Andretti Global Welcomes Back Key Formula E Partners for Season 10
INDIANAPOLIS (Dec. 12, 2023) – Andretti Global announced today that NAGASE Group, Prysmian Group, the Indiana Economic Development Corporation (IEDC) and Crowe UK will return to the Andretti Formula E partnership lineup for Season 10 of the ABB FIA Formula E World Championship. The portfolio of returning partners will be featured across the No. 1 and No. 17 Porsche 99X Electrics of reigning Formula E World Champion Jake Dennis and series race winner Norman Nato for the full season.
“Season 9 was a monumental season for Andretti Formula E with Jake [Dennis] winning the Drivers World Championship and Formula E’s increased global exposure and popularity. We couldn’t have achieved what we did without our terrific sponsor lineup, and we are proud to be welcoming back a strong portfolio of commercial partners.” said Doug Bresnahan, Chief Commercial Officer of Andretti Global. “NAGASE Group, Prysmian Group, IEDC and Crowe UK have all bolstered our Formula E program in unique ways and each have been such a naturally, positive fit for the team. We have very high hopes for Season 10 and we’re thrilled that our key partners will join Andretti Formula E for another season.”
NAGASE Group looks ahead to second Formula E season with exciting ‘home race’ addition
NAGASE Group, a global leader in innovative products and solutions through their expertise in chemicals, plastics, electronics, mobility and life and healthcare, joined the Andretti Formula E program in Season 9. The partnership with Andretti Formula E has proven to be an opportunity for NAGASE Group to continue their mission of connecting the world with high-end materials and technologies, while creating a platform for sustainable growth. Founded in and still largely based in Japan, NAGASE Group have welcomed the addition of the first-ever Formula E race, and first FIA-sanctioned world championship motorsport event, held in Tokyo on the Season 10 calendar. NAGASE Group will put an emphasis on activating around the Tokyo race weekend in order to showcase the NAGASE Group brand at its ‘home race’.
“We are pleased to continue our sponsorship for Season 10 with Andretti Formula E and reigning Formula E World Champion Jake Dennis, and we are looking forward to the first Formula E race in Japan,” said Kentaro Nagase, Executive Officer of NAGASE Group. “NAGASE, with approximately 100 group companies globally, aims to solve ‘the next global issue of society,’ such as environmental problems, through the use of materials. For a global company like NAGASE, addressing climate change is an important issue, and we have set a goal of achieving Carbon Neutrality, which means achieving zero GHG emissions by 2050 (Scope 1 and 2). We look forward to working with the Andretti Formula E Team, a team committed to sustainability, to deliver an exciting and environmentally friendly motorsport experience from Tokyo to the world.”
Prysmian Group to continue building on partnership in second season with Andretti Formula E
Prysmian Group, world leader in the energy and telecom cable systems industry and a key enabler of the energy transition, digitalization and electrification, will continue to support Andretti Formula E by providing solutions for the transmission of power and information across all of the team’s sustainable electrification efforts. In Season 9 key innovations, such as the in-garage PRY-CAM, provided valuable energy-usage data and insights. The Andretti Formula E and Prysmian Group partnership is based on the shared core values of innovation, sustainability, challenge and performance, and the aim to keep on building these in their second season of partnership. With this initiative, Prysmian Group aims to further strengthen its ‘Sustain to Lead’ strategy and value proposition of innovation and sustainable development also in the strategic sectors of e-mobility, renewable power transmission and distribution and digital solutions.
“Cable and optical fibre technologies are key enablers of energy transition, electrification and digitalization processes. In particular, in the e-mobility industry they are essential for cars, charging infrastructures and related grid integration” stated Prysmian Group CEO-designate Massimo Battaini. “We have been the first cable maker to partner with a Formula E team as a major sponsor, with the goal – as leader in the sector – of promoting innovation. We are excited to continue building on this partnership and join forces to continue to create value”, Battaini added.
IEDC’s Andretti Formula E partnership continues to highlight Indiana on global scale
The Indiana Economic Development Corporation (IEDC) is boldly fueling Indiana’s growth, attracting businesses and enhancing quality of life by spearheading initiatives to further boost its already thriving economy. The IEDC made its Formula E debut with the Indiana-headquartered Andretti outfit in Season 9 aiming to increase global awareness about Indiana’s leadership around clean energy manufacturing and the future of mobility. The strategic alliance between the first global sport to be certified with a net zero carbon footprint and a state with a rapidly expanding EV ecosystem and a long history in motorsports and advanced manufacturing has showcased Indiana’s commitment to the economy of the future. Heading into Season 10, IEDC’s new brand campaign ‘Indiana. For the Bold.” will be visible across the Andretti Formula E program.
“The bold investments and acceleration that Indiana has made in the EV, energy and mobility industries in the last year are on pace with Andretti’s Championship speed in Season 9,” said Salena Scardina, IEDC Executive Vice President, External Engagement. “We are energized to continue our collaboration with Andretti Formula E in Season 10.”
Crowe UK to remain the official accounting services supplier for Andretti Formula E
Crowe UK, member of Crowe Global – one of the top 10 accounting networks in the world – was announced as Andretti Formula E’s official accounting services supplier ahead of Season 8. With global reach and extensive cost-capping and financial fair play experience, the leading audit, tax, advisory and risk firm will continue to provide expertise to the team in compliance with the FIA’s financial regulations that were implemented to ensure a competitive series, encourage a commitment to responsible and efficient spending, and to maintain viable sponsorships. In addition, the team are now providing wider financial accounting and operational support, including VAT and tax returns, as well as considering issues in international driver tax considerations, further extending the partnership.
“We are delighted to further extend and embed our partnership with Andretti Formula E – after the success of season 9 we look forward to season 10 with great expectation,” said Nigel Bostock, Chief Executive of Crowe UK. “Our work with Andretti Formula E also presents us with the opportunity to extend our service provision to demonstrate the value of the wider firm – working across our Business Solutions, Risk & Compliance, VAT, Corporate Finance and our Private Clients teams. It’s an exciting time to be involved as we continue to grow and extend our advisory services and sustainability agenda working with the championship team.”
Andretti Formula E kicks off Season 10 in Mexico City
Andretti Formula E heads into the highly anticipated landmark 10th season having already achieved 10 wins, 12 poles and a World Driver Championship with involvement in the series dating back to Formula E’s inaugural race in 2014. The team will kick off Season 10 of the Formula E competition at the season opener in Mexico City on January 13, 2024.