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Zapp EV Secures Increased Commitment of up to $50 million for i300 Electric Urban Motorcycle Rollout

Zapp EV Secures Increased Commitment of up to $50 million for i300 Electric Urban Motorcycle Rollout

07/12/24, 10:33 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money
$50 million
Industry
electric vehicle
automotive
Type
contract
Zapp Electric Vehicles Group Limited has entered into a new standby equity purchase agreement (the “New SEPA”) with an affiliate of Yorkville Advisors Global, LP, securing additional financial resources of up to $50 million to expand commercial operations to additional countries and start production and the commercial rollout of the i300 in India.

Company Info

Company
Zapp Electric Vehicles Group Limited
Location
london, england, united kingdom
Additional Info
Zapp Electric Vehicles Group Limited is the owner of the British electric vehicle brand, Zapp, and is focused on revolutionizing personal urban mobility.