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Inzile’s application for bankrupcy granted

Inzile AB (publ) (the "Company") communicated earlier today that the Company's board of directors decided to submit an application to the Stockholm District Court to declare the company bankrupt. The bankruptcy application has now been granted. Lawyer Karl Björlin at Cirio Advokatbyrå has been appointed as bankruptcy trustee. For further information, please contact: Juan Carlos Del Rio, CEO Inzile, jcr@inzile.com, +46 76 138 48 82

Inzile files for bankruptcy

The Board of Directors of Inzile AB (Publ) ("Inzile" or the "Company") has today decided to apply to declare the Company bankrupt. The bankruptcy application is scheduled to be filed today, November 7, 2022 with the Stockholm District Court.The reason for filing for bankruptcy is that Inzile has not been able to resolve its strained financial situation. A bridge financing loan of approximately SEK 50 million has become due and the Company does not have the available funds to pay the loan and the accrued supplier invoices. The company has proposed lawyer Karl Björlin at Cirio Advokatbyrå

Inzile wins procurement from Swedish Municipality Ängelholm

Inzile has won a procurement through a second competitive tendering on Swedish Adda’s framework agreement for electric vehicles. The contract concerns four (4) Inzile Pro4 light trucks at a value of SEK 1.25 million for Ängelholm Municipality. The vehicles will be delivered in Q4 2022. With this order Inzile strengthens its market position in the Skåne region, in the south of Sweden. – Winning this procurement shows again that we have an in-demand product with the right features and performance, says Carsten Jörgensen, Nordic Sales Manager at Inzile. We are grateful for the trust and

Inzile has decided on a directed share issue up to approximately SEK 11 million

Inzile AB (publ) has decided on a directed share issue of up to approximately SEK 11 million (USD 1 million) at a subscription price of SEK 7.62 per share, to be concluded during the next 30 days.The board of Inzile AB (publ) ("Inzile" or the "Company") has decided on a directed new issue that, if fully subscribed and at today’s exchange rate, would result in 1,473,149 shares at a subscription price of 7.62 SEK per share to Mr. Chris Calise, a new investor with a pronounced long-term interest in the Company (the "Directed New Issue"). Through the Directed New Issue, approximately SEK 11

Strategic Plan for Electric Vehicle Inzile, EVI

Within its Strategic Plan, Inzile has decided to focus all its efforts on the Electric Vehicle Inzile (EVI), while recognizing the excellent work of the Inzile R&D department in Tranås, Sweden with the collaboration of leading technology partners, such as the Swedish T-Engineering, part of Dongfeng Motor Corporation, and other international companies. Now, Inzile, through its subsidiary EVI Mobility (former QEV Tech Holding, 80% owned by Inzile) will complete the EVI platform project with the collaboration of QEV Technologies (Barcelona) for the future homologation of the vehicle for

Development Update on Inzile’s new EVI Multipurpose Platform

Inzile’s multipurpose platform (EVI) revolutionizes the way we ship and produce electric vehicles. All essential technology is embedded in the platform, which has a significant impact on the possible customization of vehicles. Inzile can now proudly present the first images of our new vehicle designed for Hotels & Resorts. We have now reached the final development phase and, going forward, we will continuously inform about the major steps we take. Inzile will offer three different types of configurations for the Hotels & Resort market: Passenger transportation, Cargo and Green

Juan Carlos Del Rio takes over as CEO of Inzile

Board Member Mr. Juan Carlos Del Rio takes over as CEO of Inzile with immediate effect. Mr. Juan Carlos Del Rio has an international background with a broad and thorough experience from the US financial markets. His main mission will be to expand the international activity of the Inzile group, with a special focus on QEV Tech Holding, which will be renamed EVI Mobility. Mr. Juan Carlos del Rio will remain Member of the Board.   EVI Mobility is going to develop a new facility for the production, assembly and marketing of the  EVI vehicle, Inzile's new platform, which will be

