Zapp ev secures commitment of up to $10 million to start production and commercial rollout of the i300 electric urban motorcycle

London, feb. 13, 2024 (globe newswire) -- zapp electric vehicles group limited (nasdaq: zapp) (“zapp ev” or the “company”), owner of “zapp”, the british electric vehicle brand on a mission to revolutionise personal urban mobility, today announced it has entered into a standby equity purchase agreement (the “sepa”) with an affiliate of yorkville advisors global, lp (the “investor”). zapp ev will use proceeds from the transaction primarily to start the production and commercial rollout of the i300, the brand's high-performance electric urban motorcycle.
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