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Life Electric Vehicles Holdings Inc (PK)

Life Electric Vehicles Holdings Inc (PK) (LFEV)

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LFEV News

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Mr. Zen Mr. Zen 2 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
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Jake3935 Jake3935 2 months ago
Nothing in the last month. No news. No volume. Not sure what is going on with this one. I would have thought adding Serial 1 to the portfolio would have generated more excitement and messaging from the company.
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Mr. Zen Mr. Zen 3 months ago
$LFEV love these low float startups, they catch on easily and the product has the perfect timing. US made electric mobility.

float 500,000 market cap $5 million
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Jake3935 Jake3935 3 months ago
Looks like they now have an arrangement with Investor Brand Network (IBN) to promote the company. It looks like IBN was the source of the Tech Mediawire article. Nice to see some movement. Hopefully this trend accelerates. As we hear more the $.65 per share to move up over $1.00 or more.
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aljafy aljafy 3 months ago
Nice, so it appears RP has finally started promoting the ticker.
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Mr. Zen Mr. Zen 3 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.
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Mr. Zen Mr. Zen 3 months ago
Well without volume it could get fickle, all signs point upward so far.
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Mr. Zen Mr. Zen 3 months ago
$LFEV +.377 first half hour, here we go
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Jake3935 Jake3935 3 months ago
Thanks for the update Mr. Zen! I'm still very bullish on this one.
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Mr. Zen Mr. Zen 3 months ago
Just got an email from Rob Provost (CEO) and he is extremely optimistic of the future, we discussed the lack of current volume and he wants to get all the ducks in the same pond before any aggressive announcements.
He did say that we have a strong balance sheet post the share exchange due to the valuation of the exchange, and that will lead to some future events that I wish I could discuss but would be best for him to release that information.

I am not worried about my investment here at all, and I hold just under 10% of the float. It should be an amazing spring.
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Jake3935 Jake3935 4 months ago
Does anybody have an update on LFEV? Seems like we should have heard more news by now. I'm still very bullish!
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fink fink 4 months ago
I've set 3 seperate low alerts to get me to look in to maybe take another bite.
All have gone off the past 60 days..

Sell shares, pay off what the shell cost you?

Hydrogen doesn't have an infrastructure. It's a long way off. Industry is the only way to integrate it, but EV is a safer and cheaper way for industry today. And I mean forklift and tugs, some construction. Plus the shit blows up pretty impressive compared to all other fuels.,
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Mr. Zen Mr. Zen 4 months ago
I can't wait until LFEV starts telling it's story, should be a good solid long term performer.

As far as RONN goes, my unofficial opinion is some of the backers are in a dumpfest, and I think it is the lawyer and BOD John Morgan that brought the company public and has about 25 million shares. no way it should be at this price with Held at DTC 28,750,017 this one has an odor I cannot describe right now so just holding my position for a better day.
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fink fink 4 months ago
Float!

It's one of the best on the OTC behind TRRI
Equally as quiet.
I'll learn to proof read one day.

Any opinions on RONN? Old Sunergy shell, LPHM. I like the technology. It's not ancient old like EV.

Till EV comes up with the Graphene battery pipe dream, it's just old technology. Just as dirty for the Earth.,
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Mr. Zen Mr. Zen 4 months ago
crazy gloat?

I am due for a phone call with Robert but we just have not had time to connect.
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fink fink 4 months ago
How's this crazy gloat doing?
What's the next event?
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Jake3935 Jake3935 4 months ago
That's good to hear! Thanks for responding Mr. Zen.
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Mr. Zen Mr. Zen 4 months ago
We may be communicating either this week or next, he seems optimistic when he returned my email, but I should know soon.
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Jake3935 Jake3935 4 months ago
I have to admit, waiting for this company to do anything to the benefit of the shareholder is becoming excrutiatingly frustrating. Mr. Zen, did you get any idea from Rob Provost when they will start communicating what they have to the markets?
Still BULLISH!
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Eoin Eoin 5 months ago
Mr Zen. Thank you. I will stay out of the zoo.
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Mr. Zen Mr. Zen 5 months ago
You could try stocktwits.com, but that is a zoo of children. Basically it is an unknown company and right now the OTC is not in favor.

