By Alan Baldwin LONDON (Reuters) -McLaren will exit the all-electric Formula E championship at the end of the 2024-25 season to focus on Formula One, IndyCar and a new hypercar project from 2027 in the World Endurance Championship.

McLaren’s Formula E exit leaves the series looking for a new name to enter the fold. But, while waving goodbye to the papaya squad is a blow, it won’t be as big a headache as when Mercedes departed –

McLaren will cease its participation in Formula E at the end of the 2024/25 season in July. The British manufacturer said it is withdrawing from Formula E after “a strategic review of its racing portfolio” and the decision will “allow us to maximise future opportunities for growth”.