Formula E series signs $100 million-plus title sponsorship deal

Resham Gupta
Last Updated: Jan 10 2018 19:19

FORMULA E- FIA Formula E series has signed a seven year deal worth more than $100 million with Swiss technology company ABB.

The ABB sponsorship “is a strong sign and proof of the attractiveness of this championship, which is still in its infancy,” Jean Todt, president of motorsport governing body FIA, said.

Formula E is known for its environment friendly qualities and is easily accessible to fans.