Adidas Announces Multi-Year Partnership With Mercedes-AMG PETRONAS F1 Team

Adidas Announces Multi-Year Partnership With Mercedes-AMG PETRONAS F1 Team

Sports goods giant adidas has signed a multi-year partnership with the Mercedes-AMG PETRONAS F1 Team, one of the most successful teams ever in Formula 1.

The Mercedes-AMG PETRONAS F1 Team and adidas will collaborate to develop a whole line of clothing, accessories and footwear for the team and its supporters for the 2025 season and beyond. The custom team uniform will be constructed to fit the unique requirements of each player's position and made accessible to supporters as well. As part of the collaboration, clothing, accessories and footwear will be made especially for team and driver supporters. There will also be a number of limited-edition drops throughout the year. The adidas x Mercedes-AMG PETRONAS F1 Team apparel range will be unveiled next month.

Bjørn Gulden, CEO, adidas, said, “We are very happy to be back in the world of motorsport. Interest in motorsport in general and Formula 1 in particular has been growing a lot. It is reaching new consumers and has a big influence on sport and street culture. We are extremely proud to introduce the Three Stripes into F1 as Official Team Partner of the Mercedes-AMG PETRONAS F1 Team – one of the most successful teams ever. Together, we share the passion for speed, innovation and performance. We will support the drivers and the team to push the limits on the track. Off the track we will bring a fresh perspective to the sport by introducing exciting lifestyle product and extending the reach to a new generation of fans. We look forward to supporting Mercedes-AMG PETRONAS F1 and win together.”

Toto Wolff, Co-owner, CEO and Team Principal, Mercedes-AMG PETRONAS F1 Team, said, "Our partnership with adidas is a clear statement of intent as we begin to write our next chapter as a team. adidas is an iconic brand, one that shares our dedication not only to peak performance but to style and sophistication too. This announcement therefore represents a groundbreaking collaboration that will redefine what team and fanwear means in our sport. We are excited to break this new ground and work with adidas as we collectively strive to fight for world championships."

Richard Sanders, Chief Commercial Officer, Mercedes-AMG PETRONAS F1 Team, said, "Performance is at the heart of everything we do. The core of our relationship with adidas is rooted in that belief. They are an iconic brand that has achieved record-breaking success in so many other sports. To bring them into F1 as part of our team is therefore not only a great honour, but also incredibly exciting. We look forward to working with them on reinventing what teamwear means to chase every millisecond of performance on and off the track. Our shared value of innovation will also be focused on bringing a refreshed energy to our wider fanwear ranges. F1 is riding a cultural wave at present, and we will build on this to provide apparel, footwear and accessories that engage our loyal fanbase whilst engaging new audiences that continue to discover our sport and our team."

Olinia - Claudia Sheinbaum

The Mexican federal government has officially unveiled the prototype for Olinia, the country's first domestic electric vehicle (EV) brand. Coordinated by the Ministry of Science, Humanities, Technology, and Innovation (SECIHTI) and manufactured in Puebla, the project represents Mexico’s strategic shift from a pure export-oriented assembly hub to a developer of national intellectual property says a report by Mexico Business News.

Commercial production for Olinia is slated to begin in 2027, with the brand looking to challenge the historical dominance of foreign manufacturing frameworks.

Claudia Sheinbaum, President, Mexico, said, “Olinia represents the seed of a new innovation ecosystem built from Mexico."

The initiative directly addresses Mexico's long-standing reliance on final-assembly manufacturing under trade agreements like the USMCA. While countries like China capitalised on state coordination and strict supply chain control to build massive domestic EV ecosystems, Mexico historically lagged in capturing high-value-add automotive IP.

To bridge this gap, SECIHTI orchestrated an intensive 18-month engineering phase, uniting academic and public research powerhouses – including the Instituto Politécnico Nacional (IPN), Tecnológico Nacional de México (TecNM), UNAM and UPAEP.

