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Zapp EV Appoints Authorised Reseller in Ireland

1. Zapp appoints first authorized reseller in Ireland, enhancing distribution. 2. Michael Grant brings 40 years of automotive retail experience to Zapp. 3. Zapp aims to increase electric two-wheeler sales across Europe. 4. The i300, Zapp's debut product, is designed for urban mobility. 5. Zapp offers a direct-to-customer experience with at-home service support.

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FAQ

Why Bullish?

The establishment of a reseller could significantly boost sales and market presence in Ireland, suggesting promising growth potential. Similar expansions in other markets have historically led to improved stock performance for companies in the EV sector.

How important is it?

The announcement aligns with Zapp's growth strategies, indicating positive momentum that could drive investor interest and market confidence, thus affecting stock value positively.

Why Short Term?

The immediate impact will be observed as Zapp begins to sell through the reseller, making an initial contribution to revenue in upcoming quarterly results. Long-term impacts depend on further market penetration and product acceptance.

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TSLABYNDNIO
LONDON, April 29, 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 appointed Michael Grant Zapp Limited as its first authorised reseller in Ireland, based in Dublin. Mr. Michael Grant brings more than 40 years of experience in automotive retail businesses to this newly-formed venture dedicated to the sale and support of electric vehicles. David McIntyre, Chief Operating Officer of Zapp EV, said: “We are excited to start working with our first Irish authorised reseller following recent European homologation via certification from the National Standards Authority in Ireland. Michael Grant has long worked with premium automotive and urban mobility retail brands, and together we will aim to bring more bikes to the road as we scale the business in Europe.”   About Zapp EV Zapp EV (Nasdaq: ZAPP) and its operating subsidiaries are run by a team of experts from the mobility industry, on a mission to redefine the electric two-wheeler segment. Zapp's debut product, the i300, is an urban electric high-performance two-wheeler capable of traditional motorcycle levels of performance in a step-through format, combining ease of use with exhilaration and fun. The i300 is the first in a suite of high-performance electric two-wheelers that Zapp plans to bring to market. Zapp will offer a high-quality direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). Customers ordering the i300 online will have their bikes conveniently delivered to their home by authorised “Zappers,” who will provide at-home inspection, service and support throughout the vehicle ownership lifecycle. Zapp is a registered trademark of Zapp Electric Vehicles Limited in the United Kingdom and other countries. For more information, visit www.zappev.com. Zapp Investor Relations Contact: Mark KobalHead of Investor Relationsir@zappev.com Zapp Media Relations Contact:pr@zappev.com Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (or the “Exchange Act”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “budget,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are not historical facts but rather are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events and results to differ materially from those expressed or implied by the forward-looking statements in this document, including but not limited to various general and specific risks and uncertainties associated with the Company's business and finances in general. Readers should review and carefully consider the risks and uncertainties described in the “Risk Factors” section of Zapp EV's annual report on Form 20-F (File No. 001-41693), which is incorporated herein by reference, and other documents the Company files with or furnishes to the U.S. Securities and Exchange Commission from time to time. These filings identify and address important risks and uncertainties that could cause actual events and results to differ materially from those expressed or implied by the forward-looking statements herein. The forward-looking statements herein represent the Company’s views as of the date of this document. Subsequent events and developments may cause these views to change. Readers are cautioned not to place undue reliance on the forward-looking statements herein, all of which are qualified by the foregoing cautionary statements. Except as required by applicable law, Zapp assumes no obligation and does not intend to update or revise the forward-looking statements herein, whether as a result of new information, future events, or otherwise. Zapp does not give any assurance that it will achieve its expectations. The inclusion of any statement in this document does not constitute an admission by Zapp or any other person that the events or circumstances described in any such statements are material.

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