Mr. Zen
4 months ago
LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- – via IBN – Life Electric Vehicles Holdings Inc. (OTC: LFEV), a developer, manufacturer and distributor in the light electric vehicle industry, today announces it has selected IBN, a multifaceted financial news and publishing company for private and public entities, to assist with its corporate communications initiatives.
Life Electric Vehicles (d/b/a Life EV Group), along with its subsidiaries, is focused on the launch, acquisition and consolidation of multiple brands of e-bikes, e-trikes, e-scooters and light EVs with the aim of positioning itself as an industry leader for the American micro-mobility market.
The light electric vehicle industry, mainly e-bikes, is fast becoming a leading form of EV sales in the U.S. and Europe. In addition to offering ready-to-ride electric vehicles, Life EV Group intends to distribute individual components, including motors, batteries, chargers, controllers and EV parts, to third party manufacturers in both the U.S. and worldwide.
The company’s first acquisition was completed in 2023 with a 40% equity stake in LEV Manufacturing Inc., a related company and American manufacturer of e-bikes. LEV Manufacturing’s assembly utilizes free-trade zone processes with a U.S. Certificate of Origin, eliminating middle layer costs and resulting in cost-effective production and lower MSRPs. LEV Manufacturing recently completed the acquisition of Serial 1 Cycle Company LLC, an e-bike maker founded by a major U.S. motorcycle manufacturer.
As part of the Client Partner relationship, IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Life Electric Vehicles Holdings.
With 18+ years of experience assisting 500+ client partners improve communications within the investment community, and a sizable family of 60+ trusted brands, IBN has amassed a collective audience that includes millions of social media followers. IBN is uniquely positioned to provide Life Electric Vehicles the solutions needed to reach a wide audience of investors, journalists and the general public.
To learn more about Life Electric Vehicles, please visit the company’s corporate newsroom @ https://IBN.fm/LFEV
Mr. Zen
5 months ago
https://techmediawire.com/life-electric-vehicles-holdings-inc-lfev-is-one-to-watch/
Life Electric Vehicles Holdings Inc. (LFEV) Is ‘One to Watch’
March 20, 2024
Life EV Group in December 2023 announced its acquisition of a 40% interest in LEV Manufacturing through a share exchange
LEV Manufacturing Inc. in July 2023 acquired Serial 1 Cycle Company, an e-bike maker founded by Harley-Davidson
In February 2022, the company announced a name change to Life Electric Vehicles Holdings Inc.
In November 2021, Second Street Capital Inc. merged with Life Electric Vehicles Holdings Inc.
Life Electric Vehicles Holdings (OTC: LFEV) (d/b/a Life EV Group), along with its subsidiaries, is a developer, manufacturer and distributor in the light electric vehicle industry. The company’s business model focuses on the launch, acquisition and consolidation of multiple brands of e-bikes, e-trikes, e-scooters and light EVs with the aim of positioning itself as an industry leader for the American micro-mobility market.
The light electric vehicle industry, mainly e-bikes, is fast becoming a leading form of EV sales in the U.S. and Europe. In addition to offering ready-to-ride electric vehicles, Life EV Group intends to distribute individual components, including motors, batteries, chargers, controllers and EV parts, to third party manufacturers in both the U.S. and worldwide.
The company’s first acquisition was completed in 2023 with a 40% equity stake in LEV Manufacturing Inc., a related company and American manufacturer of e-bikes. LEV Manufacturing’s assembly utilizes free-trade zone processes with a U.S. Certificate of Origin, eliminating middle layer costs and resulting in cost-effective production and lower MSRPs.
LEV Manufacturing recently completed the acquisition of Serial 1 Cycle Company LLC. Serial 1 is an e-bike maker founded by U.S. motorcycle manufacturer Harley-Davidson in 2018 and spun off as an independent brand in 2020. The acquisition positions Serial 1 for even greater success and long-term growth.
Life EV Group is headquartered in Deerfield Beach, Florida.
Market Opportunity
An analysis from Mordor Intelligence, a market research and advisory firm, estimates the e-bike market to be worth $34.98 billion in 2024 and projects it will expand to reach a value of $51.78 billion by 2029, representing a CAGR of 8.16% during the forecast period.
Mordor attributes forecast market growth primarily to the increasing adoption of electric bikes as a mode of daily transportation around the world. The market is seeing an upsurge in unit sales based on their attractive consumer characteristics, including health benefits, affordability and convenience.
The North American electric bike market is growing as the preference for low-speed two- and three-wheelers has increased in recent years. Various bike-sharing operators are including electric bikes in their fleets, which is expected to support the sales growth of these bikes in the near future.
Management Team
Robert Provost is the CEO of Life EV Group. He was Founder and CEO of Prodeco Technologies, a maker of e-bikes and e-bike parts and accessories. He also serves as President and CEO of LEV Manufacturing Inc. He is Chairman of the board for Serial 1 Cycle Company.
Daniel Del Aguila is COO at Life EV Group. He co-founded Prodeco Technologies and serves as COO of LEV Manufacturing Inc.
Ivan Drusc is CFO at Life EV Group. He is a seasoned accounting and finance professional with a proven track record in industries from insurance to IT and property management. He has served as a key player in businesses ranging in size from startups to publicly traded global companies. He has experience in cost reduction, risk mitigation, IT and ERP systems, outsourcing and restructuring. He is a graduate of the University of Akron with a bachelor’s degree in accounting.
For more information, visit the company’s website at www.LifeElectricVehicles.com.