The brand's debut model, the Olinia Uno, targets urban utility and aggressive affordability, aiming for a market segment largely overlooked by global legacy automakers.

The Olinia Uno is expected to cost approximately MXN 150,000 or USD 8,600 (INR 716,466), comes with a 14.7 kWh battery, with a claimed range of approximately 125 km per charge and a top speed of 50 kmph. The EV is expected to offer a low running cost of around MXN 0.5 or INR 2.74 per km.

In terms of features, the EV comes with a 7-inch centre display, Bluetooth 5.0, USB/USB-C ports, 6-passenger capacity and wheelchair accessibility.

Operating under a mixed-ownership corporate structure, the Olinia project is currently seeking MXN 200 million (USD 11.4 million) in private capital to transition from prototype to commercial manufacturing. Facility construction in Puebla is scheduled to begin between August and September 2026.

The plant is expected to debut with an initial capacity of 20,000 units per year, aiming to scale to 50,000 units within four years and eventually peak at 100,000 units annually. Olinia will launch with 50 percent localisation, with a mandate to hit 75 percent localisation by 2030.

The project is led by Director Roberto Capuano Tripp, with the initial phase involves deploying 2,000 charging points across Mexico City, the State of Mexico and Puebla to support the mass transition of public transport and taxi fleets.

To accommodate the rollout, federal authorities are collaborating with the Ministry of Economy to draft a new regulatory framework specifically governing low- and medium-speed urban vehicles. Furthermore, the vehicle's battery design incorporates a circular-economy strategy: power cells will be repurposed for residential energy storage before undergoing final chemical recycling at processing facilities in Sonora.

Ultraviolette Becomes First Indian Bike Brand To Complete Isle Of Man TT Mountain Circuit

Ultraviolette Becomes First Indian Bike Brand To Complete Isle Of Man TT Mountain Circuit

Ultraviolette has entered the record books as the first Indian production motorcycle to tackle and finish the gruelling Isle of Man TT Mountain Circuit. This world-famous course, stretching 37.72 miles (60.72 kilometres), is widely considered one of the most punishing tracks in global motorsports.

The feat occurred on 6 June 2026, when several F77 MACH 2 machines from Ultraviolette successfully navigated the full 60.72 kilometres of demanding tarmac. A trio of skilled riders – former TT winner James Hillier, actor and biking enthusiast Ranvijay Singha and national champion Abhishek Vasudev – piloted the electric motorcycles. Official recognition for the accomplishment has come from both the Asia Books of Records and India Books of Records.


This success represents a turning point for the nation’s expanding electric vehicle sector. The F77’s ability to master one of motorcycling’s most revered circuits highlights the advanced performance potential of Indian-designed electric motorcycles on an international stage. Ultraviolette views the achievement as a major step in its ongoing effort to redefine electric mobility and position India as a frontrunner in future transportation solutions.


Narayan Subramaniam, CEO and Co-Founder, Ultraviolette, said, "Completing a lap of the Isle of Man TT Mountain Course with the F77s is a significant milestone for Ultraviolette and a proud moment for Indian design and engineering. It demonstrates how far electric motorcycle technology has evolved and reinforces our belief that high-performance electric mobility can compete on the world's most demanding stages.

“For decades, the Isle of Man TT has been where motorcycle technology is tested, proven and celebrated. The TT Zero class was ahead of its time and showed the world that electric motorcycles could be more than an alternative; that they could be genuinely exciting, competitive and capable. Today, electric motorcycles have reached an entirely new level of capability and we would love to see electric racing return to the Isle of Man TT and continue driving the next chapter of motorcycle innovation."

Spiro Onboards Former IndoFast Energy Head Anant Badjatya As Group CEO

Anant Badjatya

Spiro, an electric mobility company operating in Africa, has announced the appointment of Anant Badjatya as its new Group Chief Executive Officer.

