Core Insights - Zapp Electric Vehicles Group Limited has appointed Michael Grant as its first authorized reseller in Ireland, marking a significant step in its commercial rollout in Europe [1][2] - The company aims to enhance its presence in the electric two-wheeler market with its debut product, the i300, which combines high performance with user-friendly features [2] Company Developments - The i300 has received European homologation certification from the National Standards Authority in Ireland, allowing Zapp to expand its operations [2] - Michael Grant brings over 40 years of experience in automotive retail, which will support Zapp's strategy to increase sales and support for electric vehicles in Ireland [1][2] Product Offering - The i300 is designed as a high-performance urban electric motorcycle, capable of delivering traditional motorcycle performance in a step-through format [2] - Zapp plans to implement a direct-to-customer sales model, where customers can order the i300 online and receive home delivery along with at-home inspection and service [2]

Follows prior EU certification and now enables Zapp to sell at scale across all key markets in EuropeLONDON, April 14, 2025 (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 received the required type approval from the Vehicle Certification Agency in the United Kingdom confirming that i300s produced in conformity with the previous ...

Core Insights - Zapp Electric Vehicles Group Limited has appointed Green Mopeds Ltd. as its first authorized reseller for the i300 electric motorcycle in Great Britain, aiming to enhance urban mobility with eco-friendly solutions [1][4] Group 1: Company Overview - Zapp EV is focused on redefining the electric two-wheeler segment, with its debut product, the i300, designed to offer high-performance levels akin to traditional motorcycles in a step-through format [5] - The i300 is part of a planned suite of high-performance electric two-wheelers that Zapp intends to introduce to the market [5] Group 2: Strategic Developments - The i300 will be displayed at Green Mopeds' West London location, where customers can arrange test rides and receive delivery and after-sales support through Zapp's premium service model [2] - Zapp's micro-factory in the Bangkok Free Trade Zone has the capacity to produce up to 21,500 units annually, fulfilling both domestic and international orders [3] Group 3: Partnerships and Goals - The partnership with Green Mopeds aligns with Zapp's mission to improve urban mobility and promote 100% electric solutions [4] - Zapp plans to replicate its micro-factory model in regions with high demand for two-wheelers, including India, as it expands its reseller network [3]

Core Points - Zapp Electric Vehicles Group Limited has received the European Community Whole Vehicle Type Approval (ECWVTA) for its i300 electric urban motorcycle, allowing sales throughout the EU and in countries recognizing EU certification, including India [1][2][3] - The ECWVTA certification ensures compliance with high standards for vehicle safety, production conformity, environmental protection, and energy efficiency, making it a reference for vehicle regulations in several countries [2] - The company plans to import up to 2,500 units of the i300 per year to India from its Thailand micro-factory, marking a significant step in its international expansion strategy [3] - Zapp EV aims to convert existing customer reservations into sales and will appoint authorized resellers while developing a network for delivery, service, and after-sales support [3] - The i300 is positioned as a high-performance electric two-wheeler that combines traditional motorcycle performance with ease of use, targeting the urban mobility market [4]

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Core Viewpoint - Zapp Electric Vehicles Group Limited has made significant operational advancements, positioning itself to scale production of its i300 electric vehicle as it enters key urban markets, particularly in Southeast Asia, Europe, and India [1][5]. Recent Developments - The company has successfully configured and opened a micro-factory in Thailand, capable of producing up to 21,500 units annually for both domestic and export markets [7]. - The i300 has received nine design awards, including the prestigious iF DESIGN AWARD and the Red Dot Award, validating its market readiness [5][7]. - Zapp has completed homologation for the i300 in Thailand and is in the process of obtaining type approval in Europe, with plans for a commercial rollout upon receipt [7]. Operational Highlights - The commercial rollout of the i300 in Thailand employs an omni-channel strategy, including direct sales and a unique delivery model [7]. - The company has optimized its manufacturing processes, allowing for rapid scaling to meet demand in various markets [5][7]. 2024 Financial Results - Zapp reported a net loss of $9.0 million for the fiscal year ending September 30, 2024, a significant reduction from a loss of $222.1 million in the previous year [7][16]. - Operating loss decreased to $6.2 million from $7.8 million year-over-year, indicating improved operational efficiency [7][16]. - Net cash used in operating activities was $4.9 million, down from $6.5 million in 2023, reflecting better cash management [7][18]. Financial Position - As of September 30, 2024, Zapp had cash and cash equivalents of $1.57 million, an increase from $823.2 thousand in the previous year [15][18]. - Total assets decreased to $5.40 million from $7.34 million, while total liabilities increased to $27.91 million from $25.78 million [15].

