The new division, titled Andretti Technologies, will form a partnership with TE Connectivity to develop a testing and trackside support programme.
As part of their development of new powertrain technology for the 2015/2016 season and beyond, Andretti Technologies will also be in charge of producing engineering technology solutions for the whole Andretti stable.
"I am happy to announce the creation of Andretti Technologies. As a racer, the automotive and motorsport industries as a whole have always been of great interest and a passion of mine," Andretti Autosport team principal, Michael Andretti.
"Having the opportunity to build on my racing background and provide an outlet for developing dynamic and sustainable clean-energy solutions not only exciting, but something I'm very proud of."
Rob Shaddock, executive vice president and Chief Technology Officer, TE Connectivity, said: "TE's connectivity and sensor products are critical to unleash advancements in technology that improve electric vehicle distance and performance. We are proud to work in close collaboration with Andretti Technologies to develop the next generation of electric vehicle technology."
Seven other companies have also been granted manufacturing status by the FIA, however, as the regulations allowing the development of the transmission, inverter and e-motor have been opened up.