A crowdfunding campaign to help the University of Malta's racing team build their Formula SAE car has zoomed past its €5,000 target.
The successful Zaar.com.mt campaign means Univesity of Malta Racing will now be able to complete the design and build of a lighter, faster and stronger car than the ones they’ve previously competed with, business team leader Matthew Buhagiar said.
"Now that we have secured these funds, on top of the support we had already received from other generous sponsors, we look forward to completing our new vehicle by the end of the summer.”
The UoMR crowdfunding campaign on ZAAR was launched in April. The launch included an exhibition of the three cars that the team had built so far, but also showcased the process of building a formula-style vehicle through various designs and parts.
The Formula SAE competition is organised by the Society of Automotive Engineers, which is the highest authority in automotive engineering worldwide. Participation gives these students priceless exposure – not only to huge companies in the automotive industry like Dallara, Lamborghini, Ferrari and BMW, but also with regard to opportunities to network and establish contacts, both with these companies and with other more experienced teams.
The project was made possible through the University of Malta and its Research Trust (RIDT), the team’s University advisor Maurizio Fenech, as well as many staff members. The team’s main sponsors include the Education Ministry, Trelleborg Sealing Solutions, Enemed, Tek-Moulds Precision Engineering, PwC Malta, Adpro-Instruments Ltd, Continental Cars Ltd, RS Components, Würth Malta, Talocan Ltd and QFree Traffiko.
If you’d like to contribute further to the campaign, visit the team's Zaar crowdfunding page.