Inzile’s new main owner is introduced

Referring to the completed transaction announced on October 12, Ragnar Åhgren, Chairman of the Board of Inzile, is delighted to welcome eFashion Championship with its owner Enrique Banuelos as the new main shareholder.

- As the owner of 100% of eFashion Championship I express my sincere gratitude to all the shareholders of Inzile - especially the founder of Inzile Ragnar Åhgren and Board Member Håkan Örtenholm (who introduced us) - who have unanimously supported the creation of the NEW INZILE, as well as to the current board and management team who have all my support, so that with total independence they will develop this company into a global leader within electromobility solutions, says Enrique Banuelos. We will bring new strategic shareholders who provide support and value to Inzile by using our global network to open markets and create opportunities, continues Enrique Banuelos. As the main shareholder of Inzile I will support the strategy and key decisions as well as inspire the organization with the philosophy of my company eFashion Championship, concludes Enrique Banuelos.

 - With the acquisition of 80% of QEV Tech Holdings S.L. Inzile will take a big leap closer to our vision of creating a fossil-free society with our modern transport and service solutions, says Ragnar Åhgren, Chairman of the Board of Inzile. This transaction will imply an incredible boost for Inzile as a company, continues Ragnar Åhgren. Inzile will now incorporate existing market and sales channels for new segments such as resort vehicles and sports cars and Inzile will become the parent company for sales and marketing of electric vehicles, e.g. small cars, last-mile vehicles, buses and special vehicles like our existing Pro4, concludes Ragnar Åhgren.

In November 2021 Inzile will present its new plan for 2022-2024 to all shareholders.    

For further information, please contact:

Klas Åhgren, acting CEO Inzile, klas.ahgren@inzile.com, +46 70 985 58 02

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

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

About Group eFashion Championship PTE. LTD

eFC is owned by the co-founder of ABB Formula E Championship, Mr Enrique Bañuelos de Castro, who provides access to stakeholders in the electromobility market. The eFashion Championship (eFC) is an electric hypercar racing series that partners with the world’s most famous luxury fashion brands. The championship aims to focus on the increased consciousness towards sustainability, in collaboration with the most influential brands and individuals. eFC will also increase the attraction towards electric vehicles among high-net-worth individuals, in turn boosting the development of the electric vehicle industry as a whole.