Life Electric Vehicles Holdings Inc (LFEV)

[Mr. Zen]

LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- – via IBN – Life Electric Vehicles Holdings Inc. (OTC: LFEV), a developer, manufacturer and distributor in the light electric vehicle industry, today announces it has selected IBN, a multifaceted financial news and publishing company for private and public entities, to assist with its corporate communications initiatives.

Life Electric Vehicles (d/b/a Life EV Group), along with its subsidiaries, is focused on the launch, acquisition and consolidation of multiple brands of e-bikes, e-trikes, e-scooters and light EVs with the aim of positioning itself as an industry leader for the American micro-mobility market.

The light electric vehicle industry, mainly e-bikes, is fast becoming a leading form of EV sales in the U.S. and Europe. In addition to offering ready-to-ride electric vehicles, Life EV Group intends to distribute individual components, including motors, batteries, chargers, controllers and EV parts, to third party manufacturers in both the U.S. and worldwide.

The company’s first acquisition was completed in 2023 with a 40% equity stake in LEV Manufacturing Inc., a related company and American manufacturer of e-bikes. LEV Manufacturing’s assembly utilizes free-trade zone processes with a U.S. Certificate of Origin, eliminating middle layer costs and resulting in cost-effective production and lower MSRPs. LEV Manufacturing recently completed the acquisition of Serial 1 Cycle Company LLC, an e-bike maker founded by a major U.S. motorcycle manufacturer.

As part of the Client Partner relationship, IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters, social media channels, wire services via InvestorWire, blogs and other outreach tools to generate greater awareness for Life Electric Vehicles Holdings.

With 18+ years of experience assisting 500+ client partners improve communications within the investment community, and a sizable family of 60+ trusted brands, IBN has amassed a collective audience that includes millions of social media followers. IBN is uniquely positioned to provide Life Electric Vehicles the solutions needed to reach a wide audience of investors, journalists and the general public.

To learn more about Life Electric Vehicles, please visit the company’s corporate newsroom @ https://IBN.fm/LFEV