Welcome to our dedicated page for EzFill Holdings news (Ticker: EZFL), a resource for investors and traders seeking the latest updates and insights on EzFill Holdings stock.
EzFill Holdings, Inc. (symbol: EZFL) is a cutting-edge, application-based on-demand fuel delivery company headquartered in Florida. Specializing in mobile fueling, EzFill combines the convenience of on-demand fills with subscription services that ensure customer vehicles are fueled at routine intervals. This innovative service caters to a diverse range of markets including consumer, fleet, marine, and specialty markets.
Through its easy-to-use app-based platform, EzFill brings the gas station directly to customers. The company operates a growing fleet of EzFill-branded Mobile Fueling Trucks that serve the greater South Florida area as well as other key locations such as West Palm Beach, Jacksonville, Tampa, and Orlando. Expansion plans are underway to extend their services to additional areas across Florida.
EzFill's commitment to customer convenience and operational efficiency is evident in its continuous growth and adaptation to market needs. By leveraging advanced technology, EzFill not only ensures reliable fuel delivery but also offers a seamless user experience. This service model is particularly beneficial for businesses with large vehicle fleets, marine operations, and consumers who prefer the convenience of not having to visit a gas station.
Recent achievements for EzFill include strategic partnerships and expansion into new geographical areas, which are poised to enhance their service capability and market reach. Financially, the company has shown steady growth, with key performance indicators reflecting positively on their market strategy.
For additional updates and detailed information about EzFill Holdings, Inc., please contact their Investor and Media Contact at Telx, Inc., Paula Luna, via email at Paula@Telxcomputers.com.
Yoshi Mobility has announced a strategic partnership with CALSTART, a national nonprofit focused on clean transportation development. This collaboration comes after Yoshi Mobility's fuel division was acquired by EZFill Holdings (NASDAQ: EZFL) last month, allowing the company to focus on non-fuel fleet services and electric vehicle solutions.
The partnership aims to develop and demonstrate cutting-edge EV charging technologies, accelerate market adoption, and collaborate on policy initiatives. Yoshi Mobility currently provides EV charging solutions to major OEMs, autonomous vehicle companies, and rideshare operators, serving enterprise customers managing hundreds of light-duty vehicles requiring up to 1 megawatt of energy daily. The company offers gap-charging options for fleet operators without utility grid access, along with on-site preventative maintenance and virtual vehicle inspections for partners like Uber and Turo.
EzFill Holdings (NASDAQ: EZFL) has completed the acquisition of a Shell fleet, marking a significant expansion in its mobile fueling operations. The transaction, closed on December 27, 2024, adds 73 trucks to EzFill's fleet, bringing the total to 139 vehicles.
The company has expanded into four new markets: Phoenix, San Antonio, Houston, and Austin, while strengthening its presence in Dallas. EzFill now operates in 6 states across 14 markets, including Miami, West Palm Beach, Orlando, Tampa, Jacksonville, Los Angeles, San Francisco, Nashville, and Detroit.
With this expansion, EzFill projects delivering approximately 16 million gallons with the newly acquired trucks in 2025. The company anticipates total deliveries of 26 million gallons and expects to generate over $100 million in revenues in 2025. CEO Yehuda Levy emphasized that this expansion could help achieve the scale needed for near-term profitability.
EzFill Holdings (NASDAQ: EZFL) has executed a term sheet with Shell Retail and Convenience Operations to acquire 78 trucks from Shell's fleet. This acquisition will enable EzFill to begin fuel delivery operations in Phoenix, San Antonio, Austin, Dallas, and Houston. The deal will more than double EzFill's fleet to 144 trucks and expand its geographic presence across 13 key markets, including Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit, and Nashville. The company will utilize these trucks to service a large retailer's fleet and other customers in Texas and Arizona markets. This expansion follows EzFill's recent acquisition of Yoshi Mobility's fuel division.
