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Zapp Electric Vehicles Group Limited (NASDAQ: ZAPP) is a UK-based company that specializes in the design, manufacture, and sale of high-performance electric vehicles. Zapp focuses on creating cutting-edge electric two-wheelers, including maintenance and repair services for electric vehicles, as well as related parts and accessories.
Latest Developments:
As of July 26, 2023, Zapp announced the granting of European patents for two key components of its i300 electric urban motorcycle—the Z-shaped exoskeleton and the removable front fender. These patents underscore the innovative technology and strategic vision that Zapp employs, which prioritizes design, performance, sustainability, manufacturing, and customer experience.
The i300's distinctive Z-shaped exoskeleton is crafted from single-piece anodized aluminum components, offering a revolution in motorcycle chassis technology. This design feature not only enhances handling and safety through a lower center of gravity but also provides added storage space. Additionally, the exoskeleton reduces the need for multiple assembly components, contributing to sustainability and commercial efficiency.
The removable front fender introduces an unprecedented level of personalization in the two-wheel sector. Customers can easily replace their front fenders with new ones in various colors, a service provided by authorized technicians known as ‘Zappers’. This personalization option aims to bring the exclusive customization typically seen in high-end vehicles to the consumer electric two-wheeler market.
Zapp’s first product, the i300, combines traditional motorcycle performance with the convenience of a step-through scooter. It is available for pre-order and will be delivered to customers directly by Zappers, ensuring top-notch service and support throughout the ownership lifecycle. The i300 is designed to set new benchmarks in the electric mobility space, making zero-emission transportation both exhilarating and practical.
About Zapp:
Zapp Electric Vehicles Group Limited operates through its principal affiliate in the UK, driven by a team of experts from the mobility industry. The company is on a mission to redefine the electric two-wheeler segment with products that emphasize performance and sustainability. For more information, visit www.zappev.com.
Zapp Electric Vehicles (Nasdaq: ZAPP) has opened its new microfactory reference site in the Bangkok Free Trade Zone, Thailand, ahead of schedule. The ISO 9001:2015 certified facility was completed in less than three months, working with AIH Group. The compact 12,000 square feet space can produce up to 20,000 units annually using Zapp's proprietary assembly process and manufacturing innovations.
The microfactory system supports made-to-order and highly personalisable i300 products while meeting 'gen-2' sustainable assembly objectives. From this location, Zapp can serve both domestic Thai market and export to Southeast Asia and Europe. The company plans to replicate this template in other high-demand regions, including India and South America, with each facility maintaining the same production capacity and setup timeframe.
New to The Street announces its upcoming sponsored programming on Bloomberg TV, airing Saturday, October 12, at 6:30 PM EST. The lineup features innovative companies including ZAPP, NUBURU, and ACURX Pharmaceuticals, showcasing advancements in electric vehicles, blue laser technology, and antibiotic innovation respectively. The program will also include The Sustainable Green Team highlighting eco-friendly solutions for environmental sustainability, and SEKUR returning with its "Hack of the Week" segment, focusing on cybersecurity threats and privacy protection.
New to The Street announces its upcoming sponsored programming on Bloomberg TV, airing Saturday, October 11, at 6:30 PM EST. The lineup features innovative companies including:
- ZAPP: Electric vehicles
- NUBURU: Blue laser technology
- ACURX Pharmaceuticals (ACXP): Antibiotic innovation
- The Sustainable Green Team: Eco-friendly solutions for environmental sustainability
- SEKUR: 'Hack of the Week' segment on cybersecurity threats and privacy protection
This diverse lineup showcases cutting-edge advancements across various industries, from electric vehicles to healthcare and environmental sustainability.
Zapp Electric Vehicles Group (Nasdaq: ZAPP) has announced a turnkey engineering, procurement and construction (EPC) agreement with AIH Group to deliver a low-cost manufacturing reference site in the Bangkok Free Trade Zone. This facility, expected to be completed by early 2025, will showcase Zapp's flexible manufacturing and Gen-2 sustainable assembly innovations. The site will have an annualized production capacity of up to 20,000 units and serve as a template for future global expansion.
