EV Stock Catches Premarket Bid

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Tuesday, September 12, 2023

An electric motorcycle company based out of the United Kingdom is causing quite the stir during Tuesday’s premarket hours after the company announced that it has partnered with Paris-based fintech firm Younited SA to offer customers its Younited Pay instant credit payment solution as Zapp nears the European launch of its innovative i300 electric urban motorcycle, according to the release.

This caused traders to be eager to get their hands on shares of Zapp Electric Vehicles Group Limited (Nasdaq:ZAPP) early on Tuesday, with traders currently willing to buy at $1.45/share (+3.57% implied open for sellers) at the time of writing. This could be an exciting session for this small cap!

Zapp Electric Vehicles Group Limited is a United Kingdom-based electric motorcycle company. The Company designs, manufactures, and sells high performance electric vehicles. Its debut product, the i300, is an urban electric high-performance two-wheeler capable of traditional motorcycle levels of performance in a step-through format, combining ease of use with exhilaration and fun. Its models include the i300 Carbon Launch Edition, i300 Carbon, i300 Bio, and i300 Ocean. The Company plans to offer a direct-to-customer experience known as drop-ship-direct-to-customer (DSDTC). Customers ordering the i300 online have their bikes conveniently delivered to their homes by Zappers, who provides at-home inspection, service, and support throughout the vehicle ownership lifecycle. The Company operates through its subsidiaries, Zapp Electric Vehicles Inc. and Zapp Electric Vehicles Limited.

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