EzFill Holdings (NASDAQ: EZFL) has completed the acquisition of Yoshi Inc.'s mobile fueling division, marking a significant expansion into four new states: California, Michigan, Tennessee, and Texas. The deal, closed on December 2, 2024, adds 26 new trucks to EzFill's fleet, bringing the total to 66 vehicles.
The expansion includes five new markets: Los Angeles, San Francisco, Detroit, Houston, and Nashville, increasing EzFill's presence to 10 strategic locations across 5 states. The acquisition brings over 50 new commercial fleet accounts to EzFill's portfolio. The company plans to immediately offer diesel services in these new markets, targeting the 76% of commercial vehicles that use diesel fuel.
EzFill Holdings (NASDAQ: EZFL) has signed a definitive agreement to acquire Yoshi Mobility's fuel division, expanding operations to four new states: California, Tennessee, Texas, and Michigan. The deal, expected to close by December 2, 2024, will integrate Yoshi's assets, operations, and customers into EzFill's infrastructure. The company plans to add diesel fueling services to Yoshi's existing markets and implement an aggressive national expansion plan. As part of the agreement, Yoshi will become an EzFill shareholder. The acquisition aims to strengthen EzFill's position in the on-demand fueling sector and extend services to national customers in new markets.
EzFill Holdings (NASDAQ: EZFL) reported Q3 2024 financial results showing significant growth. Revenue increased 13% year-over-year to $7.0 million, driven by a 26% increase in gallons delivered to 1.87 million. Gross profit grew 74% to $0.61 million, with improved fuel margins of $0.71 per gallon. The company reported a net loss of $8.1 million, largely due to interest expenses from debt conversion. Adjusted EBITDA loss improved 15% to $(1.1) million. Notable developments include the conversion of $13.5 million debt to equity and receipt of a $1.4 million investment.
Yoshi Mobility announced the strategic spin-off of its fuel division to EZFill Holdings (NASDAQ: EZFL) as part of its shift towards sustainable mobility solutions. The company will now focus on three core areas: mobile vehicle charging for electric and autonomous fleets, virtual vehicle inspections, and on-site preventative maintenance. The company has already launched EV charging solutions with major OEMs and rideshare operators, serving large EV fleets requiring up to 1 megawatt of energy daily. Yoshi is also developing a proprietary 240 kW fast-charger capable of providing 100 miles of charge in under 10 minutes.
EzFill Holdings (NASDAQ: EZFL) has signed a non-binding Letter of Intent to acquire Yoshi Mobility's fuel division, expanding operations into California, Tennessee, Texas, and Michigan. The acquisition will integrate Yoshi's assets and customers into EzFill's infrastructure, marking a significant expansion in the mobile fueling sector. Yoshi Mobility, backed by General Motors Ventures, ExxonMobil, and Bridgestone Americas, will transition its fueling operations to EzFill while focusing on developing mobility solutions. The transaction is expected to close before year-end, subject to definitive agreements and closing conditions.
EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in the mobile fuel industry, has mobilized its fleet to support communities affected by Hurricanes Helene and Milton. The company has been actively providing essential fuel services to nursing homes, first responders, and local residents impacted by the storms over the past two weeks.
EzFill's emergency response team has been filling hundreds of generators and equipment for medical facilities, emergency service providers, and hurricane shelters across the state. They have also prioritized fuel deliveries to first responder vehicles and thousands of local residents. The company is working closely with major generator and equipment suppliers to ensure continuous power supply to critical facilities until utility services are restored.
CEO Yehuda Levy emphasized EzFill's commitment to supporting those in need during times of crisis and pledged to continue assisting in the recovery process.
EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in the mobile fueling industry, has regained compliance with NASDAQ's Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2,500,000. This follows a notice of non-compliance received on August 22, 2023. The company achieved compliance through strategic transactions, including:
- A private placement sale of Series B Convertible Preferred Stock
- Exchanging certain debt for common stock
- Exchanging other debt for Series A Preferred Stock
NASDAQ will monitor EzFill's compliance for one year, with potential delisting without a cure period if the company falls out of compliance again.
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