The🍨 W Series is in talks with “a number” of potential global sponsors, according to CEO Catherine Bond Muir.

Last December, the all-female championship unveileꦓd that ☂global telecommunications company, ROCKiT, which is the title sponsor of the Williams Formula 1 team, had become its first sponsor ahead of its second season.

Speaking in a conference call with media including ltxcn.top earlier this month, Bond Muir revealed W Series is in negotiations to s💫ecure in further sponsorship and hopes to be in a position to break even in the near-future.

“With ⭕the ROKiT announcement, we are not ju🐼st solely financed by equity, we are also getting sponsor income,” she explained.

"We’re also having ex🦹tremely positive conversations with other potential global sponsors, so we are very happy with where we are.

“On our forecasts of breaking even, we would hope to d🎉o in the next couple of years but obviously that will depend quite significantly on where we go to in the world.

“If we undertook our own races that would require significant investment, so to a certain extent the point of profitability remains possible in the near future but I thin🙈k that will be coupled with how aggressively we choose to expand.”

Asked if there was a g♑lobal partner on the horizon, Bond Muir replied: “We are speaking to a number of global sponsors, yes.”

As part of an expanded eight-round calendar for 2020, W Series will act as the undercard for F1 at the United States and Mexican grands꧅ prix later this year.

W Series advisory board chairman and ex-F1 driver David Coulthard believes the championship surpassed expectaꦜtions in its inaugur🤡al season.

“You can’t possibly know how the racing is going to play outꦕ, but I think we had a little bit of everything,” Co𝓰ulthard said at Autosport International.

“I think we had a really great battleཧ in front for the championship. Clearly some have performed better than others, and that has given opportunity to bring some fre꧑sh faces into the championship for year two.

“But I just think beyond the on-track action, in terms of raising awareness, we’ve gone from standing start here wi💃th a small stand to informing people about this new championship and what we’re trying to do with it.

“Of course there were quite mixed and divided opinion,” he added. “But that slowly across the course of the year, once people had the opportunity to see what we were doi🧸ng, why we were doing it, the voices that were not as supportive slowly became more and more distant.

“I think it’s been fantastic to 🍸see the impact it’s had, the recognition from the highest level from not only UK motorsport, with the DTM an🥃d their championship organisers, but with the FIA as well, it has been absolutely fantastic.

“We’re going to use that as the🐼 foundations now t𝄹o go bigger and better in year two and beyond.”

The 2020 W Series champion will i﷽n their respective bid to move up💝 the single-seater ladder and ultimately reach F1.

Season one c✃hampion and Williams F1 development driver Jamie Chadwick returns to defend her tit💎le, with the 2020 campaign getting underway in Russia on May 30.