Financial Performance and Projections - The company incurred net losses of $222.1 million for the year ended September 30, 2023, and expects to continue incurring significant expenses and losses in the near and medium term [37]. - The company has trade and other payables totaling $20.7 million as of September 30, 2024, and anticipates increased operating cash outflows during 2025 compared to 2024 [40]. - The company has commenced a small number of customer deliveries in 2024 but expects cash flows from operating activities to remain insufficient to cover operating expenses and interest payments [40]. - The company may need to secure additional external sources of capital to fund operations, including through debt or equity financing transactions, which may not be available on commercially reasonable terms [41]. - The company expects to incur significant research and development costs, which may reduce profitability without immediate revenue generation [83]. - Financial results may vary significantly due to fluctuations in operating costs and product demand, complicating revenue forecasting [91]. - The company may experience difficulties in obtaining necessary licenses and approvals for its operations, which could adversely affect its business prospects [128]. - The company does not expect to pay dividends in the foreseeable future, as it plans to retain available funds for business development and growth [207]. Market and Competitive Landscape - The company faces significant competition in the electric powered two-wheel vehicle (EVP2W) market, which may lead to lower vehicle unit sales and downward price pressure [48]. - The company's future growth is highly dependent on consumer adoption of EVP2Ws and battery solutions, which are influenced by various market factors [49]. - The company faces risks related to the potential elimination of government incentives for electric vehicles, which could impact its competitiveness in the market [165]. - The global P2W market was approximately $114 billion in 2023, with sales of EVP2Ws expected to outpace ICEP2Ws due to increasing consumer readiness to transition to electric vehicles [217]. Production and Supply Chain - The company intends to utilize contract manufacturers for vehicle production as it scales, but delays in design, manufacture, and production could harm its business prospects [56]. - The company relies on contract manufacturers for vehicle production, and any failure to maintain these relationships could lead to increased costs and production delays [74]. - The company faces risks related to securing necessary components and managing supplier relationships, which could disrupt the supply chain and impact operations [67]. - The company has entered into a receivables financing arrangement with EXIM to finance exports from Thailand, which can be terminated at any time, posing a risk to production and delivery [66]. - The new micro-factory in Thailand has a capacity to deliver up to 21,500 units per year and can be replicated in other high-demand regions, aiming for a production capacity of 300,000 units by 2026 [218]. Product Development and Innovation - The company intends to expand its product lineup beyond the i300 and introduce new models in other categories, which may require adjustments to strategies [62]. - The i300 electric motorcycle consists of less than 150 component parts and requires only 105 assembly steps, significantly simplifying the manufacturing process compared to competitors [219]. - The i300 features acceleration from 0 to 30 mph in 2.3 seconds and 0 to 50 mph in 5.0 seconds, positioning it as a premium product in the market [223]. - Each i300 comes with two portable battery packs that can be charged in less than an hour using standard wall sockets, alleviating range anxiety for consumers [224][225]. - The i300 has won nine international design awards, highlighting its innovative design and performance attributes [222]. Customer Engagement and Distribution - The company plans to enhance customer experience through a drop-ship-direct-to-customers (DSDTC) model, ensuring seamless delivery and maintenance services [228]. - A full-stack e-commerce platform will streamline order processing and enhance customer interaction, integrating various partners for a cohesive experience [230]. - The company intends to provide training and programs to retail partners to assist in selling its products, but there is no assurance of success in creating demand [76]. - The company emphasizes the importance of building strong relationships with retail partners to enhance brand recognition and customer acquisition [78]. - Deliveries and after-sale services will primarily be conducted through independent service agents called "Zappers," which may face challenges due to lack of experience in servicing vehicles [107]. Regulatory and Compliance Risks - The company is subject to anti-corruption and anti-bribery laws, and noncompliance could lead to significant penalties and reputational harm [124]. - The company must comply with economic and trade sanctions laws, and failure to do so may result in severe penalties and reputational damage [125]. - The evolving regulatory framework for data privacy may require costly modifications to services and expose the company to legal claims [105]. - Compliance with evolving data protection laws, such as GDPR, may impose additional regulatory obligations and costs on the company [95]. - The company may incur significant expenses to comply with privacy and security standards imposed by laws and regulations [104]. Financial and Operational Risks - The company has identified a material weakness in its internal control over financial reporting, which could lead to misstatements and loss of investor confidence [135]. - The company is at risk of losing competitiveness if it fails to keep up with rapid technological changes in the EV industry and alternative fuel sources [109]. - The company may face significant product liability claims, which could adversely affect its financial condition and liquidity [121]. - A substantial increase in interest rates or tightening of credit availability could negatively impact vehicle sales and the company's financial results [117]. - The company operates in multiple jurisdictions and is exposed to fluctuations in foreign currency exchange rates, which could adversely affect its financial results reported in U.S. dollars [167]. Corporate Governance and Shareholder Matters - The company has received a notification from Nasdaq indicating non-compliance with the minimum market value of listed securities requirement of $35 million, which must be met for at least 10 consecutive business days during the compliance period ending March 31, 2025 [168]. - If the company fails to regain compliance, it may face delisting from Nasdaq, which could negatively impact its ability to raise capital and the market price of its shares [169]. - The company is classified as an "emerging growth company," allowing it to take advantage of reduced SEC reporting requirements, which may affect investor attractiveness [179]. - The company is required to file an annual report on Form 20-F within four months of the fiscal year-end, but the information provided is less extensive compared to U.S. domestic issuers [184]. - As of January 28, 2025, directors and executive officers beneficially own approximately 21.0% of the issued and outstanding Ordinary Shares, allowing them significant control over shareholder decisions [203].

