29.09.2017 – 13:24

LION E-Mobility AG

DGAP-News: LION E-Mobility AG: continues to accelerate its growth with fresh capital from the current capital increase, accompanied by VTC Capital and CM Equity AG

DGAP-News: LION E-Mobility AG / Key word(s): Capital Increase/Corporate Action
LION E-Mobility AG: continues to accelerate its growth with fresh capital from
the current capital increase, accompanied by VTC Capital and CM Equity AG

29.09.2017 / 13:16
The issuer is solely responsible for the content of this announcement.

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The new funds in the amount of EUR 3.5 million will be invested to further
strengthen the operating subsidiaries and internationalization of LION
E-Mobility AG.
 
The market entry in North America under the leadership of the experienced
manager Roland Bopp remains an important focus and will be accelerated following
the capital increase. Furthermore, in the course of the consistent
globalization, the company will now also enter the Chinese market, the world's
largest market for EVs and batteries.
In addition, LION E-Mobility AG will continue to invest in the strong growth of
its subsidiaries LION Smart GmbH and TÜV SÜD Battery Testing GmbH and will
successively expand its product and service portfolio.
 
While LION Smart GmbH has achieved important milestones in the development of
our intelligent battery management system and has filed the respective patents,
TÜV SÜD Battery Testing GmbH is able to expand its testing facilities, which are
close to full capacity now, and therefore can meet the uninterrupted strong
demand for battery testing services.
 
The proximity of the operating subsidiaries to the TU Munich enables excellent
networking with highly qualified professionals which is a decisive
differentiating factor in this fast-growing market. This should help to ensure
that all of LION E-Mobility AG's subsidiaries can further expand their leading
positions in the race for market share in the growth markets of electrical
energy storage.
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29.09.2017  Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English

Company:  LION E-Mobility AG

          Lindenstraße 16

          6340 Baar

          Switzerland

Phone:    +41 (0)41 500 54 11

Fax:      +41 (0)41 500 54 12

E-mail:    info@lionemobility.de

Internet: www.lionemobility.com

ISIN:     CH0132594711, CH0132594711

WKN:      A1JG3H  , A1JG3H

Listed:   Regulated Unofficial Market in Hamburg, Munich (m:access); Open Market
in Frankfurt



 

End of News DGAP News Service

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