The appointment follows a USD 215 million financing round for the company. Badjatya joins the business from Indofast Energy, a joint venture between IndianOil and SUN Mobility, where he oversaw the development of a network comprising more than 1,800 battery-swapping stations serving nearly 90,000 vehicles daily.

In his new role, Badjatya will manage the group's initiatives across battery swapping, leasing, logistics, energy, and vehicle manufacturing. Concurrently, Kaushik Burman will remain with the company as CEO of Mobility to manage the fleet across Spiro's seven existing markets.

Under Badjatya's management, Spiro plans to expand its technology hubs in India. The tech centre in Pune, which focuses on electric vehicle powertrain design and battery management systems, currently employs more than 100 people and is scheduled for expansion. The Bengaluru hub, which has a staff of over 50 people, will focus on the development of Internet of Things (IoT) cloud platforms and support research and development localisation initiatives in Kenya and Nigeria.

Gagan Gupta, Founder and Chairman, Spiro, said, "As Spiro is accelerating on its mission to transform mobility across Africa through clean, affordable and accessible electric transportation solutions, Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth and execution in mobility, energy and tech.”

Anant Badjatya added, "Africa represents the most exciting frontier for electric mobility. Spiro has built a unique platform and is exceptionally well positioned to accelerate the transition to cleaner and more accessible mobility across the continent. I look forward to working with our teams, partners and stakeholders to drive the next phase of growth and impact."

TVS Motor Company Hosts Nature-Positive Workshop, Releases White Paper On World Environment Day

TVS Motor Company Hosts Nature-Positive Workshop, Releases White Paper On World Environment Day

TVS Motor Company (TVSM), part of TVS VENU, partnered with the UN Global Compact Network India to host a World Environment Day 2026 workshop at the TVS Institute for Quality and Leadership in Anekal, Bengaluru. The event – held under the theme ‘Inspired by Nature. For Climate. For Our Future’ – also saw the release of a white paper titled ‘Nature Capital as a Strategic Business Imperative in India’, jointly developed with PwC and TERI School of Advanced Studies, focusing on ecosystem services and nature-related risk management.

Attendees included Karnataka Minister for Rural Development and Panchayat Raj, Eshwar B Khandre; UN Global Compact Network India’s Ratnesh Jha; TERI’s Dr Vibha Dhawan and senior sustainability leaders from industry, academia and civil society.

TVS also launched its inaugural TNFD report, ‘Mobility in Harmony with Nature’, becoming one of the first Indian automotive firms to align with Taskforce on Nature-related Financial Disclosures recommendations. The framework helps assess nature-related dependencies, risks and opportunities amid growing water stress and biodiversity loss.

Three TVS Indian facilities are Net Water Positive and Zero Waste to Landfill, with Hosur holding GreenCo Platinum certification. Six products earned the GreenPro Ecolabel. With nearly 97 percent renewable energy in Indian operations, TVS is advancing circular economy initiatives and has established a Registered Vehicle Scrapping Facility for responsible dismantling and recycling.

Thakur Pherwani, Chief Sustainability Officer, TVS Motor Company, said, "Nature is central to economic resilience, community well-being and the future of mobility. At TVS Motor Company, sustainability is embedded into how we think about products, operations, supply chains and partnerships. The release of our inaugural Task Force on Nature Related Disclosure (TNFD)-aligned report is an important step in assessing our nature-related dependencies, impacts, risks and opportunities with greater discipline. Through the white paper and today's workshop, we hope to support a more informed conversation on how Indian businesses can protect natural capital while enabling long-term growth and value creation."

Ratnesh Jha, Executive Director, UN Global Compact Network India, said, "The conversation around sustainability is rapidly evolving from compliance to competitiveness. Through initiatives such as this workshop, we are witnessing businesses recognise that biodiversity, ecosystem health and climate resilience are directly linked to long-term enterprise value. As UN Global Compact Network India completes 25 years of advancing responsible business practices, collaborations like these reaffirm the importance of collective action in shaping India’s sustainable future.”