Saudi-backed Neom has become McLaren's title sponsor in both Formula E and Extreme E FE ExtremeE
McLaren will make its debut in Formula E later this year after announcing in May that it had purchased Mercedes’ entry, having previously announced plans to race in Extreme E from 2022.
“The partnership represents the union of two organisations with similar goals in technology and innovation,” a statement from McLaren reads. McLaren Racing CEO Zak Brown said: “We are delighted to welcome NEOM to the McLaren Racing family. This is an incredible way to kick off our entry into Formula E and to unify our electric racing series.
“The partnership will allow us to share our collective resources and experience to yield exciting results, not only for our own organisations, but also for the broader automotive and sports industries.