Inzile engages Carnegie Investment Bank as financial advisor
Inzile is facing great interest in the Pro4 electric truck and follow-up orders from Bring, Picsmart and Tier Mobility have recently been received. Inzile therefore sees good opportunities for growth in 2021. To enable the growth and continued development of vehicles, development of services and increasing of production capacity, the company will need expansion capital. Inzile has therefore engaged Carnegie Investment Bank as financial advisor to review the company's capital structure and evaluate various strategic initiatives.
Inzile's electric truck Pro4 has now also been approved according to the latest version of the EMC * regulations. The requirements are extensive and their fulfillment is an important part of the work towards EU certification. The company's ambition is that the EU approval and certification will be in place during the second half of 2021. As a first step in the international expansion, Inzile plans to establish sales companies in Denmark and Norway during the first quarter of 2021, which does not require EU certification.
Inzile Pro4 is an electric light truck that has been developed with the aim of creating conditions for smart and fossil-free cities. Electric Utility Vehicle (EUV) is a niche segment in the automotive industry that is expected to grow rapidly in the coming years. The customer groups include real estate companies, transport companies and e-retailers that want to eliminate emissions in the cities, as well as municipalities and park administrations.
* EMC = electromagnetic compatibility
For further information, please contact:
Ragnar Åhgren, CEO Inzile, ragnar.ahgren@inzile.com, +46 73 356 89 89
Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04
About Inzile
Inzile is a Swedish tech company creating intelligent electrically powered vehicles as well as modern transport and service solutions for a sustainable community. The company’s vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.
Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia’s foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with headquarters and production facility located in Västervik, R&D in Tranås and marketing office in Stockholm.
FNCA Sweden AB is the Company’s Certified Adviser, +46 8 528 00 399, info@fnca.se.
For further information, please visit: www.inzile.com