Voestalpine puts name to Formula E’s European races

All-electric racing series partners with technology and capital goods group.

Voestalpine puts name to Formula E’s European races

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All-electric racing series Formula E has announced a partnership with Voestalpine, starting from the 2018/19 season.

Under the terms of the deal, the technology and capital goods group will put its name to Formula E’s European events, which will be known as the Voestalpine European races.

Formula E will also work with Voestalpine to test and develop road-relevant technologies, ‘make advancements’ in the field of emobility, and assist with technology transfer.

Alejandro Agag, founder and chief executive 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 emobility.”

Wolfgang Eder, chief executive of Voestalpine AG, added: “Accounting for around a third of our 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.”

The ninth round of the 2017/18 Formula E Championship sees the series travel to Germany for the Berlin ePrix on 19th May.