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Marti Technologies(MRT) - 2024 H2 - Earnings Call Transcript
2025-04-29 13:32
Marti Technologies (MRT) H2 2024 Earnings Call April 29, 2025 08:30 AM ET Company Participants Cankut Durgun - Co-Founder, President & DirectorOguz Alper Oktem - Founder, CEO & DirectorTheodore O'Neill - CEOSiddharth Havaldar - Senior Associate Conference Call Participants None - AnalystRohit Kulkarni - MD & Senior Research AnalystC.K. Poe Fratt - MD - Equity Research & Senior Transportation Analyst Operator and welcome to Marty Technologies Inc. Full Year twenty twenty four Earnings Conference Call. At thi ...
Gogoro to Announce First Quarter 2025 Financial Results on May 8th at 8 a.m. Eastern Time
Prnewswire· 2025-04-29 11:55
Group 1 - Gogoro Inc. will release its financial results for Q1 2025 on May 8, 2025, before market opening [1] - An earnings webcast will be held at 8:00 a.m. Eastern Time on the same day to discuss financial and business results [2] - An archived version of the webcast will be available for approximately two weeks after the Q&A session [2] Group 2 - Gogoro was founded in 2011 to innovate urban energy solutions and promote sustainable mobility [3] - The company has received multiple accolades, including being recognized by Fortune as a "Change the World 2024" company and by Frost & Sullivan as the "2024 Global Company of the Year for battery swapping for electric two-wheel vehicles" [3] - Gogoro's technology focuses on battery swapping, vehicle design, and advanced cloud services utilizing AI for battery management [3]
Zapp EV Appoints Authorised Reseller in Ireland
Globenewswire· 2025-04-29 11:05
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]
Mysterious financier asks judge to stop Canoo asset sale
TechCrunch· 2025-04-28 20:32
Core Viewpoint - A mysterious investor from London, Charles Garson, is contesting the sale of EV startup Canoo's assets to its CEO, claiming the process was flawed and that his offer of $20 million is significantly better than the CEO's bid of $4 million in cash [1][2]. Group 1: Investor's Offer - Charles Garson offered $20 million for Canoo's assets, which he claims is a "far superior offer" compared to CEO Anthony Aquila's bid of $4 million in cash [2]. - Aquila's bid also includes the cancellation of approximately $11 million in loans owed to his financial firm [2]. - Garson was informed by the bankruptcy trustee that his offer would be considered, and he had until the end of April to finalize details [2][6]. Group 2: Legal Proceedings - Garson's lawyer filed a motion to vacate the sale, asserting that the trustee moved forward with the sale to Aquila without properly considering Garson's offer [2][7]. - Harbinger Motors, an EV trucking startup formed by former Canoo employees, also objected to the sale, but the bankruptcy judge overruled their objection, leading to an appeal [3]. Group 3: Background on Investor - Very little information is available about Garson, who is based in London and involved in real estate investments, serving as a director of Garland Holdings Limited [4]. - The motion to vacate does not clarify Garson's interest in Canoo or whether other investors are involved [5]. Group 4: Sale Process Concerns - The bankruptcy trustee reportedly did not respond to requests for comment regarding the sale process [2]. - Up to eight parties evaluated Canoo's assets prior to the sale, with some concerns raised about foreign ownership related to one of the bidders [8].
VinFast Auto .(VFS) - 2024 Q4 - Earnings Call Transcript
2025-04-24 13:02
VinFast Auto (VFS) Q4 2024 Earnings Call April 24, 2025 08:00 AM ET Company Participants Nhi Nguyen - Investor Relations ManagerLe Thi Thu Thuy - ChairwomanNguyen Thi Lan Anh - CFOGregory Lewis - Managing Director Conference Call Participants Andres Sheppard - AnalystJames McIlree - Senior Equity Research Analyst Operator day, and thank you for standing by. Welcome to the BINFAST Auto Limited Q4 twenty twenty four and Full Year Earnings Call. At this time, all participants are in a listen only mode. After t ...
LOBO Announces Strategic Cooperation in Indonesia's $5 Billion+ EV Market with Green Gold Asia to Accelerate Global Expansion
GlobeNewswire News Room· 2025-04-24 12:40
Company Overview - LOBO is a fast-growing electric mobility manufacturer based in Tianjin, China, focused on high-performance, sustainable vehicles and smart infrastructure solutions [6] - Green Gold Asia (GGA) is a leader in sustainable mobility solutions, founded in 2024 and headquartered in West Jakarta, Indonesia, dedicated to transforming transportation in Southeast Asia [7] Strategic Partnership - LOBO has announced a strategic cooperation with Green Gold Asia to launch a new line of electric bikes and tricycles in Indonesia, marking a significant step in LOBO's global expansion efforts [1][5] - The partnership aims to combine LOBO's innovative product development with GGA's local market expertise to deliver tailored electric vehicles and a reliable charging network [3][4] Market Potential - Indonesia is identified as a promising market for electric mobility, with a population exceeding 270 million and a projected EV market value surpassing $5 billion by 2030, driven by urbanization and a growing middle class [2] - The demand for two- and three-wheel electric vehicles is expected to lead the adoption of electric mobility in the region [2] Financial Expectations - The strategic agreement between LOBO and GGA is expected to generate over $5 million in value in its first year, with a phased rollout planned across key metropolitan areas [3] Environmental Impact - The initiative aims to reduce carbon emissions, alleviate urban congestion, and provide modern transportation options, contributing to sustainable development in Indonesia [4]
LOBO Announces Strategic Cooperation in Indonesia's $5 Billion+ EV Market with Green Gold Asia to Accelerate Global Expansion
Newsfilter· 2025-04-24 12:40
