The Teijin Group and Envision Virgin Racing announced a multi-year sponsorship contract that will support the team's participation in the ABB FIA Formula E Championship.
Envision Virgin Racing has been competing in the all-electric Formula E race series since its inception, becoming one of the sport's most successful teams with 11 wins and 26 podiums, and energizing its "Race Against Climate Change" initiative, while pursuing further sustainable mobility solutions.
Franz Jung, Chairman of the Board of Envision Virgin Racing, added: "Everyone is delighted to be welcoming The Teijin Group to the team, and for them to be joining our ever-growing list of world-class partners, all of whom help us achieve the success we generate both on and off track."
Launching in 2014, Formula E is the world's first fully-electric single-seater racing series, competing on city center circuits throughout the globe. The championship represents a vision for the future of the motor industry, serving as a platform to showcase the latest innovations in electric vehicle technology and alternative energy solutions.
The next Formula E race takes place in Mexico City on February 15, where The Teijin Group will officially commence its full support for the UK-based team.
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