Aramco enters Formula One™ team sponsorship and licensing agreement partnership
The Aston Martin Cognizant Formula One™ Team and Aramco announced a long-term strategic partnership, which will drive the development of highly efficient internal combustion engines, high-performance sustainable fuels, advanced lubricants and the deployment of non-metallic materials in vehicles. In addition to joint research and development, the collaboration includes team sponsorship rights, a licensing agreement, as well as exclusive branding and endorsement rights for Aramco fuels and lubricants.
As a result, the team will be known as Aston Martin Aramco Cognizant Formula One™ Team. The alliance complements Aramco’s status as a global strategic sponsor of Formula One – the world’s premier motor racing event with over 1.9 billion fans worldwide. The joint R&D efforts will underpin efforts made by the team to meet Formula One’s target to be powered entirely by sustainable fuels by 2025. Additionally, the partnership will focus on development and commercialization of fuel-efficient engine technologies for road vehicles, and the development of more efficient hybrid engines in motorsport.
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