LEONARDO DiCaprio has co-founded an eco-friendly motor racing team with Gildo Pallanca Pastor, the owner of electric carmaker Venturi Automobiles.

The Monaco-based team will compete in the new Formula E championship next year (14).

DiCaprio and Pastor's team will be up against cars backed by Renault, MCLaren, technology group Qualcomm, Michelin and Virgin.

The racing series will compete in 10 of the world's leading cities including Los Angeles, Berlin and London.