Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
  • Subscribe
Submit An Article

Latest Articles

  • Aptar Pharma pulls the $7m trigger, recognising potential of Pharmaxis inhaler
    Aptar Pharma pulls the $7m trigger, recognising potential of Pharmaxis inhaler
    • News

  • Crude falls below $90 US a barrel for the first time since Feb
    Crude falls below $90 US a barrel for the first time since Feb
    • Market Update

  • Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt
    Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt
    • News

  • Allegra’s 3D printed bone replacement proves safe for animals
    Allegra’s 3D printed bone replacement proves safe for animals
    • News

  • Getting things from A to B isn’t as simple as it seems, until Yojee gets involved
    Getting things from A to B isn’t as simple as it seems, until Yojee gets involved
    • News

  • Revasum makes leadership change amid cash flow struggles and semiconductor shipping delays
    Revasum makes leadership change amid cash flow struggles and semiconductor shipping delays
    • News

  • Markets remain bullish on earnings, but can the upward momentum last?
    Markets remain bullish on earnings, but can the upward momentum last?
    • Market Update

  • July 2022 Economic Wrap and the ASX Stocks that Moved
    July 2022 Economic Wrap and the ASX Stocks that Moved
    • Opinion

  • NASDAQ biotech stocks have taken a hit, but this little Aussie biotech is quietly confident
    NASDAQ biotech stocks have taken a hit, but this little Aussie biotech is quietly confident
    • News

  • Propel taps into booming pet funerals demand with crematorium acquisitions
    Propel taps into booming pet funerals demand with crematorium acquisitions
    • News

Vulcan signs Nico Rosberg’s Extreme-E racing team as ambassadors for Zero Carbon Lithium

  • In News
  • August 19, 2021
  • Alfred Chan
Vulcan signs Nico Rosberg’s Extreme-E racing team as ambassadors for Zero Carbon Lithium

Owners of the largest lithium resource in Europe, Vulcan Energy (ASX: VUL) is set for a big increase in marketing exposure with the signing of Nico Rosberg, the 2016 Formula One World Champion, as their brand ambassador along with his Rosberg X Racing (RXR) team in the Extreme-E racing league.

Extreme-E, a racing league, is specifically focused on the environmental sustainability of motor sport with vehicles being electric SUVs that compete in extremely remote locations to draw attention to the increasing effects of climate change.

Rosberg himself, has become a prominent sustainability entrepreneur since retiring from F1 and has since taken over the RXR team which was first established by his father Keke, the 1982 F1 World Champion.

Under the partnership, RXR cars will commence carrying the Vulcan Energy branding, and be an advocate for the Company’s Zero Carbon Lithium Project. The project intends to be the world’s first lithium producer with net zero greenhouse gas emissions, producing battery-grade lithium hydroxide.

“The Extreme E championship has already achieved worldwide recognition as the future of motorsport – exciting, environmentally-focused and equitable – and the RXR team are leading the way, powered by lithium-ion batteries,” said Vulcan Managing Director, Dr Francis Wedin.

“As the leader in sustainable battery metals, this is an excellent fit to raise global awareness for Vulcan’s Zero Carbon Lithium™ business. Environmentalism is in the DNA of both teams, and we also share German-Australian origins. We welcome leading sustainability entrepreneur Nico Rosberg, and the RXR team as partners and shareholders of Vulcan, and we look forward to a productive relationship together.”

Unlike other F1 drivers, Rosberg retired from the sport at the height of his career after winning the 2016 World Championship to concentrate on his eco-entrepreneur ambitions, capitalising on his expert engineering knowledge. In doing so, he walked away from a $136m contract that was on the table for him to continue driving.

Although Extreme-E may not hold the same public recognition in Australia as F1, other top drivers agree that sustainability will have a major role in the future of motor sports with 7-time World Champion Lewis Hamilton also investing, owning the X44 team. Other team owners include 2009 F1 World Champion Jenson Button who is the owner-driver of his JBXE team while US motorsport giants Andretti Racing and Chip Ganassi Racing also own teams.

While Daniel Riccardo and Mark Webber will long be the most likely Australians to be tied to international motor sports, Aussies Molly Taylor and Emma Gilmour drive for RXR and Veloce Racing respectively where one requirement of the league is that teams must have one male and one female driver. Each share a car and have equal driving duties.

“We are thrilled to announce Vulcan as our new official partner. It’s exhilarating to be partnering with such an innovative and sustainability focused company like Vulcan and we look forward to collaborating for years to come with their team,” said Nico Rosberg.

The 2-year partnership agreement will see Vulcan issue Rosberg with 89,165 VUL shares which based on the last close price, values the deal at $1.13 million with shares issued in three Tranche payments and escrowed for 9 months from the issue of each.

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is an Analyst at Emerald Financial, specialising in ASX-listed small cap companies.
Latest posts by Alfred Chan (see all)
  • Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt - August 5, 2022
  • Lumos to stem the haemorrhaging by shutting down Florida manufacturing facility - August 2, 2022
  • McDonald’s commit to Plexure’s customer engagement and loyalty tech with 5-year extension - August 1, 2022
  •  
  •  
  •  
  •  
  • News

Leave a Comment

You must be logged in to post a comment.

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is an Analyst at Emerald Financial, specialising in ASX-listed small cap companies.
Latest posts by Alfred Chan (see all)
  • Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt - August 5, 2022
  • Lumos to stem the haemorrhaging by shutting down Florida manufacturing facility - August 2, 2022
  • McDonald’s commit to Plexure’s customer engagement and loyalty tech with 5-year extension - August 1, 2022

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Alfred Chan
Alfred Chan is an Analyst at Emerald Financial, specialising in ASX-listed small cap companies.
Latest posts by Alfred Chan (see all)
  • Buddy Technologies deemed worthless as receivers gut the company, acknowledge shortfall on secured debt - August 5, 2022
  • Lumos to stem the haemorrhaging by shutting down Florida manufacturing facility - August 2, 2022
  • McDonald’s commit to Plexure’s customer engagement and loyalty tech with 5-year extension - August 1, 2022
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

Copyright © 2020 The Sentiment. All rights reserved.