Company Overview - LOBO is a fast-growing electric mobility manufacturer based in Tianjin, China, focused on high-performance, sustainable vehicles and smart infrastructure solutions [6] - Green Gold Asia (GGA) is a leader in sustainable mobility solutions, headquartered in West Jakarta, Indonesia, dedicated to transforming transportation in Southeast Asia [7] Strategic Partnership - LOBO intends to initiate a strategic cooperation with Green Gold Asia to launch a new line of innovative electric bikes and tricycles in Indonesia [1] - The partnership aims to combine LOBO's product innovation with GGA's local market insights to accelerate the adoption of electric mobility [4] Market Potential - Indonesia's electric vehicle market is projected to exceed $5 billion USD by 2030, driven by urbanization and a growing middle class [2] - The demand for two- and three-wheel electric vehicles is expected to lead the market adoption in Indonesia [2] Financial Expectations - The strategic agreement between LOBO and GGA is expected to exceed $5 million USD in value in its first year, with a phased rollout across key metropolitan regions [3] Environmental Impact - The initiative aims to reduce carbon emissions, ease urban congestion, and provide practical transportation options for individuals and families in Indonesia [4] Future Expansion Plans - This partnership is part of LOBO's broader international strategy, with plans for further expansions across Southeast Asia, Latin America, and Africa in the coming year [5]
Cashflow on Wheels, a Multistate FedEx and Amazon DSP Consolidator, Purchases 20 Mullen THREE Class 3s
Globenewswire· 2025-04-21 13:25
Core Viewpoint - Mullen Automotive has secured a significant order from Cashflow on Wheels for 20 all-electric Mullen THREE vehicles, valued at approximately $1.4 million, aimed at enhancing last-mile delivery efficiency for FedEx and Amazon [2][4]. Group 1: Company Overview - Mullen Automotive is an electric vehicle manufacturer based in Southern California, with production facilities in Tunica, Mississippi, and Mishawaka, Indiana [6]. - The company has recently expanded its commercial dealer network to seven dealers across key U.S. markets, enhancing its sales and service capabilities [6]. - Mullen's vehicles, including the Mullen ONE and Mullen THREE, are certified by the California Air Resource Board and EPA, making them available for sale in the U.S. [6]. Group 2: Cashflow on Wheels - Cashflow on Wheels, founded in 2023, is a logistics company focused on last-mile delivery and transportation solutions, primarily for FedEx and Amazon [5]. - The company emphasizes sustainability and efficiency in its operations, aiming to transition traditional fleets to electric vehicles [3][5]. - Cashflow on Wheels has reported savings of over $500 per route per week by testing electric vehicles, which supports its growth strategy [4]. Group 3: Market Trends - The order from Cashflow on Wheels reflects a growing demand for environmentally friendly commercial vehicles, indicating a shift in the logistics industry towards sustainable practices [4]. - The transition to electric vehicles is seen as a way to reduce operational costs and support future expansion for logistics companies [4].
U POWER LIMITED (NASDAQ:UCAR) and ELMO Joint Venture Pioneer Rapid Battery-Swapping Solutions for Portugal's Taxi Sector
Prnewswire· 2025-04-15 11:30
LISBON, Portugal, April 15, 2025 /PRNewswire/ -- U POWER LIMITED, a global leader in green smart energy grid innovation, together with its ELMO joint venture partner ANTRAL, unveiled transformative plans to redefine urban mobility at ANTRAL's 50th Anniversary & XVI Taxi Day, held from April 10 to 13, 2025, at the Lisbon Congress Center. Focused on accelerating Portugal's transition to zero-emission transport, the initiative centers on deploying cutting-edge battery-swapping technology tailored for taxi flee ...
Mullen and Enpower Greentech Inc. Enter Partnership and Supply Agreement to Build EGI's SWIFT Series of Semi Solid-State Batteries
Newsfilter· 2025-04-09 13:10
Core Viewpoint - Mullen Automotive Inc. has signed a Partnership and Supply Agreement with Enpower Greentech Inc. to manufacture and deliver advanced semi solid-state batteries (SSB) for various commercial and industrial applications, marking a significant step in Mullen's strategy to enhance its domestic battery production capabilities [1][2][3]. Group 1: Partnership Details - The agreement focuses on the domestic manufacturing of SWIFT SSB modules and battery packs at Mullen's Battery Center in Fullerton, California, which is equipped with three production lines for lithium-iron-phosphate (LFP) battery modules [2]. - Mullen aims to ramp up its engineering staff to achieve full production and implement this technology by early 2026 [2][5]. - The partnership is expected to reduce supply chain vulnerabilities and mitigate increased costs due to tariffs, aligning with Mullen's vision of providing domestically produced battery solutions [3][4]. Group 2: Battery Technology and Manufacturing - EGI's SWIFT Series SSB Cells utilize advanced silicon-anode-based technology, offering twice the energy density, ultra-fast charging capabilities, and extended cycle life compared to traditional batteries [4]. - EGI plans to start domestic manufacturing of these batteries in late Q3 2025 at its facility in Ann Arbor, Michigan, with plans to expand manufacturing capacity throughout 2026 [4]. - The SWIFT cells have been tested and validated by leading U.S. automotive OEMs and drone manufacturers, indicating strong market acceptance [4]. Group 3: Company Background - Mullen Automotive is focused on building the next generation of commercial electric vehicles (EVs) and operates two vehicle plants in the U.S., with production of commercial vehicles having commenced in August 2023 [8]. - The company has developed a commercial dealer network consisting of seven dealers across key U.S. markets, enhancing its sales and service coverage [8]. - Mullen's acquisition of Bollinger Motors has further strengthened its position in the EV market, with Bollinger's Class 4 electric truck production launched in September 2024 [9].