His last race with the team will be in Abu Dhabi next month," the F1 team said in a statement.
"Having spent five years with us, Nico has become a great friend and contributed a huge amount to the team's success," team principal and managing director Vijay Mallya, who is currently based in the United Kingdom owing to legal problems in India, said.
Hailing Hulkenburg for his contributions, Mallya wished the German for his future.
"While it's true we will miss Nico, we respect his decision to explore fresh opportunities," Mallya said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)