This company just needs some awareness in the market place, the sector is ideal and the public float is very small.
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Eoin Eoin 5 months ago
Is there any other boards where people might be posting about LFEV?
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Jake3935 Jake3935 5 months ago
Thanks for the update Mr. Zen! I also have an NDA and have information I can't share. For sure I'm BULLISH! I wish they would start sharing more of the plan to the public market as I believe they will need some momentum to leverage LFEV's ability to raise capital for growth.
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Mr. Zen Mr. Zen 5 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
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Eoin Eoin 5 months ago
Thank you very much for that link. Still very quite!
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Mr. Zen Mr. Zen 5 months ago
https://www.otcmarkets.com/stock/LFEV/disclosure
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Eoin Eoin 5 months ago
Where do I go to see the filings?
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Mr. Zen Mr. Zen 6 months ago
Everything seems rosy on the surface but without addressing the market this company will go nowhere.

He is selling friends and family shares at $20k a pop, (see filings) with a two year hold works out to .16$ a share, I passed on that deal.

This is new to me to do white label manufacturing for several companies that want to move their production from Taiwan and other Asian countries. a very positive feature and something to look forward to.

CEO is overworked yes, but the people that I introduced him to have yet to get started, not a lot of faith near term, and investors that do not see returns move on.

Undervalued yes, down 50% of where he went public and has increased value in the company, still no Investor Relations department and even the phone system has gone back to a basic answering machine.

Not as bullish as I once was.
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Jake3935 Jake3935 6 months ago
I'm still really BULLISH on this company. What they accomplished last year will position them for significant growth in 2024 and the future. LFEV now owns 40% of LEV manufacturing which owns 91% of Serial 1 (formerly HD's ebike company). LEV is positioned to do white label manufacturing for several companies that want to move their production from Taiwan and other Asian countries. They have a retail arm called Sierra ebike and have setup several global distribution agreements.
With all that said, this is trading on the OTC pink and needs to be uplisted to OTCQB or QX. I believe this in process.
I'm not sure why they aren't raising capital in the public market yet. It might have something to do with mechanics of uplisting and registering stock, not sure.
I think the CEO is a very smart operator and has always followed thru on what he has said he would do. However, he has been stretched too thin and needs more fire power in leadership positions that can execute the plan. I hope he is putting that in place now. On the plus side I don't think he has overdone it like many VC's have done and hired too many people and spent investor funds lavishly.
. It's way undervalued compared to Livewire and if you look at Livewire they have a significantly negative EBITDA.
This will play out very positively for those that are patient. Patience is still really hard for me.
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splintered sunlight splintered sunlight 6 months ago
Gotcha

Thanks

I hope this one works out for you. I own a small amount, so it won't make a difference for me.
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Mr. Zen Mr. Zen 6 months ago
I have no clue on this one any more, it has everything going for it yet the CEO does not want to face the market, instead he is selling preferred lots at $20k each, yea it is a two year hold but it works out to .16$ a share. If he just addressed the market properly he would be a $5.00 stock with a following.

Makes no sense with this guy, either naive or a shyster, not sure which but loosing faith quickly
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splintered sunlight splintered sunlight 6 months ago
Spread now $.3501 x $.4999
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splintered sunlight splintered sunlight 6 months ago
100 shares traded here today - it's a start...
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Eoin Eoin 6 months ago
Why is it so quite here?
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Mr. Zen Mr. Zen 6 months ago
Interesting

Stockholders' Surplus ........................................ $ 3,802,203
Market cap...............................................................$4,625,716

Cash on hand almost equals market cap...............can you say undervalued?
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Eoin Eoin 6 months ago
Just have to be patience, I guess.
I am bullish also!
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Jake3935 Jake3935 6 months ago
I've been following this company for 4 years, prior to the time they acquired CTON and changed the company to LFEV. Communication from the company (Rob) has always been slower than I would like, however it's very deliberate. Here's what I think will happen over the next couple of months; 1) They will complete all the mechanics of owning 40% of LEV Mfg. via the share exchange. 2) They will need to raise more capital from the capital markets for growth, i.e. via LFEV. 3) They will aggressively ramp up manufacturing of Serial 1 and other brands. Especially given they just started a new fiscal year and will want to clearly demonstrate growth. 4) As a result of these things, they will need to start actively communicating in the public realm. Otherwise, they can't grow and sell.
I will be looking for evidence Rob P is putting an executive team in place that can help execute the plan. Still concerned that Rob is doing "everything" and is the bottleneck.
I'm still VERY bullish!
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Mr. Zen Mr. Zen 6 months ago
It's quiet here because the company is quiet, they are not addressing the market at all, they just bought out Harley Davidson electric bike company and did not even put it on the wires, just an 8-k that only OTC markets picked up.

