Zapp EV Signs MOU With Bounce Electric For i300 Manufacturing And Sales In India; Bounce To Support Homologation And Distribution; Zapp Targets Summer 2024 Rollout In Europe And Thailand
Portfolio Pulse from Benzinga Newsdesk
Zapp EV has signed a Memorandum of Understanding (MOU) with Bounce Electric to manufacture and sell the i300 electric scooter in India. Bounce will support homologation and distribution. Zapp aims to roll out the i300 in Europe and Thailand by summer 2024.
June 13, 2024 | 1:25 pm
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POSITIVE IMPACT
The partnership between Zapp EV and Bounce Electric for the i300 electric scooter manufacturing and sales in India could positively impact the Indian market, which is represented by the INDA ETF.
The collaboration between Zapp EV and Bounce Electric is likely to stimulate the electric vehicle market in India, which could have a positive impact on the INDA ETF that tracks the Indian market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Zapp EV has entered into a partnership with Bounce Electric to manufacture and sell the i300 electric scooter in India. This collaboration will also see Bounce supporting homologation and distribution, with a targeted rollout in Europe and Thailand by summer 2024.
The partnership with Bounce Electric is likely to enhance Zapp's manufacturing capabilities and market reach, particularly in India. The support for homologation and distribution will facilitate smoother market entry. The targeted rollout in Europe and Thailand by summer 2024 indicates strategic expansion plans.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100