DGAP-Adhoc: LION E-Mobility AG: LION E-Mobility AG invests in Inboard Technology| Quelle: Dow Jones Newswire Web
DGAP-Ad-hoc: LION E-Mobility AG / Key word(s): Investment/Miscellaneous
LION E-Mobility AG: LION E-Mobility AG invests in Inboard Technology
18-May-2017 / 19:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
LION E-Mobility AG invests 250.000 USD in Inboard Technology Inc..
Information and Explanation of the Issuer to this News:
Inboard Technology is a personal electric vehicle startup from Santa Cruz,
The company has developed a unique electric drivetrain for last-mile
mobility, and positioned itself in the rapidly growing market of rideables
with their first product, the Inboard M1(TM) Electric Skateboard. For the
M1, Inboard was the first to develop custom hub motors engineered directly
into the wheels and a swappable battery into the deck of the skateboard. A
major disadvantage of previous drive trains for rideables was that the
mobile transport device had to be pushed or carried with an empty battery.
Inboard was able to increase user friendliness with its Manta Drive motor
concept, as the skateboard can be moved without additional resistance, even
with an empty battery. In the future, our subsidiary LION Smart GmbH will
cooperate with Inboard Technology in the area of ??battery technology and
battery management systems for last mile mobility. In addition to electric
skateboards, Inboard plans to launch a full range of different form factors
for last-mile transportation. . Cooperation in other areas, has been planned
and initial activities have already been started.
LION E-Mobility AG has therefore decided to make a significant investment
with Inboard Technology Inc.. Furthermore, the management of LION E-Mobility
AG has agreed with Inboard Technology Inc. for continued investment as
Inboard continues to grow.
Through the investment, LION E-Mobility AG is positioning itself in the
fast-growing rideables market with the aim of accelerating the further
spread of its battery management system and the group's services into other
industries and markets.
The cooperation with Inboard clearly advances the expansion of LION
E-Mobility AG into the United States.
Quote Ryan Evans, CEO Inboard Technology Actions Sports Inc.:'Inboard is
thrilled to partner with the German leader in battery technology,
development, and testing. Inboard's partnership with LION enables our Team
to continue to be at the forefront of battery technology and the thought
leader of the exciting new market of Personal Electric Vehicles (P-EV) '
Quote Daniel Quinger, CEO LION-E-Mobility AG: 'The cooperation with Inboard
will help us to position our battery management systems technology in the
field of low voltage battery systems more mobility solutions and also help
us to gain traction in the North American market. The Inboard team and
technology convinced me as an entrepreneur, engineer as well as a
skateboarder. We expect our collaboration will mutually benefit both
18-May-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Company: LION E-Mobility AG
Phone: +41 (0)41 500 54 11
Fax: +41 (0)41 500 54 12
ISIN: CH0132594711, CH0132594711
WKN: A1JG3H , A1JG3H
Listed: Regulated Unofficial Market in Hamburg, Munich (m:access); Open
Market in Frankfurt
End of Announcement DGAP News Service
575497 18-May-2017 CET/CEST
(END) Dow Jones Newswires
May 18, 2017 13:22 ET (17:22 GMT)
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