EMAV Taps into $5 Million for Alternative Vehicle Plan
With an electrifying ambition, EMAV Holdings, Inc. (OTCQB: EMAV), which is seeking to become a major player in the assembly of alternative fuel vehicles and the sale of commercial electric vehicles, has entered into an Equity Purchase Agreement with Tarpon Bay Partners an institutional investor.
The Agreement establishes a new $5,000,000 credit financing mechanism, the proceeds of which will be used to fund acquisitions for EMAV, manufacturing and marketing operations for EMAV’s commercial electric vehicles, and for general working capital purposes.
EMV is actually pursuing three, related tracks:
- Ownership of a limited number of small car dealerships, which will provide platform vehicles at cost for the Company’s electric vehicles;
- Assembly of alternative fuel vehicles promoting a “build to order” model and; and
- Sale of electric vehicles, initially l commercial models, and then consumer models.
Category: Electric Vehicles
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
