- Team on course to earn €47.5m in sponsorship revenue between 2020 and 2023
- Title sponsor being sought after Virgin departure leaves opening
- Series of NFTs launched under lucrative Algorand deal
The last two years have been productive for Formula E team Envision Racing, despite the challenging commercial climate and the departure of former co-owner Virgin as title sponsor at the end of the 2020-21 season.The team claims to be on course to earn €47.5m ($49.7m) in sponsorship revenue in the three-year period running from 2020 to 2023.
James Mercer, Envision Racing commercial director tells SportBusiness this represents the most successful period in the team’s history in terms of sponsorship income, in spite of the challenges of the Covid pandemic.