Update on Inzile’s Capital Raising Process

Due to changes inte the financial climate affecting capital markets during the second and third quarter of 2022, Inzile AB (publ) is updating its process for its capital raising. Inzile therefore updates its capital increase direct share issue to a total of MSEK 100, at a price per share of SEK 15. The purpose of the capital increase is to support the company’s current and developing financial needs incurred by investment into R&D, the need to accommodate current and foreseeable orders from customers and the forecasted growth of the demand for the EVI platform. The direct share

Inzile’s Business Model - Vehicle as a Service

Inzile’s ambition from start has been to apply a business model called Vehicle as a Service (VaaS). This was confirmed in the company’s Strategic Plan that was published in June this year. VaaS means that vehicles are sold as a subscription, in some cases through a third part finance company, and in some cases directly by Inzile. In both cases Inzile is responsible for the entire product life cycle. This subscription model is in line with Inzile’s vision to offer vehicles in a circular way. The goal is to reuse as many components as possible and to make sure that the lifetime of each

Inzile introduces new EVI Multipurpose Platform, Identity and Website

Inzile started with a clear and simple purpose - to change the work vehicle sector. The company’s first product was an electric light truck for transport services in city centers and surrounding areas. With the new EVI (Electric Vehicle Innovation) multipurpose platform we aim to change mobility as a whole. A platform for change – from the ground and up The multipurpose platform (EVI) revolutionizes the way we ship and produce electric vehicles. All essential technology is embedded in the platform, which has a huge impact on the possible customization of future vehicles. The main

Inzile AB (publ) Interim Report January 1 - June 30, 2022

First six months 2022 in brief · Order regarding installation of assembly factory in the Dominican Republic received from Pinero  · Order of 33 hotel & resort vehicles received from Pinero   · Order of 21 light trucks received from Tier Mobility in Finland and Norway · Record-breaking order of 900 hotel & resort vehicles received from Emos Caribbean · Måns Sjöstedt appointed CEO and Yago Mendez resigned · Enrique Banuelos, Gloria Banuelos and Juan Carlos Del Rio elected members of the Board · Ragnar Åhgren, Måns Sjöstedt, Yago Mendez and Rafael Escanez resigned from

Enrique Banuelos appointed new Executive Chairman of Inzile

Present Board member Enrique Banuelos has been appointed Executive Chairman of the Bord of Directors of Inzile AB (publ). Former Chairman Håkan Örtenholm has left the board on his own request. We would like to thank Håkan Örtenholm for his dedication and leadership of the Board of Directors during his tenure.  For further information, please contact: Måns Sjöstedt, CEO Inzile, mans.sjostedt@inzile.com, +46 70 946 69 05 Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

Continued Annual General Meeting on August 18, 2022 in Inzile AB (publ)

At the Continued Annual General Meeting on August 18, 2022, in Inzile AB (publ), the following decisions were made: · The Annual General Meeting resolved to re-elect Håkan Örtenholm, Leif Lindqvist, Enrique Bañuelos, Gloria Bañuelos and Juan Carlos Del Rio as board members. The Annual General Meeting resolved to re-elect Håkan Örtenholm as Chairman.  · The Annual General Meeting resolved to elect the registered auditing company Moore Allegretto AB as the Company’s auditor. Lars Erik Engberg will be auditor in charge.  It was noted that all decisions were unanimous. For

Notice of continued general meeting of Inzile AB (publ)

The shareholders of Inzile AB (publ), 556907-0070, (the "Company") are hereby given notice to attend the continued general meeting on Thursday 18 August 2022 at 10 am at Urban Escape Building, Malmskillnadsgatan 32 in Stockholm. At the annual general meeting on June 21, 2022, owners of at least one-tenth of all shares in the company requested that a decision on the election of the board and auditor should be reserved for a continuing general meeting. Registration etc. Shareholders who wish to attend the meeting shall · be entered in the share register kept by Euroclear Sweden

Annual General Meeting held in Inzile AB (publ)

At the Annual General Meeting on June 21, 2022 in Inzile AB (publ), the following decisions were made in accordance with the proposals presented in the notice convening the Annual General Meeting, which were held available on the company's website www.inzile.com. The meeting was held by postal voting only. The Annual General Meeting resolved: The Annual General Meeting approved the income statement and balance sheet. The Annual General Meeting resolved that the profit for the year be balanced in a new account and that no dividend be paid. The Annual General Meeting granted the

