StockNews.AI
ZAPP
StockNews.AI
127 days

Zapp EV Completes Homologation of i300 in the United Kingdom

1. Zapp received type approval for i300 sales in Great Britain. 2. This approval allows for larger scale sales in Europe. 3. Zapp expands its sales network beyond initial locations in the UK. 4. Customers will receive direct delivery and service for their i300 bikes. 5. Zapp positions itself to redefine urban mobility with innovative electric bikes.

6m saved
Insight
Article

FAQ

Why Bullish?

The approval to sell i300 in Great Britain opens new revenue streams. Historical precedents like Tesla's regulatory approvals led to significant stock price increases.

How important is it?

The announcement signifies regulatory progress, crucial for market entry and revenue growth. Approval could increase investor interest and consumer confidence.

Why Short Term?

Immediate sales opportunities in the UK could boost revenues quickly. Similar launches in the past have shown quick responses in stock price.

Related Companies

TSLANKLALCID
LONDON, 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 previously announced European Community Whole Vehicle Type Approval can also be registered for sale in Great Britain. Jeremy North, President of Zapp EV, said: “This latest regulatory approval enables Zapp to start selling i300 at scale in Great Britain, marking another important step in our commercial rollout in Europe. We are growing our sales and support network beyond our own experience centre in Bicester Heritage Park in the United Kingdom to include additional authorised resellers throughout the continent. And with this latest achievement now in-hand, we especially look forward to meeting customers and business partners at the upcoming Scramble event at Bicester Motion.” 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. 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.

Related News