Electric vehicle racing series Formula E has agreed a five-year extension of its partnership with Allianz.
The German financial services company initially teamed up with the world’s first electric motorsport championship in February, and has now signed a long-term contract to remain an official partner until 2022.
The global insurance group will continue to sponsor the series’ Allianz eVillage interactive fan zone, which gives spectators at every Formula E event the opportunity to discover the latest technology and innovations in motorsport.
“It’s fantastic news to confirm that Allianz has extended their partnership with Formula E,” said Alejandro Agag, founder and chief executive of Formula E. “Just as road car manufacturers and statutory bodies are shifting focus to clean mobility and electrification - so are world-leading companies like Allianz, which they’ve shown with their long-term commitment to Formula E.
“I look forward to seeing the partnership expand and bringing exciting and innovative new opportunities to fans of Formula E all over the world.”
Jean-Marc Pailhol, head of group market management and distribution at Allianz SE, added: “We are proud to partner with Formula E, the pioneering electric racing series. We look forward to exploring new territories and to driving the future of mobility together.
“The support of clean technologies also reflects the long-term sustainability agenda of Allianz. With the Allianz Explorer Zone, we are showcasing our pursuit of innovation and cutting-edge technologies which we plan to expand for the next season.”
The announcement comes ahead of the 2016/17 FIA Formula E Championship finale, which is scheduled to take place in Montreal, Canada on 29th July.