This is a good company and is growing however I would like to choke the living chit out of that CEO for being so quiet... I am done communicating with Rob Provost, if anyone wants to give him a call please feel free.
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Eoin Eoin 6 months ago
It's been a week since I've seen anything new posted.
Why is it so quite here?
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aljafy aljafy 6 months ago
Honest business for sure. Not your typical OTC co.
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Jake3935 Jake3935 6 months ago
Mr. Zen,
I'm not sure, but I don't think your share count will change.
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Mr. Zen Mr. Zen 6 months ago
Yea it all seems good but what about the 40,000 shares of LFEV I have what do they convert into, still unclear on that issue.

Rob Provost is building an honest business here so no doubt it will grow quickly.
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Jake3935 Jake3935 6 months ago
Here's what I know.
This will add stock to LFEV in the form of Preferred C shares and Warrants that convert to common.
The preferred share count is 3.5M shares that is convertible to LFEV common at 1 to 35.
The preferred shares are restricted. Some of the restricted may be tradeable soon, but I don't think we will see a significant increase in float in the near term.
So, 40% of the Value LEV manufacturing, which is primarily Serial 1, will now attribute to LFEV as a 40% owner.
This takes LFEV from basically a shell to real company.
Based on the previous press release from LEV I believe they have major expansion plans. Not sure how the financials will flow as I believe much of the growth beyond Serial 1 will flow through LFEV. Hopefully we hear more from the company soon. Given the expansion plans I believe they will need to raise more capital and the best vehicle to do that will be the LFEV the public company.
Should start getting exciting!
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Mr. Zen Mr. Zen 6 months ago
YEAH!! Thank you Jake3935, that is great news, do not know how i missed it , it was not on the wires and even I-hub news Bot did not pick it up, but it ids now official.

OK so tell me, I can't understand what that means to current investors. I have 40,000 shares of LFEV what does that now become? Reverse merger terms are not my strong point.. thanks for your input.
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Mr. Zen Mr. Zen 6 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.
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Jake3935 Jake3935 6 months ago
Mr. Zen, thank you for the input.
Looks like the Share Exchange has happened and LFEV now has a 40% stake in LEV manufacturing which just acquired Harley Davidson's ebike company (Serial 1). See the disclosure under LFEV in the OTC Market.
https://www.otcmarkets.com/stock/LFEV/news/Life-Electric-Vehicles-Holdings-Inc-Announces-Acquisition-of-40-Equity-Interest-in-LEV-Manufacturing?id=423781
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Eoin Eoin 7 months ago
Thank you so much for your input and for introducing him to an organization you are familiar with that works with NASDAQ companies and they seem to be building a relationship. That is very nice of you.
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Mr. Zen Mr. Zen 7 months ago
My biggest concern is whether they have the leadership capacity and skills at the executive level to execute and communicate their plan.

I have talked to the CEO Rob Provost several times and I think he is a doer rather than an overseer, he works 6 days a week and his schedule is backed up several days, there is now an investor relations number (ext 3) however I have not gotten a clear picture of their scope of work. I did introduce him to an organization I am familiar with that works with NASDAQ companies and they seem to be building a relationship however not sure where it is going.

You may have hit it on the head with your comment ' expect the share exchange to happen soon.' I would think all the ducks would have to be swimming in the same pond, lets see what happens.... the new factory that Rob bought has a much larger office square footage so obviously there is a plan...and the Harley Davidson purchase is part of it, beyond that Rob needs to realize that public awareness is a ruthless grab for power to get and hold onto shareholders.
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Jake3935 Jake3935 7 months ago
I agree that the biggest issue with this company right now is transparency and an unwillingness to promote what they have. The recent communication was from LEV manufacturing regarding the acquisition of Serial 1. This acquisition doesn't provide any value to LFEV until the share exchange announced in April is completed. Here's some of the wording from the April announcement " As a result of the share exchange, Life EV Florida (Now LEV) will become a 40% owned subsidiary of Life EV Nevada (LFEV). The shareholders of Life EV Florida will own shares representing over 90% of the voting power of Life EV Nevada"..
Clearly it seems that the company needs to start promoting what they have in order to raise money for growth via the capital markets.
I would expect the share exchange to happen soon and more messaging coming from the company. My biggest concern is whether they have the leadership capacity and skills at the executive level to execute and communicate their plan.
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DRJ69 DRJ69 7 months ago
Well, I am not a nun so at least there was some communication to shareowners. Better than nothing, but yes, I agree the CEO needs to be more proactive in talking and communicating to the public what type of company they are and have and how they are making this company better and the huge potential down the road. Sometimes, CEO's are too passive about what they have and need to promote their own company to the public.
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