Zapp EV Secures Increased Commitment of up to $50 million to Accelerate Commercial Rollout of the i300 Electric Urban Motorcycle
ZAPPZapp(ZAPP) GlobeNewswire News Room·2024-07-12 18:30

LONDON, July 12, 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 new standby equity purchase agreement (the “New SEPA”) with an affiliate of Yorkville Advisors Global, LP (the “Investor”). With this increased support, Zapp has secured additional financial resources that may be utilized as needed to expand c ...