Only a couple of days before the start of the new season, Renault F1 Team received another boost (financially speaking) by signing a new partner. We’re talking about German company MOV’IT, a worldwide player in high-performance brake systems for sports, racing and security vehicles.

We weren’t given the full details of the new agreement, but we believe it will extend for the duration of the upcoming season only, with the company’s logo due to be painted on the nose of the Renault R30 starting the very Bahrain Grand Prix this weekend.

“One of the primary motivations for our investment in Renault F1 Team was to use the sport as a powerful business-to-business platform and create synergies between different companies within our partner network,” said the Enstone based team owner Gerard Lopez.

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Tags: F1, formula 1, formula one, FormulaOne, MOV'IT, R30, Renault, Renault F1, Renault F1 Team