News Sponsorship

Teijin powers Envision Virgin Racing on new multi-year deal

The Teijin Group and Envision Virgin Racing jointly announced a multi-year sponsorship contract which will support the team’s participation in the ABB FIA Formula E Championship.

Teijin is a Japanese technology company with presence in over 170 countries around the globe, operating in the fields of high-performance materials including advanced fibers, plastics and composites, healthcare and IT businesses.

The partnership will see the Teijin Group develop high-performance materials and products for Envision Virgin Racing’s cars, as well as a technology expertise exchange. Teijin branding will be featured on the team’s front wing and driver overalls.

“Through ceaseless evolution and ambition, we are aiming to be a company that supports the society of the future by creating new value. By supporting Envision Virgin Racing, which competes in races with electric vehicles (EVs) as a means of raising awareness of global warming, we will develop technologies and accumulate the know–how and solution capabilities required for future EVs that satisfy ever-stricter environmental regulations.”

Jun Suzuki, president and CEO of Teijin Limited

“Formula E is one of the most competitive motorsport series there is meaning any advantage that can be gained is crucial. To ensure we have this, Envision Virgin Racing aligns with like-minded, innovative, climate-focused brands and hence why we’re very excited to have The Teijin Group join our family. Being able to tap into their wealth of expertise and composite technologies will help us on track, whilst away from the track we’re looking forward to working together on our Race Against Climate Change programme.”

Sylvain Filippi, Managing Director of Envision Virgin Racing

“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.”

Franz Jung, Chairman of the Board of Envision Virgin Racing

Source: Teijin Group

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