Inzile has raised mid-term financing capital of MSEK 45

Electric vehicle company Inzile AB (publ) (“Inzile”) has today finalized the process of raising MSEK 45 in mid-term financing. In part this financing is a credit from main owner eFashion Championship, and in part it is a bridge loan from an external party, both on market terms. The bridge loan will be available as of November 23, 2021, while the credit will be available when Inzile calls for it.

The financing will be used for Inzile’s working capital need during the coming six months’ period. Hence Inzile’s business development during this period will continue at high speed, focusing primarily on product development and international expansion of sales.

 - We are very satisfied with this financing solution, enabling us to continue our quick expansion according to our new strategy and ambitious plans, comments Ragnar Åhgren, Chairman of the Board of Inzile.

For further information, please contact:

Ragnar Åhgren, Chariman of the Board Inzile, ragnar.ahgren@inzile.com, +46 73 356 89 89

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 November 20, 2021 at 21.30 CET.

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating 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.

The company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company’s Certified Adviser, +46 8 121 57 690, certifiedadviser@redeye.se.

For further information, please visit: www.inzile.com