Core Points - Zapp Electric Vehicles Group Limited is set to report its financial results for the fiscal year 2024 on January 31, 2025, before U.S. market hours [1] - A shareholder and analyst conference call will be held on February 4, 2025, at 8:00 EST / 13:00 GMT, where participants can register in advance [2][3] Company Overview - Zapp EV aims to redefine the electric two-wheeler segment with its debut product, the i300, which combines high performance with ease of use in an urban setting [4] - The i300 will be delivered directly to customers' homes through a drop-ship-direct-to-customer model, with authorized personnel providing at-home inspection and support [4]

Core Viewpoint - Zapp Electric Vehicles Group Limited has successfully opened a new microfactory in the Bangkok Free Trade Zone, showcasing its innovative and sustainable production capabilities, which can be rapidly replicated in other locations to meet global demand for electric two-wheelers [1][3]. Group 1: Microfactory Details - The new microfactory spans 12,000 square feet and is capable of producing up to 20,000 units annually, utilizing Zapp's proprietary manufacturing innovations [2]. - The facility was completed in less than three months, ahead of schedule, confirming Zapp's ability to scale production quickly [3][4]. Group 2: Strategic Implications - The Bangkok microfactory will serve both domestic orders in Thailand and international exports to key markets in Southeast Asia and Europe, with potential for similar setups in regions with high demand, such as the Indian subcontinent and South America [3]. - Zapp's CEO emphasized the importance of this facility as a template for future locations, enabling rapid scaling to meet increasing demand for electric two-wheelers [4]. Group 3: Company Overview - Zapp EV aims to redefine the electric two-wheeler segment with its debut product, the i300, which combines high performance with user-friendly design [5]. - The company plans to offer a direct-to-customer experience, ensuring convenient delivery and ongoing support for customers [5].

Core Insights - Zapp Electric Vehicles Group Limited has entered into a turnkey engineering, procurement, and construction agreement with AIH Group to establish a low-cost manufacturing reference site in the Bangkok Free Trade Zone, covering 100 acres with 220,000 square meters of manufacturing capacity, expected to be completed by early 2025 [1][2] - The new site will serve as a model for Zapp to create additional proprietary manufacturing facilities globally, each capable of producing up to 20,000 units annually in regions with significant sales growth potential [1][2] Company Overview - Zapp EV aims to redefine the electric two-wheeler segment with its debut product, the i300, which combines high performance with ease of use in an urban setting [4] - The i300 will be sold through a direct-to-customer model, where customers can order online and receive their bikes delivered to their homes by authorized personnel, ensuring a high-quality customer experience [4] Strategic Partnerships - The collaboration with AIH Group brings valuable expertise in contract manufacturing, enhancing Zapp's ability to scale operations and meet its business goals [2][3] - AIH Group has a strong background in working with leading automotive brands, which will support Zapp in accelerating its production and operational plans [3]