Record-breaking order for Inzile’s Hotels & Resorts concept

Inzile AB (publ) (Inzile) has received a record-breaking order of 900 Hotels & Resorts vehicles from Emos Caribbean (Emos), a 50/50 joint venture between Inzile and Spanish Pinero Group (Pinero). The order value for Inzile exceeds MSEK 180, including services. The 900 vehicles are divided into 400 passenger, 400 cargo and 100 trailer models. The order regards Inzile’s new electric platform concept for the Hotels & Resorts sector in the Caribbean market. The order value for Inzile of more than MSEK 180 reflects supply of all parts for the vehicles to the assembly factory in the Dominican

Inzile's Strategic Plan 2022-2024 Published

Below you find the link to Inzile Group's Strategic Plan for the period 2022-2024, now publlished at the company’s website. https://inzile.com/investerare/presentation/ The following key elements are central in the Strategic Plan: · New multipurpose EVI platform to be launched in Q4 2022(EVI Hotels & Resorts and Last Mile)  · New factories will be started globally in 2023   · Projection of number of planned produced units  · Timeline and plans for Hyper cars(EV Fashion Championship)  · New graphic profile and identity for global expansion For further

Auditors’ Report Inzile Financial Year 2021 Published

Inzile AB (publ) has now published the English translation of the Auditor’s Report for financial year 2021, that was published in Swedish on May 31, 2022. For further information, please contact: Måns Sjöstedt, CEO Inzile, mans.sjostedt@inzile.com, +46 70 946 69 05 Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04 This information is such that Inzile AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation (MAR). The information was provided by the above contact persons, for publication on June 3, 2022 at 12.00 CET.

Change in Financial Calendar

Inzile AB (publ) hereby announces a change in its financial calendar. The company will not publish a financial interim report for the first quarter of 2022. Next interim report, for the first six months of 2022, will be published on August 31, 2022. The reason for this change in the company's financial calendar is that the consolidation of the newly established group as well as the auditing process of the financial year 2021 were very complex and thereby time consuming, due to Inzile's acquisition of 80% of Spanish QEV Tech Holdings SL. For further information, please contact:

Inzile receives order of 21 trucks from Tier Mobility in Finland and Norway

Swedish electric vehicle company Inzile has received an order of 21 light trucks from Tier Mobility’s operations in Finland and Norway.The contract includes 16 Inzile Pro4 electric light trucks to Finland and 5 of the same to Norway. The trucks will be delivered by the end of June 2022. · We are grateful for the trust and look forward to contributing to Tier in their efforts to change mobility for good, says Carsten Jörgensen, Nordic Sales Manager at Inzile.  · We are happy to continue our successful journey with Inziles as our partner, comments Rawaz Salh, Fleet Manager at Tier

Inzile wins procurement from Swedish Municipality Örebro

Inzile has won a procurement through a second competitive tendering on Swedish Adda's framework agreement for electric vehicles. The contract concerns 3 Inzile Pro4 light trucks at a value of SEK 0.9 million for Örebro Municipality. The vehicles will be delivered in April 2022 to the Technical Department of Örebro Municipality. With this order Inzile strengthens its market position in the regions Örebro and Mälardalen in central Sweden. - The fact that we are now winning this procurement shows that we have an in-demand product with the right features and performance, says Carsten

Inzile AB (publ) Year-end Report Jan 1 - Dec 31, 2021

Fourth quarter 2021 in brief • 80% of Spanish QEV Tech Holdings was acquired • eFashion Championship became principal shareholder of Inzile • Order from Pinero Group worth SEK 22 million was received • Agreement with UNWTO, World Tourism Organization, was signed • British and German investors became strategic shareholders Inzile Group Fourth quarter 2021 in numbers • Net sales amounted to MSEK 2.9 (0.0) • Operating profit (EBIT) amounted to MSEK -36.9 (0.0)  • Result for the period amounted to MSEK -37.7 (0.0) • Earnings per share, before and after dilution,

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