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Formula 1MotorSports News

Pirelli to continue as Formula 1 Global Tyre Partner until 2027

Abhinav Kumar Singh
Last updated: October 13, 2023 5:51 AM
By Abhinav Kumar Singh
Pirelli to continue as Formula 1 Global Tyre Partner until 2027
Pirelli to continue as Formula 1 Global Tyre Partner until 2027
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Formula 1 has selected Pirelli as the exclusive tyre supplier to the World Championship and Global Tyre Partner until 2027, with an option to extend for an additional year.

The Italian manufacturer took on the role as sole supplier in 2011 and will have been in F1 for 18 seasons at the end of the latest agreement (including a possible extension).

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Throughout that time, they have responded to a series of sporting and technical changes, including the request to deliver 13-inch high degradation tyres for 2011, wider tyres in 2017 and the introduction of the current 18-inch rubber for 2022.

Formula 1 said in a statement, “Throughout this time Pirelli has always engaged positively with drivers, teams, the FIA and Formula 1 to deliver tyres to enable excellent racing, analysing data and gathering feedback to continuously improve the product year-on-year.”

Pirelli have put a sharp focus on research and development of sustainable tyre solutions as part of their support of the sustainability targets set by Formula 1 – with the sport aiming to be Net Zero Carbon by 2030. From 2024, all tyres used in F1 events will be FSC-certified (Forest Stewardship Council).

That means the FSC have confirmed the plantations of the forest-based components of the tyres are managed in a way that preserves biological diversity and brings benefits to the lives of local communities and workers while ensuring economic sustainability.

“Since returning to the sport in 2011 Pirelli has been an invaluable partner, supporting Formula 1 through new generations of technology and technical regulations and delivering tyres to enable fantastic racing for our fans,” said President and CEO of Formula 1 Stefano Domenicali.

“The company’s commitment to quality, innovation and their deep knowledge of our sport will be vital in the coming years as we approach our new regulations in 2026 and the work Pirelli is focused on relating to sustainability, proven by the FSC certification, will ensure we continue to work together towards our shared Net Zero 2030 goal,” he added.

“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,” he said.

Pirelli Executive Vice President and CEO Marco Tronchetti Provera added, “We’re delighted to extend or presence in Formula 1 and its other related championships. Pirelli was there when Formula 1 was born in 1950, and with this latest renewal, the firm will now be a protagonist throughout nearly two decades of the modern Formula 1 era.”

“Thanks to the impetus from Liberty Media and the support of the FIA, the sport is enjoying an extraordinary period of growth both in terms of audience and global expansion, increasing its following among younger generations as well,” he added.

“Innovation and technology are locked into Pirelli’s DNA, and Formula 1 constitutes the ultimate open-air laboratory to not only try out and test new technical solutions, but also to accelerate fresh research, development, and production processes in making tyres,” he said.

“Our commitment to sustainability is equally strong, as proved by the FSC certification that will be introduced to our F1 tyres from next year. Being at the forefront of motorsport’s pinnacle until at least 2027 adds another important value dimension to our company,” he concluded.

FIA President Mohamed Ben Sulayam said, “Pirelli has been operating at the top level of motorsport for many years and I am sure that they will continue to deliver innovation and excellence on the world stage. Formula 1 is a unique challenge for the tyre supplier, and Pirelli has demonstrated great commitment to producing tyres that meet the extreme demands of these incredible cars.”

“I would like to thank Pirelli for its ongoing support of motorsport not only in Formula 1 but in many other championships and categories at every level. Work will continue in the coming years to take further strides both in terms of performance and sustainability, and Pirelli have made strong commitments to both of these targets,” he said.

The new agreement also confirms Pirelli will provide the tyres to Formula 2 and Formula 3.

TAGGED:Formula 1MotorSportsMotorSports NewsNewsPirelli

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