Leonardo DiCaprio forms e-racing team

London: Hollywood star Leonardo DiCaprio is to enter a team in the new electric motor racing championship.

He has co-founded a Monaco-based team with Gildo Pallanca Pastor, owner of electric carmaker Venturi Automobiles.

Formula E racing starts next year, with the aim of giving a boost to the electric vehicle market, reported BBC online.

"The future of our planet depends on our ability to embrace fuel-efficient, clean-energy vehicles," DiCaprio said.

The 39-year-old actor`s Venturi outfit is the 10th team to announce it is entering the series.

The racing series will compete in 10 of the world`s leading cities including Beijing, Los Angeles, Miami, Buenos Aires, Berlin and London.

The championship is intending to showcase electric car technology and speed up development and innovation amongst manufacturers.