Alfa Romeo F1 Team ORLEN will continue its expansion in the world of decentralised finance as it teams up with cryptocurrency lending platform — Vauld.
As part of the partnership brokered by Project 11, Vauld branding will be displayed in a prominent position on the front wing of the team’s C42 cars, driven by Valtteri Bottas and Zhou Guanyu, as well as on other team assets.
Commenting on the association, Frédéric Vasseur, Team Principal Alfa Romeo F1 Team ORLEN said: “The world of cryptocurrencies and the blockchain technologies are huge markets with a technical complexity that makes them particularly interesting.”
“By partnering with Vauld, we team up with one of the most accessible, secure and advanced trading platforms out there, enhancing our presence in this new and growing sector,” he added.
On the other hand, Darshan Bathija, CEO and Co-founder, Vauld said: “Partnering with Alfa Romeo F1 Team ORLEN is very exciting for us because they’re an incredible team in one of the most competitive sports in the world. Our mission is to accelerate the transition to decentralised money and we’re glad to join forces because it’s a massive step in that direction.”
Notably, Vauld was founded in 2019 and is a full-stack crypto trading and lending platform that offers high yields, easy diversification, and automatic wealth creation. With users in over 50 countries, Vauld makes it easier than ever to bank on the blockchain through a diverse spectrum of financial products and advanced trading features in addition to offering among the highest yields in the industry.
On the other side, the Sauber Group of Companies is composed of two operational entities: Sauber Motorsport AG, which operates and manages the Alfa Romeo F1 Team ORLEN; and Sauber Technologies AG, which focuses on third-party business in the areas of advanced engineering, prototype development and additive manufacturing, in addition to full and model-scale testing in the factory’s state-of-the-art wind tunnel and ground-breaking innovation in the field of aerodynamics.
The companies collaborate closely and share know-how to apply the expertise of more than 500 dedicated individuals at the headquarter in Hinwil, Switzerland, to all internal and external projects. Since its founding in 1970, the passion for racing has been at the heart of Sauber.
For more than 50 years, the innovative Swiss company has been setting standards in the design, development and construction of race cars for various championship series, such as Formula One, DTM, and WEC. Following its own Formula One debut in 1993, Sauber Motorsport AG has established one of the few traditional and privately held teams in the sport.
The company launched a long-term partnership with Alfa Romeo in 2018 and, as it celebrates 30 years of competition in Formula One, it enters the 2022 championship under the team name Alfa Romeo F1 Team ORLEN.