CarMax, Kia and Virgin America have also dropped their sponsorship of the team amidst intense criticism directed towards Donald Sterling.
However, the energy drink company will maintain their relationship with "Red Bull athlete' and Clippers big man, Blake Griffin.
Darren Rovell, ESPN's sports business reporter tweeted: "Red Bull suspending all marketing activities related to its Clippers sponsorship"
As a result of this move, all Red Bull advertisements and signage will be removed from Staples Center immediately.
Forward, Griffin was signed as a Red Bull athlete in December of 2011 and is now rated among the best players in the NBA.
The move by Red Bull, appears to differentiate between the owner of the team and the players, who themselves have distanced themselves from such remarks by silently protesting against their owner during their latest playoff game.
The team wore plain red shirts for their warm ups before sporting black tape on their arms during the game against the Golden State Warriors yesterday.
The NBA have announced that they will hold a press conference at 2PM tomorrow afternoon to address the investigation surrounding Sterling's comments.