Simona De Silvestro and Paretta Motorsports will have sponsor MoneyLion on its No. 16 Chevrolet-powered entry in the Indianapolis 500, Paretta announced March 8.
The new team is the first to have a woman-owned and -driven entry in the sport.
“We’re thrilled to align with MoneyLion because of our shared ideals,” Paretta CEO/team principal Beth Paretta said in a team release. “MoneyLion’s focus on empowering women through improved financial access and literacy is a direct parallel to our mission of helping women advance their careers. We’re pleased that MoneyLion sees the value of our women-forward racing program and greatly look forward to being a part of their ‘Women Who Roar’ campaign.”
De Silvestro has 68 career NTT IndyCar Series, though none of them have come since 2015, when she ran the Indianapolis 500 for Andretti Autosport, finishing 19th. She has one podium finish, coming home second at NRG Park Stadium Circuit in Houston in 2013.
About the author
Luken Glover arrived on the Frontstretch scene in 2020. He has been an avid NASCAR fan for the majority of his life, following in the footsteps of his grandfather, who used to help former team owner Junie Donlavey in his garage. Glover covers news for the site and took over "The Underdog House" column in 2021. In addition to being a college junior, his hobbies include volunteering at church, playing basketball and tennis, racing go-karts, and helping at his high school alma mater.
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