Dodds-Verstappen Bromance Donates $250 for Charity

Formula E’s $250k Bet Pays Off for Gender Equity and Spinal Cord Research

What began as a cheeky wager has turned into a big win for two impactful causes, proving once again that motorsport isn’t all just horsepower and champagne. Formula E CEO Jeff Dodds has honoured his playful $250,000 “bet” on the 2024 Formula 1 World Championship, splitting the funds between advancing opportunities for women in motorsport and supporting spinal cord research through the Wings For Life foundation.

The backstory? Dodds boldly pledged $250k to charity if anyone dethroned Max Verstappen as F1 World Champion this year. Spoiler alert: Max didn’t flinch, cruising to his fourth consecutive title. In a pre-Season 11 chat, Dodds and Verstappen decided to split the funds, with Max allocating $125,000 to Wings For Life and Jeff dedicating the other half to initiatives aimed at bringing more women into motorsport’s top echelons.

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ABOVE: Dodds-Verstappen Bromance Donates $250 for Charity

Formula E’s $250k Bet Pays Off for Gender Equity and Spinal Cord Research

The timing couldn’t be better. Formula E recently hosted its first-ever all-women test in Madrid, a groundbreaking event featuring 18 of the world’s best female drivers. Building on that momentum, Dodds announced a new research partnership with More Than Equal to uncover and dismantle the barriers holding women back from competing at the highest levels.

“This bet started as a bit of fun, but it’s become something much bigger,” Dodds said. “We’re not just talking about parity in the sport—we’re actively working towards it.”

Meanwhile, Max Verstappen’s chosen cause, Wings For Life, will use its share to fund cutting-edge research aimed at finding a cure for spinal cord injuries. The Red Bull Racing star expressed his gratitude, calling it a win-win for motorsport and science.

With Formula E already underway, fans can cheer not just for electrifying overtakes but also for the sport’s growing role as a force for positive change. After all, racing is more fun when everyone’s invited to the party—and when bets like these pay off, everyone wins.

Full details on the initiatives and the Dodds-Verstappen bromance can be found on Formula E’s YouTube channel HERE.