Its first season will take place in five remote locations already affected or affected by climate issues, including the Arctic and the Amazon, raising awareness of climate change.
Hamilton, 35, called the opportunity to have his own team “an exciting new project” and said he liked the series because of its “environmental focus”.
“Each of us has the ability to make a difference and it means so much to me that I can use my love for racing, along with my love for our planet, to make a positive impact,” he said in a statement. .
“I’m looking forward to the team taking on this new series and I think it’s incredible that we can do this while raising awareness of the climate crisis.”
The six-time world champion team, X44, is named after his F1 race number and will compete in the first season of the Extreme E Championship. The first X Prix race is scheduled to take place in early 2021.
Extreme E will work with scientific experts from the Universities of Oxford and Cambridge to raise awareness of specific issues such as increasing carbon emissions, melting ice caps, deforestation, desertification, droughts, plastic pollution and sea level rise.
Each race will include two laps of approximately 16 kilometers (10 miles), with two riders, a man and a woman, completing one lap.
The races will not be open to spectators to minimize the environmental impact, fans will instead watch the action on TV.
The championship command center will be on board the RMS St. Helena, a ship undergoing a multi-million dollar transformation to minimize emissions and turn it into the championship’s center of operations.
X44 is the seventh team to register after Chip Ganassi Racing, Andretti Autosport, Abt, HWA, Techeetah, QEV Technologies and another British company, Veloce Racing.