Inzile has contracted financial advisor MCM Partners for a capital raise. MCM Partners are specialized in Corporate Advisory, Private Placement and Asset Management (www.mcmpartners.com). MCM Partners successfully advised Inzile’s principal shareholder eFashion Championship in their funding process for the launch of the new EV eFashion Championship to luxury brands, similar to the Formula E Championship.

– To work with Inzile, a future leading company in the electro mobility area, is a great opportunity and challenge for MCM Partners, comments Adrian Valenzuela, CEO of MCM Partners. We have already started establishing dialogues with important strategic investors in different regions, who in turn will be able to propel Inzile into a position of world leadership in its sector, continues, Adrian Valenzuela.

 MCM will advise Inzile in raising capital equivalent to MSEK 250, at SEK 25 per share. This share issue may be divided into two or more transactions. The share issue will be directed to selected strategic international investors. Deviation from the shareholders’ preferential rights is motivated in order to strengthen the company’s financial position and to achieve increased distribution of Inzile’s ownership circle.

– This capital injection will allow Inzile to expand and consolidate its business of electro mobility solutions for vehicles in the tourism sector, as well as fulfilling the received eFashion Championship-order of racing cars, which is being prepared for final signing of the manufacturing contract, comments Håkan Örtenholm, Executive Chairman of Inzile.

For further information, please contact:

Håkan Örtenholm, Executive Chairman Inzile, hakan.ortenholm@inzile.com, +46 72 296 94 63

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