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EV Mobility Withdrawn, BZX: EVMO

Provides an electric car sharing platform for hotels and apartments.

Industry: Industrials

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Industrials

EV Mobility, Inc. (the “Company”) provides electric vehicles (“EVs”) on demand, at any time of day and all-day, as an amenity to luxury hotels, multi-family luxury apartment buildings, and commercial buildings through its easy-to-use mobile app. An electric car sharing platform, EV Mobility allows residents and guests to easily reserve, unlock, and operate electronic vehicles - conveniently located in their building or hotel. As of the date of this prospectus, we currently have 60 EVs deployed at 39 properties. Our business strategy is centered around EVs because we believe it is clear that the automotive industry will continue to transition in this direction, due to a combination of rising consumer preferences for environmentally-friendly products and governmental policies that provide strong incentives and increasingly strict regulations for purchasing them. Among other things, the Inflation Reduction Act of 2022 provides a tax credit of $7,500 for qualifying EV purchases and the Biden Administration has set a goal of 50% EV sales in the U.S. by 2030. Our principal market, California, has announced that by 2035 the state will require all new vehicles sold to be EVs or plug-in hybrid electrics.
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IPO Data
IPO File Date 10/23/2023
Offer Price
Price Range $4.00 - $6.00
Offer Shares (mm) 1.8
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $4.00 - $6.00
Offer Shares (mm) 1.8
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
WestPark Capital
Company Data
Headquarters Beverly Hills, CA, United States
Founded 2021
Employees at IPO 8
Website www.evmobility.com

EV Mobility (EVMO) Performance