Formula 1 has at this time confirmed Pirelli as its Global Tyre Partner and the unique tyre provider to the FIA Formula 1 World Championship until 2027, with the choice to increase for an extra yr.
The Italian tyre producer, which has been F1’s tyre provider since 2011, has had a contract with Formula One until the tip of the 2024 season. It was believed that two tyre suppliers had been in a run for the brand new contract with Bridgestone having joined Pirelli within the battle for exlusive contract. The sport’s governing physique, the FIA has now confirmed that the Milan-based tyre producer will proceed to provide tyres for F1 until no less than 2027 after signing a brand new contract.
The new settlement additionally contains the supply of tyres to Formula 2 and Formula 3, according to Pirelli’s dedication to assist the subsequent technology of motorsport expertise.
The announcement signifies that by the tip of the brand new settlement (together with doable extension) Pirelli may have been the only real provider of tyres to Formula 1 for 18 seasons, during which time it has delivered efficiently towards diverse technical and sporting challenges, starting from 13-inch excessive degradation tyres after they joined in 2011, the introduction of hybrid energy models in 2014, wider tyres in 2017 and the introduction of the present 18-inch tyres from 2022.
Moreover, Pirelli has additionally taken a management position within the analysis and growth of sustainable tyre options and helps the environmental sustainability targets set by Formula 1, as the game goals to be Net Zero Carbon by 2030. From 2024, all Pirelli’s F1 tyres can be FSC- licensed (Forest Stewardship Council) which confirms that the plantations of the forest-based parts of the tyres are managed in a method that preserves organic range and brings advantages to the lives of native communities and employees, whereas making certain financial sustainability.
We’re persevering with as @F1‘s Global Tyre Partner until no less than the tip of 2027!
We’ll additionally proceed to provide @Formula2, @Formula3, and @F1Academy over the identical interval 🙌 #Fit4F1 #F1 https://t.co/NmhHVZ3zvB pic.twitter.com/G64nGtpImf
— Pirelli Motorsport (@pirellisport) October 10, 2023
Commenting on the announcement, Formula One CEO and Preseident Stefano Domenicali mentioned: “Since returning to the game in 2011 Pirelli has been a useful accomplice, supporting Formula 1 by way of new generations of expertise and technical rules and delivering tyres to allow improbable racing for our followers.
“The firm’s dedication to high quality, innovation and their deep information of our sport can be very important within the coming years as we method our new rules in 2026 and the work Pirelli is concentrated on regarding sustainability, confirmed by the FSC certification, will guarantee we proceed to work collectively in the direction of our shared Net Zero 2030 aim.”
“I would also like to commend Bridgestone for their impressive proposal and engagement throughout the process. They have a proud legacy in our sport and I would like to thank them for their highly professional and passionate engagement with us.”
FIA Preseident Mohamed Ben Sulayam commented: “Pirelli has been working on the high degree of motor sport for a few years and I’m certain that they may proceed to ship innovation and excellence on the world stage. Formula 1 is a singular problem for the tyre provider, and Pirelli has demonstrated nice dedication to producing tyres that meet the intense calls for of those unbelievable vehicles.
“I wish to thank Pirelli for its ongoing assist of motor sport not solely in Formula 1, however in lots of different championships and classes at each degree. Work will proceed within the coming years to take additional strides each by way of efficiency and sustainability, and Pirelli have made sturdy commitments to each of those targets.”
Marco Tronchetti Provera, Pirelli Executive Vice President and CEO commented : “We’re delighted to increase or presence in Formula 1 and its different associated championships. Pirelli was there when Formula 1 was born in 1950, and with this newest renewal, the agency will now be a protagonist all through practically twenty years of the trendy Formula 1 period.
“Thanks to the impetus from Liberty Media and the assist of the FIA, the game is having fun with a rare interval of development each by way of viewers and international enlargement, rising its following amongst youthful generations as effectively. Innovation and expertise are locked into Pirelli’s DNA, and Formula 1 constitutes the final word open air laboratory to not solely check out and check new technical options, but additionally to speed up recent analysis, growth, and manufacturing processes in making tyres.
“I’d additionally prefer to thank everybody at Pirelli for his or her passionate dedication and the standard of their work through the years, which can proceed as we lengthen this partnership collectively. Our dedication to sustainability is equally sturdy, as proved by the FSC certification that can be launched to our F1 tyres from subsequent yr. Being on the forefront of motorsport’s pinnacle until no less than 2027 provides one other essential worth dimension to our firm.”
