Leonardo DiCaprio Has Created An Electric Car Racing Team

He and Venturi Automobiles have co-founded a team that will compete in all-electric Formula E Championship, Venturi announced today.

As its name suggests, Formula E is an electricity-powered spinoff of Formula One racing. Both are run by the Fédération International de l'Automobile (FIA).

Venturi is a French-founded automaker, based in Monaco, that has focused on building electric vehicles since it was purchased by millionaire Gildo Pastor in 2001.

The first Formula E season is scheduled for 2014-15, with races scheduled in Beijing, Los Angeles, and London.

There will be ten teams with two drivers each. Venturi Grand Prix, based in Monaco, should be the tenth.

This isn't the first time DiCaprio has dipped his toe into the auto industry. He was an equity investor in Fisker Automotive and the first customer to receive the plug-in hybrid electric Karma.

Fisker never took off, and finally filed for bankruptcy in November.