Formula E partners with Voestalpine

The deal will focus on the European leg of the championship during season five.

Formula E has announced that Voestalpine, a steel company from Austria, will sponsor the European portion of the championship in season five.

“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.” — Alejandro Agag

The Austrian steel maker hopes to improve the e-mobility sector by offering impactful insights to the championship. This partnership has perfect timing after Alejandro Agag announced his €600 million share buy back bid.

Having such a large European manufacturer on board will give current Formula E investors confidence that Agag can carry forward his vision for the sport.