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

Jan 20, 2022

The Mercedes-EQ Formula E Team is very pleased to announce a partnership with mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), (“mCloud” or the “Company”) a leading provider of AI-powered asset management and Environmental, Social, and Governance (“ESG”) solutions. mCloud joins the team as an Official Team Partner just ahead of the official opening of Season 8 of the ABB FIA Formula E World Championship in Diriyah, Saudi Arabia on January 28 and 29.

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. Last 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 decarbonise and optimise 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.”

mCloud joins the Mercedes-EQ Formula E Team on the back of several major AssetCare customer wins. The company 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.

About mCloud Technologies Corp.
mCloud is unlocking the untapped potential of energy intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare™ platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance.

With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare.  With over 100 blue-chip customers and more than 63,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.

mCloud's common shares trade in the United States on the Nasdaq and in Canada on the TSX Venture Exchange under the symbol MCLD. mCloud's convertible debentures trade on the TSX Venture Exchange under the symbol MCLD.DB. For more information, visit

Formula E: Partner Announcement
Formula E: Partner Announcement