Alpine Racing Gets €200 Million Investment From Otro Capital

With this investment, Otro Capital gets 24 per cent stake in Alpine Racing.

By Satvik Khare

Last updated: December 19, 2023 | 1 min read

With this investment, Otro Capital gets a 24 per cent stake in Alpine Racing.

Alpine Racing Ltd, the racing division of the Renault Group, has announced that Otro Capital will get 24 per cent equity. Otro Capital’s €200 million (roughly ₹1,821 crore) in Alpine is meant to support the latter’s growth strategy and sporting ambitions in Formula 1. The investment was first announced in June 2023.

Along with the €200 million investment, Otro Capital’s co-founder and partner, Alec Scheiner, has joined the board of Alpine Racing Ltd. This investment values Alpine Racing Ltd at $900 million (roughly ₹7,486 crore) and will allow the brand to develop its Formula 1 image through media, sponsorships, ticketing, hospitality and more.

Otro Capital has a slew of athletes and sports investors in its group including investment firms like RedBird Capital Partners and Maximum Effort Investment, as well as athletes like Trent Alexander-Arnold, Juan Mata, Rory McIlroy, Anthony Joshua and more. According to Alpine and Otro Capital, these investors will help attract new crowds to Formula 1.

About the author

Satvik Khare

Satvik Khare is a motoring journalist with more than three years of experience, having covered tech and auto. Satvik has been an avid car enthusiast for as long as he can remember, with his first toys being cars. His life mostly revolves around all things automotive and he earned his Masters in Automotive Journalism from Coventry University, UK. His hobbies include motorsports, (either as video games or in reality), reading, singing and digging information on new and old cars.