Formula E partners with voestalpine for European races

Formula E on Tuesday announced a new partnership with voestalpine - global leading technology and capital goods group - for select events next season in the ABB FIA Formula E Championship, titled the voestalpine European races.

Starting from season five, voestalpine will put its name to the European leg of the ABB FIA Formula E Championship - where the fully-electric next generation of Formula E cars make their way across the continent competing in iconic city-centre locations.

As a platform to test and develop road-relevant technologies and speed-up the mass adoption of electric vehicles on a global scale, Formula E will work closely with voestalpine to make further advancements in the field of e-mobility and assist with technology transfer.

Alejandro Agag, Founder & CEO of Formula E, said: “Formula E is the most relevant platform to trial and test the latest technological innovations in the automotive sector and partnering with leading companies such as voestalpine allows the series to further develop in the field of e-mobility. Both brands have a shared strategic focus tailored towards dynamism, speed and creativity. I look forward to working closely with voestalpine for the European races in the ABB FIA Formula E Championship from next season and continuing to set future mobility trends.”

Wolfgang Eder, CEO of voestalpine AG, said: “Accounting for around a third of our Group revenue, for years the automotive industry has been a key driver of innovation and growth at voestalpine. With our comprehensive automotive expertise, we see huge potential to grow faster than in the traditional segments, especially in the electromobility sector. Both Formula E and voestalpine are international pioneers when it comes to literally putting tomorrow’s technologies on today’s roads, and making them ready for series production. The aim of our partnership with Formula E is to jointly develop electromobility further, as well as to encourage technology transfer between automotive suppliers, manufacturers, and customers.”