EVTG EV Technology Group Ltd

EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces today that its strategic partner MOKE International Limited (“MIL”), working with its distribution partner MOKE France SAS (“MOKE France”), has opened the doors of its new flagship store in its spiritual home, Saint-Tropez, France. Additionally, it has launched a brand-new website offering the unique MOKE experience online, where potential owners across the UK and Europe can configure their Electric MOKE and pay GBP£990 to secure their pre-orders and join the waiting list. 

The new website gives customers the freedom to decide between having a new Electric MOKE delivered to a convenient address of their choice, or to collect it in person at Casa MOKE, situated in one of the world’s most glamourous locales.

The original Mini Moke first appeared in 1964 and was embraced by luminaries such as Brigitte Bardot, James Bond and The Beach Boys; driven in glamourous and exclusive locations including the French Riviera. Saint-Tropez quickly became the spiritual home for the MOKE brand, making it the perfect location for the new Casa MOKE flagship store. The newly launched MOKE website offers the same unique MOKE experience for an online audience.

Pictured: Casa MOKE, Saint-Tropez

Pictured: Casa MOKE, Saint-Tropez

EV Technology Group bringing MOKE into the sustainable mobility era  

To springboard MOKE International into the electric age and make the Electric MOKE widely available to customers, EV Technology Group, recently agreed to acquire a further 53% of MIL for total transaction value of approximately US$55.1M, and maintain an option to acquire the remaining shares of MIL. It is EV Technology Group’s mission to create and redefine the joy of motoring by electrifying iconic brands. Their investment and expertise will allow the MOKE brand to rapidly expand into global markets.

Unique MOKE experience both online and at Casa MOKE

The Electric MOKE is much more than just an electric vehicle; it’s an emblem of fun and freedom. The culture and ethos behind MOKE is as enduring as the charm of the car itself, making customer experience a crucial element of the purchasing process. The new MOKE International website features a configurator, allowing potential customers to design their own Electric MOKE to their preferred specifications, with a choice of five iconic colours from launch – Granite Grey, Sunlight Yellow, Sunset Orange, Scuba Blue and Wave Blue.

The newly-opened Casa MOKE flagship store in Saint-Tropez offers a bespoke customer experience where they can muse over and experience the Electric MOKE in person, and in the French Riviera, making green, luxurious open top driving a reality. 

A network of MOKE partners and agents are being established worldwide to harmonise logistics, sales and aftersales services. In the UK, MOKE International has an exclusive partnership with Hendy Group, a family-run business with over 20 dealerships and servicing facilities located throughout the south of England.

Isobel Dando, CEO of MOKE International, said: “MOKE now offers customers the ease of configuring and purchasing their Electric MOKE online, as well as the intimate experience of the Casa MOKE flagship store. Both the website and Casa MOKE launch focus on creating a personal and simple customer experience. Online orders are delivered to an address of the customer’s choice, and at Casa MOKE customers can enjoy the Electric MOKE for themselves in a relaxed, friendly atmosphere in MOKE’s spiritual home, Saint-Tropez.”

Wouter Witvoet, CEO and founder of EV Technology Group, said: “The MOKE International team have created a seamless user experience, whether you start offline or online. From coming into Casa MOKE and encountering the Electric MOKE first hand, to finalising a purchase with the configurator. The brand is full of joy – and that’s exactly what EV Technology Group wants to achieve when electrifying iconic brands.”

Fully electric. Fully British. Fully MOKE

Production of the Electric MOKE is already underway in England, with first customer deliveries already being fulfilled. Using a 44hp motor and weighing under 800kg, the rear-wheel-drive MOKE covers 0-34mph (0-55kph) in 4.3 seconds and achieves a top speed of 50 mph (80 km/h). A full charge takes just four hours via a Type 2 port and the Electric MOKE covers up to 80 miles of range on a single charge – enough for four round trips across the Côte d’Azur. 

Electric MOKE specifications

Range	120 km*
Charge	4 hours
Top speed	80 KM/h
0-55 KM/h	4.3 seconds
Power	33 kW
Battery	LITHIUM-ION

*Subject to Worldwide Harmonised Light Vehicle Test Procedure (WTLP) testing

MediaRachael D’Amorerachael@talkshopmedia.com  +1519-564-9850

Investor RelationsDave Gentrydave@redchip.com   +14074914498

EV Technology GroupWouter WitvoetCEO and Chairman of the Boardwouter@evtgroup.com   

EV Technology GroupEV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

About MOKE InternationalMOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. The MOKE is a revitalised, re-engineered version of the iconic Mini Moke that was originally designed by the legendary Sir Alec Issigonis, the designer of the 1959 Mini, and launched in 1964. The Mini Moke was created as a low-cost and easy to maintain recreational and utility vehicle, but it quickly gained cult status in fashionable resorts such as the French Riviera and the Caribbean. It has been driven by Beatles, Bridget Bardot and James Bond alike. MOKE International has brought the Mini Moke into the modern age by integrating up-to-date driving technologies, including full electric power, while remaining faithful to the iconic design which made it a global hit in the 1960s. True to its heritage, MOKEs today are engineered and built in Northamptonshire, England. Production takes place at a 500,000sq ft state-of-the-art facility owned and operated by British automotive manufacturing services company, Fablink Group. 

MOKEMOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited (“MOKE International”) in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit: https://mokeinternational.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to: the direct-to-consumer website of MIL, online orders for the Electric MOKE, the real world performance of the Electric MOKE and the definitive agreement between EV Technology Group and the shareholders of MIL. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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