ZAPP Overview

U.S. Stock Market Performance: U.S. stocks opened lower with the Dow Jones dropping over 200 points, while the NASDAQ and S&P 500 also experienced declines; energy stocks fell by 2.2% and health care shares slipped slightly by 0.2%.

Company Earnings Highlights: ZIM Integrated Shipping Services reported better-than-expected earnings, while DigiAsia Corp's shares surged 209% after announcing a Bitcoin strategy; in contrast, Damon Inc. saw a significant drop of 62% in its stock price.

Annual Meeting Cancellation: Zapp Electric Vehicles Group Limited has cancelled its annual general meeting scheduled for May 15, 2025, due to a lack of proxies for a quorum and will withdraw proposals from consideration by shareholders.

Company Overview: Zapp EV aims to redefine urban mobility with its high-performance electric two-wheeler, the i300, which offers a direct-to-customer delivery model and at-home support throughout the vehicle ownership lifecycle.

Zapp EV's New Reseller in Ireland: Zapp Electric Vehicles Group Limited has appointed Michael Grant as its first authorized reseller in Ireland, aiming to enhance the sale and support of electric vehicles in the region.

Introduction of the i300: The company is set to launch its high-performance electric two-wheeler, the i300, which combines motorcycle-level performance with user-friendly design, alongside a direct-to-customer delivery and service model.

Zapp EV Receives Approval: Zapp Electric Vehicles Group Limited has obtained type approval from the UK Vehicle Certification Agency, allowing the i300 electric motorcycle to be registered for sale in Great Britain, facilitating its commercial rollout in Europe.

Direct-to-Customer Sales Model: The company plans to enhance customer experience through a direct-to-customer delivery model, where customers can order the i300 online and receive home delivery along with at-home inspection and support services.

Zapp Electric Vehicles Group Announcement: Zapp EV has appointed Green Mopeds Ltd. as its first authorized reseller for the i300 urban electric motorcycle in Great Britain, allowing customers to view and test-ride the vehicle while receiving delivery and after-sales support.

Production and Expansion Plans: Zapp's new micro-factory in Thailand aims to produce up to 21,500 units annually, fulfilling both domestic and international orders, with plans to replicate this model in other high-demand regions like India as they expand their reseller network.

Zapp EV Receives Certification: Zapp Electric Vehicles Group Limited has obtained the European Community Whole Vehicle Type Approval (ECWVTA) for its i300 electric urban motorcycle, allowing it to sell the vehicle across the EU and in countries that recognize this certification, such as India.

Launch Plans and Customer Experience: Following the certification, Zapp EV plans to activate its rollout in Europe by converting existing customer reservations and appointing authorized resellers, while offering a direct-to-customer delivery service for the i300.