Andhra Pradesh signs up as sponsor for Swiss Moto2 team

The state of Andhra Pradesh has signed up as the official sponsor for a Swiss Moto2 team CGBM Evolution for the 2018 season. 

CGBM Evolution recently unveiled their bikes for the 2018 Moto2 championship. The 2018 bikes sport Andhra Pradesh's 'Sunrise State' livery in white, green and black colours. The bikes also have the logo of Hyderabad-based pharmaceuticals company Dr. Reddy's. 

It has been reported that the team's primary sponsor Olivier Metraux was no longer interested in supporting the team. CGBM Evolution decided to take a different approach to keep the team afloat. Thus, a crowdfunding campaign was launched to bring in new sponsors. 

The team will run KTM bikes and has registered for this season by the name - Swiss Innovative Investors.com KTM Team. KTM replaces the Honda-powered Kalex Moto2 machine. Last season, the KTM bikes made it to the podium twelve times. CGBM Evolution has signed up Sam Lowes who raced in the premier class MotoGP last year with Aprilia. He will return to Moto2 this year and will ride alongside the 18-year-old, Iker Lecuona.

Source: DriveSpark