ZeroNox signs multi-year deal with NIO 333 Formula E Team

Electrification company ZeroNox has announced a multi-year partnership agreement with the NIO 333 Racing Formula E Team.

The agreement marks the Company’s entry into the ABB FIA Formula E World Championship (“Formula E”).

ZeroNox will join Formula E for seasons 10, 11, and 12, and benefit from mutual partnership opportunities including brand awareness, technical synergies and potential collaborations across the Formula E Ecosystem.

As part of the branding agreement between ZeroNox and NIO 333 Racing for these three seasons, NIO 333 Racing cars, race overalls, team apparel, and other team environment items will display the ZeroNox logo. ZeroNox recently kicked off branding opportunities by displaying the ZeroNox logo on NIO 333 Racing cars during the 2023 London E-Prix this past weekend from July 29-30, 2023.

The partnership opens up the exploration of potential mutual future developments aiming to deliver added benefit and value to both parties.

“We are thrilled to partner with a Formula E team that has championed electrification and net zero carbon emissions since its inception,” said Robert Cruess, Co-Founder and President of ZeroNox. “ZeroNox, NIO 333 Racing, and Formula E have a passionate, joint vision for driving a greater shift toward electrification and achieve ambitious sustainability goals. We are looking forward to joining forces with the NIO 333 Racing team and bringing off-highway electrification across new areas of mobility in the future.”

“We are excited to collaborate with and support ZeroNox as they enter this dynamic partnership with the NIO 333 Racing team,” said Alex Hui, Team Principal of NIO 333 Racing Formula E team. “As a leader in the off-highway electrification space with a commitment to bringing clean technology around the world, ZeroNox brings invaluable industry leadership, electrification product expertise, and a unique vision for sustainability to the Formula E ecosystem. With ZeroNox’s partnership and support, we are confident about being able to move forward and accelerate adoption of electric mobility globally.”

As previously announced, ZeroNox signed a definitive business combination agreement with The Growth for Good Acquisition Corporation (Nasdaq: GFGD) (“Growth for Good”), a publicly traded special purpose acquisition company, that is expected to result in ZeroNox becoming publicly listed. Completion of the transaction is subject to approval by Growth for Good’s shareholders and other customary closing conditions.