Mr. Zen
1 week ago
Life Electric Vehicles Holdings (LFEV) enters Agreement with 1912 Walton and BLR
Management to Launch CiX Cycles E-Bike Line in Mass Retail
DEERFIELD BEACH, FL – February 26, 2025 – Life Electric Vehicles Holdings, Inc. (OTC: LFEV)
("Life EV Holdings") is pleased to announce that E-Life Distributors, a wholly owned subsidiary and the
dedicated sales arm of Life EV Holdings, has entered into an Agent Agreement with 1912 Walton and
BLR Management. Under this agreement, 1912 Walton and BLR Management will market and sell Life
EV Holdings' affiliated brands, including CiX Cycles, a newly launched brand and e-bike model line
specifically designed for mass merchant big-box retailers.
CiX Cycles will offer a high grade entry-level priced e-bike line featuring multiple models, with pricing
starting at an MSRP of $499. The company has successfully developed sample models, which have
been well received with store buyers in the marketplace.
Robert Provost, CEO of Life EV Holdings, states:
"Producing an entry-level priced e-bike line made in the USA of proprietary designs combined with
high-grade global components, at a starting price of $499 we believe will be a game changer for the
industry. Our team’s experience with high volume USA e-bike production, avoiding costly tariffs,
combined with our expertise in big-box retail distribution is expected to position CiX Cycles for success
in the mass retail market."
CiX Cycles is a wholly owned subsidiary of Life EV Holdings and has developed its products in
partnership with LEV Manufacturing, Inc., an affiliated company in which Life EV Holdings holds a 40%
ownership stake. This partnership further strengthens the company’s commitment to scaling domestic
e-bike production and delivering high-quality, affordable electric mobility solutions to a broad consumer
base.
CiX Cycles' marketing programs, including their new website, are set to launch in Spring 2025,
supporting the brand’s expansion and retail presence.
Patrick Byrd, CEO of 1912 Walton, states:
“1912 Walton and BLR Management are thrilled to partner with Life EV and CiX to bring their
innovative, high-quality and value driven bikes to mass retailers. Both functional and entertaining, CiX
bikes are for the whole family, and we are excited that the consumers will soon get to experience them.”
About 1912 Walton, LLC.
1912 Walton and BLR Management boasts over 30 years of experience in the Consumer-Packaged
Goods industry. With strong relationships in mass retail, club channels and home improvement
sectors, the company is well-positioned to introduce these innovative e-bikes to a wide market. Under
the leadership of Patrick Byrd, CEO along with Brandy Rodgers, EVP of Operations, 1912 Walton and
BLR Management are dedicated to driving economic growth and providing expert retail guidance and
revenue growth management strategies to our manufacturing partners.
About Life Electric Vehicles Holdings, Inc. (LFEV)
Life Electric Vehicles Holdings, Inc. (OTC: LFEV) is a pioneering force in electric bicycle development
and sales. The company is committed to revolutionizing the e-bike market by manufacturing innovative,
high-performance, and cost-effective electric bicycles in the USA. Life EV Holdings’ portfolio includes
Life EV, Serial 1, CiX Cycles, and other affiliated brands, with a focus on expanding accessibility to
sustainable transportation solutions.
For more information, please contact:
Investor & Media Inquiries:
Sasha Drusc
Investor Relations
Life Electric Vehicles Holdings, Inc.
954-859-0536
Investor.relations@lifeevgroup.com
Mr. Zen
1 week ago
GAME CHANGER for the industry news..................
Float 701,068..... NEWS........Robert Provost, CEO of Life EV Holdings, states:
"Producing an entry-level priced e-bike line made in the USA of proprietary designs combined with high-grade global components, at a starting price of $499 we believe will be a game changer for the industry. Our team’s experience with high volume USA e-bike production, avoiding costly tariffs, combined with our expertise in big-box retail distribution is expected to position CiX Cycles for success in the mass retail market."
If you don't see it coming, you have the wrong hobby.
Mr. Zen
5 months ago
Well the numbers are there, market cap is only 4 million and the float is 500,000. Be interested in seeing what the next quarter is but they do own a large factory, they have the right product and last time I talked to Robert Provost he said that electric bikes were just the beginning. I have talked to him several times about exposure into the market but he is just too damn busy building a company, which is great if you are long term like I am, I did introduce him to one company and he is testing exposure with them but he is not a cheerleader, he wants to let the actions speak for themselves which is more of a NASDAQ mindset.
This one is tucked away in a long term portfolio.
Mr. Zen
11 months ago
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
Mr. Zen
12 months ago
https://techmediawire.com/life-electric-vehicles-holdings-inc-lfev-is-one-to-watch/
Life Electric Vehicles Holdings Inc. (LFEV) Is ‘One to Watch’
March 20, 2024
Life EV Group in December 2023 announced its acquisition of a 40% interest in LEV Manufacturing through a share exchange
LEV Manufacturing Inc. in July 2023 acquired Serial 1 Cycle Company, an e-bike maker founded by Harley-Davidson
In February 2022, the company announced a name change to Life Electric Vehicles Holdings Inc.
In November 2021, Second Street Capital Inc. merged with Life Electric Vehicles Holdings Inc.
Life Electric Vehicles Holdings (OTC: LFEV) (d/b/a Life EV Group), along with its subsidiaries, is a developer, manufacturer and distributor in the light electric vehicle industry. The company’s business model focuses 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. Serial 1 is an e-bike maker founded by U.S. motorcycle manufacturer Harley-Davidson in 2018 and spun off as an independent brand in 2020. The acquisition positions Serial 1 for even greater success and long-term growth.
