Squad confirms four-year agreement with Middle East’s leading Smart Mobility solutions provider
YOKOHAMA, Japan (October 15, 2024) – Nissan Formula E Team is excited to announce a four-year global partnership with Petromin Corporation, a leading mobility solutions provider in the Middle East. The partnership will be primarily focused on the company’s EV charging subsidiary, Electromin, as the business looks ahead to a wider adoption of electric mobility in the region.
This partnership builds on the strong relationship between Nissan and Petromin, notably through Petromin Nissan, an innovation partner in previous Diriyah races. Together, Nissan, Petromin, Electromin, and Petromin Nissan will focus on driving the adoption of electric mobility across the region.
Tommaso Volpe, managing director and team principal, Nissan Formula E Team: “I’m delighted to announce the partnership between Nissan Formula E Team, Petromin and Electromin. It shows how important it is for Nissan to integrate its Formula E project into the broader strategic plan, not just for promotion of our Ambition 2030 electrification plan, but also to leverage existing relationships within the group. Electromin’s parent company, Petromin Corporation, is one of our authorized Nissan dealers in Saudi Arabia, so it’s vital for us to work closely together, creating synergies which promote the Nissan brand both in the region and worldwide. Having such a partner within our Formula E program is extremely important, and we’re looking forward to working together with Electromin and the whole group for the development of our GEN4 program, considering its ambitious plan and investment into its future product line-up.”
Kalyana Sivagnanam, Group CEO, Petromin Corporation:
“We are immensely proud to enter this strategic partnership with Nissan Formula E Team as its official global sponsor for the next four years, with Electromin leading the charge in the first year. This collaboration is more than just a sponsorship — it reflects Petromin Corporation’s unwavering commitment to sustainability and innovation, aligned with the Kingdom’s Vision 2030. As the pioneers of electric mobility in Saudi Arabia through Electromin, we see this partnership as a key step in accelerating the adoption of EV technology across the region. Additionally, as the official partner of Nissan Motor Corporation in the Kingdom, this partnership reinforces our long-standing relationship with Nissan and strengthens our shared vision for the future of automotive excellence. Together, we are driving a transformative shift towards a cleaner, greener future for the Kingdom and beyond.”
This collaboration highlights Nissan and Petromin’s shared vision of shaping the future of electric mobility with innovation and sustainability at the forefront.
To support this strategic agreement, Electromin’s branding will appear on Nissan’s cutting-edge e-4ORCE 05 race cars, driven by Oliver Rowland and Norman Nato, as well as on the drivers’ suits, team kits, and a variety of marketing assets, further enhancing Electromin’s global brand visibility.
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About Nissan in Formula E
Nissan made its all-electric racing debut in Season 5 (2018/19) of the ABB FIA Formula E Championship, becoming the first and only Japanese manufacturer to enter the series.
In Season 7 (2020/21), Nissan announced its long-term involvement in Formula E and its commitment to the Gen3 era, which will run from Season 9 (2022/23) through to the end of Season 12 (2025/26) of the all-electric racing series.
In April 2022, Nissan acquired the e.dams race team, with the Japanese automaker taking full ownership of its involvement in the ABB FIA Formula E World Championship.
In June 2022, Nissan announced it would supply its Nissan EV powertrain technology to McLaren Racing for the entirety of the Formula E Gen3 era.
For Season 10 of the ABB FIA Formula E World Championship, the Nissan Formula E drivers are Oliver Rowland and Sacha Fenestraz.
On 28th March 2024, ahead of the first ever Tokyo E-Prix, Nissan announced its long term commitment to Formula E, becoming the first manufacturer to sign up for the Gen4 era, which runs until 2030, reinforcing its pledge to its Ambition 2030 electrification targets.
Nissan races in Formula E to bring the excitement and fun of zero-emission electric vehicles to a global audience. As part of its goal to achieve carbon neutrality across its operations and the life cycle of its products by 2050, Nissan intends to electrify every all-new vehicle offering by the early 2030s in key markets. The Japanese automaker aims to bring its expertise in transferring knowledge and technology between the racetrack and road for better electric vehicles for customers.
About Petromin Corporation
Petromin Corporation is the leading mobility solutions provider in Saudi Arabia, renowned for delivering exceptional quality products and services across the automotive industry. Since its inception in 1968, Petromin has evolved into a trusted and innovative brand, offering comprehensive solutions that cater to every stage of the automotive journey. Initially recognized for producing the region’s highest quality lubricants, Petromin has expanded its portfolio to encompass motor oil production, vehicle maintenance, repair services, car dealerships, and electric vehicle (EV) solutions. With a workforce exceeding 8,000 employees, Petromin proudly exports its products to over 40 countries across the GCC, Middle East, Africa, and Asia. Supported by an extensive network of service centers, Petromin provides fast, reliable vehicle maintenance services, ensuring unmatched coverage and customer satisfaction throughout the region. As a key player in the automotive sector, Petromin remains committed to driving innovation and supporting sustainable mobility initiatives.
About Electromin
Electromin, a subsidiary of Petromin Corporation, is a pioneering Saudi provider of smart mobility and new energy solutions, dedicated to helping businesses achieve their sustainability goals. As a leader in electric mobility, Electromin offers end-to-end solutions encompassing EV charging infrastructure, electric passenger and commercial vehicles, and Bus Rapid Transit (BRT) systems. With a strong commitment to education and community engagement, we empower customers and future leaders to embrace electrification. Driven by the core values of accountability, professionalism, and collaboration, Electromin delivers cost-effective, innovative solutions that support a smooth and sustainable transition to electric mobility.
Electromin recently expanded its reach by partnering with Hindustan Petroleum Corporation Limited (HPCL) during the 2023 G20 Summit to advance EV infrastructure in India. This collaboration solidifies Electromin’s role as a global leader in sustainable mobility.
About Formula E
The ABB FIA Formula E World Championship became the first global sport to be certified with a net zero carbon footprint from inception back in 2020, having invested in certified climate-protecting projects in all race markets to offset emissions from every season of electric racing.
All cars in the championship are powered by electricity, with the series acting as a competitive platform to test and develop the latest in electric technology.
The World’s greatest manufacturers race against each other on street circuits and Formula E promotes the adoption of sustainable mobility in city centers in a bid to combat air pollution and lessen the effects of climate change.