mCloud Technologies Joins Mercedes-EQ – Formula E Team as Official Team Partner

Partnership includes collaboration with the Mercedes-EQ Formula E Team to explore the use of AssetCare™ solutions to reduce emissions, carbon footprint, and enhancement of indoor air quality across business

mCloud Technologies Corp. a leading provider of AI-powered asset management and Environmental, Social, and Governance (“ESG”) solutions today announced a partnership with the Mercedes-EQ Formula E Team as an Official Team Partner just ahead of the official opening of Season 8 of the ABB FIA Formula E World Championship with races in Diriyah, Saudi Arabia on January 28 and 29.

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As the world’s only all-electric FIA World Championship and the only sport certified net zero carbon since inception, the ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities, providing an elite motorsports experience that showcases electric vehicle innovation and the power of ESG technologies. In the 2020/21 season, the Mercedes-EQ Formula E Team became the first-ever all-electric motorsport World Champions by winning the ABB FIA Formula E World Championship Drivers’ and Teams’ titles.

The team has begun collaborating with mCloud to explore the use of mCloud’s AssetCare portfolio of solutions to drive the ESG performance of their business, including technologies to reduce harmful emissions, the carbon footprint of their facilities, and further enhancing the safety and comfort of the work environment. Using AI in the cloud, AssetCare has been adopted by companies worldwide to decarbonize and optimize the productivity of manufacturing facilities, commercial retail spaces, automotive dealerships, and office buildings by reducing energy waste, greenhouse gas emissions, and driving the safety of indoor air.

“mCloud is proud to join the Mercedes-EQ Formula E Team as Official Team Partner,” said Russ McMeekin, mCloud President and CEO. “The Mercedes-EQ Formula E Team and mCloud share a common vision in the use of advanced technologies to drive positive ESG outcomes and our partnership with the team in a global, zero-carbon racing series like Formula E is the perfect way to demonstrate the clear business and environmental advantages of embracing new solutions. I look forward to attending the season opener in Diriyah along with our customers in Saudi Arabia this month.”

“The Mercedes-EQ Formula E Team, since its inception, has had the objective to create and promote a sustainable future that transcends the world of motorsport. Our partners have always been instrumental in ensuring we can deliver to this objective, creating a sustainable future around the globe through the use of new high-performance technologies,” said Ian James, Team Principal, Mercedes-EQ Formula E Team. “We look forward to working with mCloud on showcasing that important message to our fanbase and businesses globally through the unique platform of Formula E.”

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mCloud joins the Mercedes-EQ Formula E Team on the back of several major AssetCare customer wins. In November 2021, mCloud announced its largest indoor air quality deployment to-date at the premier Life Plaza office tower in Calgary and the delivery of HVAC energy efficiency and indoor air quality capabilities to the first of over 100 restaurants owned and operated by the AFCO Restaurant Group in Saudi Arabia. The Company has also pursued new opportunities to bring AssetCare to automotive dealerships across the United States.

mCloud was recently listed the 57th fastest-growing company in North America on Deloitte’s Technology Fast 500™ list and the #2 company on the Deloitte 2021 Canada Clean Technology Fast 50. The Company also recently completed a milestone uplist to the Nasdaq in November.

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