The ABB FIA Formula E championship announced on Tuesday that global leading technology and capital goods group Voestalpine has joined the series for the European rounds of season five.

Founder and CEO of ABB Formula E, Alejandro Agag commented on the new deal saying:

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.

CEO of Voestalpine AG, Wolfgang Eder commented on the news saying:

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.


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