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Allianz commits to long-term deal with Formula E

German financial services company Allianz has renewed its partnership with the Formula E electric car-racing series.

Allianz will continue to serve as an official partner of the series until the end of the 2021-22 season after signing a new five-year deal.

Allianz first partnered with Formula E ahead of the Mexico City ePrix in February and currently sponsors the series’ eVillage fan zone, which gives spectators the chance to sample the latest in cutting-edge technology and innovations at every event.

Jean-Marc Pailhol, head of group market management and distribution at Allianz SE, said: “We look forward to exploring new territories and to driving the future of mobility together. The support of clean technologies also reflects the long-term sustainability agenda of Allianz. With the Allianz Explorer Zone, we are showcasing our pursuit of innovation and cutting-edge technologies which we plan to expand for the next season.”