Life EV Group is headquartered in Deerfield Beach, Florida.
Market Opportunity
An analysis from Mordor Intelligence, a market research and advisory firm, estimates the e-bike market to be worth $34.98 billion in 2024 and projects it will expand to reach a value of $51.78 billion by 2029, representing a CAGR of 8.16% during the forecast period.
Mordor attributes forecast market growth primarily to the increasing adoption of electric bikes as a mode of daily transportation around the world. The market is seeing an upsurge in unit sales based on their attractive consumer characteristics, including health benefits, affordability and convenience.
The North American electric bike market is growing as the preference for low-speed two- and three-wheelers has increased in recent years. Various bike-sharing operators are including electric bikes in their fleets, which is expected to support the sales growth of these bikes in the near future.
Management Team
Robert Provost is the CEO of Life EV Group. He was Founder and CEO of Prodeco Technologies, a maker of e-bikes and e-bike parts and accessories. He also serves as President and CEO of LEV Manufacturing Inc. He is Chairman of the board for Serial 1 Cycle Company.
Daniel Del Aguila is COO at Life EV Group. He co-founded Prodeco Technologies and serves as COO of LEV Manufacturing Inc.
Ivan Drusc is CFO at Life EV Group. He is a seasoned accounting and finance professional with a proven track record in industries from insurance to IT and property management. He has served as a key player in businesses ranging in size from startups to publicly traded global companies. He has experience in cost reduction, risk mitigation, IT and ERP systems, outsourcing and restructuring. He is a graduate of the University of Akron with a bachelor’s degree in accounting.
For more information, visit the company’s website at www.LifeElectricVehicles.com.
NOTE TO INVESTORS: The latest news and updates relating to LFEV are available in the company’s newsroom at https://ibn.fm/LFEV
About TechMediaWire
TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.
Mr. Zen
1 year ago
I can't wait until LFEV starts telling it's story, should be a good solid long term performer.
As far as RONN goes, my unofficial opinion is some of the backers are in a dumpfest, and I think it is the lawyer and BOD John Morgan that brought the company public and has about 25 million shares. no way it should be at this price with Held at DTC 28,750,017 this one has an odor I cannot describe right now so just holding my position for a better day.
Mr. Zen
1 year ago
E-mail from Rob Provost CEO :::
Robert Provost
to me
Hi*****
We have an exciting future planned.
The Serial 1 acquisition was complex as the transaction is significant for the multiple parties involved and why it took so long to close. There continues to be a lot of movement behind the scenes, ..........................
As some of you may know I hold about 9% of the public float of this company and more importantly I have signed a non disclosure agreement with the company so what I can say is limited. I can say that I have no intention of selling any shares at this price range, I have full faith in the company direction and it will become clear hopefully fairly soon. The exact timeline is unknown (to me) but should become obvious soon.
Market Cap 4,196,724 01/30/2024
Authorized Shares 750,000,000 01/29/2024
Outstanding Shares 8,395,128 01/29/2024
Restricted 7,317,781 01/29/2024
Unrestricted 1,077,347 01/29/2024
Held at DTC 475,526 01/29/2024
Float 502,592 11/30/2022
Mr. Zen
1 year ago
Everything seems rosy on the surface but without addressing the market this company will go nowhere.
He is selling friends and family shares at $20k a pop, (see filings) with a two year hold works out to .16$ a share, I passed on that deal.
This is new to me to do white label manufacturing for several companies that want to move their production from Taiwan and other Asian countries. a very positive feature and something to look forward to.
CEO is overworked yes, but the people that I introduced him to have yet to get started, not a lot of faith near term, and investors that do not see returns move on.
Undervalued yes, down 50% of where he went public and has increased value in the company, still no Investor Relations department and even the phone system has gone back to a basic answering machine.
Not as bullish as I once was.
Mr. Zen
1 year ago
I have no clue on this one any more, it has everything going for it yet the CEO does not want to face the market, instead he is selling preferred lots at $20k each, yea it is a two year hold but it works out to .16$ a share. If he just addressed the market properly he would be a $5.00 stock with a following.
Makes no sense with this guy, either naive or a shyster, not sure which but loosing faith quickly
Jake3935
1 year ago
I've been following this company for 4 years, prior to the time they acquired CTON and changed the company to LFEV. Communication from the company (Rob) has always been slower than I would like, however it's very deliberate. Here's what I think will happen over the next couple of months; 1) They will complete all the mechanics of owning 40% of LEV Mfg. via the share exchange. 2) They will need to raise more capital from the capital markets for growth, i.e. via LFEV. 3) They will aggressively ramp up manufacturing of Serial 1 and other brands. Especially given they just started a new fiscal year and will want to clearly demonstrate growth. 4) As a result of these things, they will need to start actively communicating in the public realm. Otherwise, they can't grow and sell.
I will be looking for evidence Rob P is putting an executive team in place that can help execute the plan. Still concerned that Rob is doing "everything" and is the bottleneck.
I'm still VERY bullish!
Mr. Zen
1 year ago
YEAH!! Thank you Jake3935, that is great news, do not know how i missed it , it was not on the wires and even I-hub news Bot did not pick it up, but it ids now official.
OK so tell me, I can't understand what that means to current investors. I have 40,000 shares of LFEV what does that now become? Reverse merger terms are not my strong point.. thanks for your input.