Skip to main content

IQST – IQSTEL Announces Board Approval To Begin Electric Motorcycle Manufacturing

Written by Customer Service on . Posted in Public Companies.

New York, NY, Aug. 23, 2021 (GLOBE NEWSWIRE) — iQSTEL, Inc. (OTCQB: IQST) today announced the Board of Directors (BOD) has approved Management’s plan for manufacturing its first lot of electric motorcycles to be sold under the Company’s B2C Division EVOSS operating unit. 

Manufacturing is slated to begin in Q4 this year.

Our first EVOSS Electric Motorcycle model for Latin America will compete in the low horsepower market against the 125cc combustion engine or equivalent class motorcycle.

Our first EVOSS Electric Motorcycle model can be used for work or fun. It will be a very versatile EV bike designed for everyday use.

Our EVOSS Electric Motorcycle will be integrated into a complete ecosystem that encompasses the EV user experience from purchase to maintenance to operation.  The EVOSS ecosystem will connect with our existing MAXMO/VIMO ecosystem, providing Electric Motorcycle users with purchase finance, maintenance and operating financial services.

Mr. Iglesias commented: “The first batch of our EVOSS Electric Motorcycles will be manufactured in China.  We selected China because it has the most mature market for low horsepower electric motorcycles in the world with more than 400 million of electric motorcycles running at this time. We plan to build on the existing electric motorcycle experience in China adding our technical knowledge to create a high value of EVOSS Electric Motorcycle Ecosystem product for the nascent Latin America EV Bike Market, presenting a huge earlier mover opportunity for IQSTEL.

Mr. Iglesias added, “The decision to organize the Company into two divisions, a B2B division (IQSTelecom: Telecom, Internet of Things, Blockchain) and B2C division (EVOSS: EV Motorcycles, Fintech), enables us to diversify our corporate communication and customer engagement strategies.  In a sense, the B2B and B2C divisions are two separate companies.  The B2B division targeting telecommunication companies with value added products and services where we build the IQSTelecom Brand, and the B2C division targeting the consumer market with Fintech services, some of which are integrated into other consumer ecosystems like transportation, where we build the EVOSS, MAXMO and VIMO brands – all under one holding company iQSTEL”.

iQSTEL Inc.
IR US Phone: 646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and its subsidiaries: www.iqstel.com 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.