Spanish Pinero group has invested in Inzile AB (publ) (Inzile), as a strategic shareholder and partner in the commercialization of electric vehicles in the Caribbean.

The investment is carried out through Pinero’s subsidiary Corporacion Patrimonial Pinero SL and Pinero’s CEO Encarna Piñero becomes member of Inzile’s Advisory Board.

– We are very satisfied with the collaboration and trust of the Pinero Group, materialized through their entry into Inzile’s shareholding and on our Advisor Board, says Håkan Örtenholm, Executive Chairman of Inzile.

The Pinero Hotel group has together with Inzile established the joint company Emos Caribbean SL, for the commercialization of EVs for internal mobility at resorts, transfers to airports, tourist excursions and integrated mobility solutions in the tourism sector, for the Caribbean, Mexico, and Brazil, among other markets.

– We are very excited about our alliance with Inzile and our future joint company Emos, comments Ricardo Moreno, Managing Director of Turiscar. Together we are transforming mobility into a sustainable activity by providing solutions to various hotel companies in the Caribbean, adds Ricardo Moreno.

Pinero is a Spanish group, since many years established within the sectors hotel & resort, real estate and construction. Pinero offers more than 14,000 hotel rooms in the Dominican Republic, Mexico, Jamaica and Spain including residential complexes and golf courses.

Turiscar is responsible for supply and management of transport vehicles within the Pinero group. Inzile has signed an agreement with Turiscar and the companies will work closely together. Turiscar supplies not only hotels & resorts controlled by Pinero but also other hotels & resorts in the Caribbean

For further information, please contact:

Måns Sjöstedt, CEO Inzile,mans.sjostedt@inzile.com, +46 70 946 69 05

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