In June 2023 EF Education announced a new women's team, EF Education–Cannondale.[1][2] This was announced after both SVB and Tibco stopped their sponsorship of the EF Education–Tibco–SVB team.[3] In August, Veronica Ewers, one of the EF Education–Tibco–SVB riders, was announced as signing for the new team.[4] In June 2024, the team announced that the Swedish food company Oatly would become a sponsor and changed its name to EF–Oatly–Cannondale.[5]