Tokyo - Nissan is set to become the first Japanese carmaker to enter Formula E, organisers announced on Wednesday.

Formula E said in a statement that Nissan would replace one of the existing manufacturers in the 2018/19 season.

In a separate statement, alliance partner Renault said it would exit the series at the end of the fourth season, allowing the French manufacturer to focus on its works Formula One team.

"To have a name like Nissan coming on board is a momentous day for the series," Formula E chief executive Alejandro Agag said.

"It’s great to see our first Japanese manufacturer entering the frame, showing truly how global the electric revolution is. Japan is a country at the forefront of new technologies with one of the biggest followings of Formula E."

Manufacturers already involved in the electric series include BMW, Audi, Renault, Jaguar, Citroen and India's Mahindra.

Mercedes and Porsche are due to arrive for season six, which is scheduled to start in 2019 and end in 2020.