NOTE TO INVESTORS: The latest news and updates relating to LFEV are available in the company’s newsroom at https://ibn.fm/LFEV
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
Mr. Zen
7 months ago
E-mail from Rob Provost CEO :::
Robert Provost
to me
Hi*****
We have an exciting future planned.
The Serial 1 acquisition was complex as the transaction is significant for the multiple parties involved and why it took so long to close. There continues to be a lot of movement behind the scenes, ..........................
As some of you may know I hold about 9% of the public float of this company and more importantly I have signed a non disclosure agreement with the company so what I can say is limited. I can say that I have no intention of selling any shares at this price range, I have full faith in the company direction and it will become clear hopefully fairly soon. The exact timeline is unknown (to me) but should become obvious soon.
Market Cap 4,196,724 01/30/2024
Authorized Shares 750,000,000 01/29/2024
Outstanding Shares 8,395,128 01/29/2024
Restricted 7,317,781 01/29/2024
Unrestricted 1,077,347 01/29/2024
Held at DTC 475,526 01/29/2024
Float 502,592 11/30/2022
Mr. Zen
8 months ago
Life Electric Vehicles Holdings, Inc. Announces Acquisition of 40% Equity Interest in LEV ManufacturingAcquisition, Merger, Takeover Announcement | 12/05/2023
DEERFIELD BEACH, FL, December 5, 2023 - Life Electric Vehicles Holdings, Inc. (OTC Pink: LFEV) ("Life EV Nevada") announced on December 5, 2023, that it has completed the previously announced exchange of shares of its capital stock for shares of LEV Manufacturing, Inc. (formerly known as Life Electric Vehicles, Inc.) capital stock pursuant to an amended Share Exchange Agreement. The shares exchanged by LEV Manufacturings shareholders represent approximately 40% of LEV Manufacturings equity.
Under the terms of the amended Share Exchange Agreement, 40% of each class of capital stock of LEV Manufacturing, Inc. (LEV Manufacturing) was exchanged as follows: (i) each share of LEV Manufacturings common stock was exchanged for a five year warrant to purchase thirty-five shares of Life EV Nevada common stock at an exercise price of $.0001 per share, (ii) each share of LEV Manufacturing Class A, B, C, D and E Preferred Stock was exchanged for one (1) share of Life EV Nevada Series C Preferred Stock and (iii) each share of LEV Manufacturings Class FS Preferred Stock was exchanged for one (1) share of Life EV Nevada Series FS Preferred Stock.
A total of 3,500,000 shares of Series C Preferred Stock, 200,000 shares of Series FS Preferred Stock and Warrants to purchase a total of 79,529,555 shares of Life EV Nevada Common Stock were issued to LEV Manufacturing shareholders in the share exchange. Each share of Life EV Nevadas Series C Preferred Stock is convertible into 35 shares of Life EV Nevada Common Stock. Each share of Life EV Nevadas Series FS Preferred Stock is convertible into 350 shares of Life EV Nevada Common Stock.
As a result of the share exchange, LEV Manufacturing is now a 40% owned subsidiary of Life EV Nevada. The shareholders of LEV Manufacturing own shares representing over 90% of the voting power of Life EV Nevada.
About Life Electric Vehicles Holdings, Inc.: Life Electric Vehicles Holdings, Inc. is a Nevada corporation, having completed a reincorporation from New Jersey to Nevada in 2022. The reincorporation was accomplished by the merger of Second Street Capital, Inc., a New Jersey corporation, with and into its wholly owned subsidiary, Life Electric Vehicles Holdings, Inc., a Nevada corporation. As a result of the reincorporation, the issuers name was changed to Life Electric Vehicles Holdings, Inc. and each outstanding share of the common stock of Second Street Capital, Inc. was converted into one share of common stock of Life Electric Vehicles Holdings, Inc. Second Street Capital had previously undergone a change of control in 2021 with Life Electric Vehicles, Inc. having acquired 71.1% of Second Street Capital Inc.'s outstanding common stock.
In 2023, Life Electric Vehicles Holdings, Inc. formed E-Life Distributors, LLC, as a wholly owned subsidiary. E-Life Distributors sells electric vehicles and component parts on a wholesale and retail basis in addition to Private Label manufacturing. E-Life Distributors will market multiple brands of e-bikes, e-trikes, e-scooters, and light EV components with a view towards becoming an industry leader for the American micro-mobility market. E-Life Distributors has recently become an Exclusive Distributor for Life EV, Outlaw, Islander and ProdecoTech and entered an Exclusive Distribution Agreement to sell Serial 1 Cycle Company E-Bikes to the North America Independent Bicycle Dealers channel.
About LEV Manufacturing, Inc.: LEV Manufacturing, Inc. is a Florida based corporation, involved in the design, manufacturing and commercialization of electric vehicles, with a current emphasis on electric bicycles eBikes. Electric bicycles have become the leading selling EV in both the USA and Europe. LEV Manufacturing manufactures its products utilizing a foreign-trade zone process, eliminating duties and tariffs in most cases and allowing for a USA Certificate of Origin. LEV Manufacturing, Inc.s leadership team has vast eMobility manufacturing experience having founded prior the USAs largest eBike manufacturer.
In July 2023, LEV Manufacturing acquired a 91.01% equity and control position in Serial 1 Cycle Company, LLC, a United States based designer and developer of E-Bikes. Serial 1 Cycle Company is an electric bicycle company developed by Harley Davidson. The current Serial 1 bikes are marked: powered by Harley Davidson.