The open cockpit electric race car designed and built by Vega Racing Electric, the electric formula student team of PES University, RR Campus, secured overall runner-up position in Formula Green Concept 2021 competition. The team finished third in the cost event and second in the design event. Raj Purohit won the Best Team Captain Award. The participants competed in cost, business plan and design presentation rounds. They were assessed for understanding of the costs related to manufacturing, viability of business strategy using the current car as a prototype and grasp of technical nuances and creativity in creating a race car while conforming to the technical criteria set forth in the rule book. A total of 9 teams from all over India participated in the Formula Green Concept 2021, which was held online from October 23 to 31, 2021. Award ceremony video link.