the Renault Group.
- Alec Scheiner, Otro Capital: “We are honored at Otro Capital to be joined by this particular group of investors into our Alpine F1 investment in partnership with RedBird Capital Partners and Maximum Effort Investments.
- The opportunity to lead an investor group with Travis in Alpine F1 alongside Otro Capital was one I couldn’t pass up.
- Eberg sees this partnership as the vehicle for best leveraging its strengths for the benefit of Alpine Racing and the broader F1 ecosystem.”