Formula E have announced their first title partner – the ABB Group.

 

The partnership will see the series labelled as the ABB FIA Formula E Championship, was revealed at a special event at the Saatchi Gallery in London.

 

The ABB Group integrates electric vehicles into the transportation system and is among the very few who have expertise in large-scale power transmission and know how to tie the charging systems into the Industrial Internet of Things. We have created nationwide fast-charging networks in several countries, including Estonia, Denmark and the Netherlands.

 

Whilst Formula E and ABB will benefit from shared ideas and technology, the association hopes to make electric cars more cost-effective than internal combustion engine and therefore more attractive to buyers.

 

“Global warming is threatening to transform the planet. Many leaders are doing a fantastic job in raising the alarm, but we need more. We need environmental action to transform to make a solid business case” said Formula E CEO Alejandro Agag.

 

“Today, two pioneers are uniting. ABB and Formula E are a natural fit at the forefront of the latest electrification and digital technologies” said ABB CEO .

 

“Together, we will write the next phase of this exciting sports activity and foster high-performance teams. Digital software allows us to use our grid in a reliable way. Like in Formula One, we’ll have innovation to use in the commercial world.”

 

“Together, we will write the next phase of this exciting sports activity and foster high-performance teams.”