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

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 head office in Stockholm, sales offices in Stockholm and in Palma, Spain, production in Västervik and R&D in Tranås, Sweden.

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

Redeye AB is the Company’s Certified Adviser

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