Quad M Solutions ($MMMM) Subsidiary Acquires EV Performance Vehicle Maker REV Technologies

Rhea-AI Summary

Quad M Solutions (OTCMKTS: MMMM) has acquired REV Technologies, a leading race to road electrification technology company, giving QM Racing ownership rights to the highly anticipated Riley Streetfighter, a cutting-edge three-wheeled electric vehicle. With impressive 0-60 mph acceleration in under three seconds, up to 200-mile range per charge, and customizable price range, the Streetfighter aims to redefine the powersports market. QM Racing plans to scale up production leveraging Riley's expertise and facilities.

Positive

• The acquisition positions QM Racing to meet the growing demand for electric three-wheelers, with market expected to nearly double in the next 10 years and exceed the $1.5 billion mark by 2033.
• The Streetfighter's performance and sustainability features make it a competitive player in the electric vehicle market, potentially boosting QM Racing's market share and revenue.

Negative

• None.

SAN DIEGO, CA / ACCESSWIRE / July 19, 2023 / Quad M Solutions (OTCMKTS:MMMM) has announced the acquisition of REV Technologies, a leading race to road electrification technology company.

The acquisition gives QM Racing ownership rights to the highly anticipated Riley Streetfighter, a cutting-edge three-wheeled electric vehicle being developed by REV Technologies in association with North Carolina based Riley Technologies.

With an impressive 0-60 mph acceleration in under three seconds, up to 200-mile range per charge, and customizable price range, the company says that the Streetfighter will aim to redefine the powersports market with best in class performance and sustainability.

Leveraging Riley's expertise and production facilities, QM Racing plans to scale up Streetfighter production in the near future.

Joseph Frontiere, CEO of QM Racing stated: "According to Future Market Insight, today's electric three-wheeler market is expected to nearly double in the next 10 years and exceed the $1.5 billion mark by 2033. As a technological leader with an exceptional automotive performance pedigree, we are poised to meet the demand for race performance combined with the advantages of electric vehicles and secure a substantive market share."

QM Racing is dedicated to delivering high-performance electric vehicles that combine cutting-edge technology with a passion for automotive excellence.

Shares of Quad M Solutions trade on the OTC under the ticker symbol MMMM. For more information visit www.rileyev.com.

Source: https://greenstocknews.com/newswire/quad-m-solutions-mmmm-subsidiary-acquires-ev-performance-vehicle-maker-rev-technologies

Disclaimer

This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$15,000 by REV Technologies Inc. for advertising services.

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John Jewell
Director of Communications
Green Stock News
john@greenstocknews.com

SOURCE: Quad M Solutions

View source version on accesswire.com:
https://www.accesswire.com/769051/Quad-M-Solutions-MMMM-Subsidiary-Acquires-EV-Performance-Vehicle-Maker-REV-Technologies

FAQ

What company has acquired REV Technologies?

Quad M Solutions (OTCMKTS: MMMM)

What is the name of the cutting-edge electric vehicle acquired?

Riley Streetfighter

What are the key features of the Streetfighter?

Impressive 0-60 mph acceleration in under three seconds, up to 200-mile range per charge, and customizable price range.

What are the expected market trends for electric three-wheelers?

The market is expected to nearly double in the next 10 years and exceed the $1.5 billion mark by 2033.

Where can more information be found?

For more information, visit www.rileyev.com.