The agreement follows Zapp's first sales of the i300 in Thailand. The new facility aims to benefit both domestic sales and exports, while supporting Zapp's planned drop-ship-direct-to-customer model. AIH Group, with experience working with major automotive OEMs, will contribute its expertise to accelerate Zapp's business plan and goals.
Zapp Electric Vehicles Group (Nasdaq: ZAPP) has completed homologation for its i300 electric urban motorcycle in Thailand, enabling first customer deliveries in the country. This marks a significant milestone for Zapp EV's expansion into Southeast Asia, the world's largest two-wheeler market. Thailand, being the fifth largest market for two-wheeler sales globally, presents a substantial opportunity for Zapp.
CEO Swin Chatsuwan highlighted that 87% of Thai households own at least one two-wheeler, with about half of consumers purchasing premium models. The i300's award-winning design and high performance are expected to appeal to urban consumers looking to switch to electric vehicles. Zapp EV is also planning commercial launches in other key Southeast Asian countries like Indonesia and Vietnam, targeting a market of nearly 500 million two-wheelers across Southeast Asia and India.
Zapp Electric Vehicles Group (Nasdaq: ZAPP) has appointed David McIntyre as Chief Operating Officer (COO) in a newly created role, effective immediately. McIntyre, previously Zapp's Chief Commercial Officer, brings extensive experience in scaling operations for luxury and performance automotive brands. As COO, he will manage supply chain logistics, oversee contract manufacturing and in-house assembly, and lead Zapp's global commercial strategy.
With three decades of experience in the international luxury automotive industry, McIntyre has contributed to successful expansions and increased unit sales at companies like McLaren, Jaguar Land Rover, Aston Martin, Bentley, Porsche, and Lotus. His appointment aims to streamline operations and accelerate Zapp's commercial success as the company plans to expand rapidly across multiple markets, introducing the i300 electric vehicle to an increasing number of countries worldwide.
Zapp Electric Vehicles Group (Nasdaq: ZAPP) has secured regulatory approval for its i300 urban motorcycle in the United Kingdom, enabling first customer deliveries expected in August 2024. This milestone paves the way for sales and precedes a wider commercial rollout in Europe and Asia. The approval from the Driver and Vehicle Standards Agency validates Zapp's engineering and design quality. The company plans to showcase its drop-ship-direct-to-customer order fulfillment using branded Zapper vans. Zapp's business model is designed for rapid scaling, with plans to expand in Europe while pursuing homologation in India, Thailand, and other Southeast Asian countries.
Zapp Electric Vehicles Group (Nasdaq: ZAPP) has released its financial results for the first half of fiscal year 2024. The company reported an IFRS net loss of $5.0 million, down from $8.6 million the previous year. Operating loss decreased to $3.1 million from $3.9 million. The company received $2.7 million from various financial activities to support production and rollout of the i300 electric urban motorcycle. Key milestones include the commercial rollout in India, the i300 winning the iF DESIGN AWARD 2024, and launch activities in Bangkok. The first customer deliveries of the i300 are expected in summer 2024, with over 5,000 units projected to be sold by the end of fiscal 2025 and an annual run-rate of more than 25,000 units by the start of fiscal 2026.
Zapp Electric Vehicles Group has signed a memorandum of understanding with Bounce Electric 1 Private to appoint Bounce as its contract manufacturing partner for the i300 electric urban motorcycle in India. This partnership aims to accelerate the homologation and commercial rollout of the i300 in India, one of the largest two-wheeler markets globally. Bounce, backed by Accel, operates a domestic vehicle assembly facility and may assist with distribution. Zapp plans to scale production to a minimum of 5,000 units annually, leveraging an asset-light and capital-efficient model, which allows for rapid scaling without significant capital expenditures. The i300 features removable battery packs that can be charged from any wall socket, positioning it well for India’s market. Zapp aims for first customer deliveries of the i300 in Europe and Thailand by summer 2024.
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