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Munich, 18 October 2018 – GOVECS AG ("GOVECS") has signed a purchase agreement with the Spanish motorcycle manufacturer Rieju S.A. The object of the contract is the acquisition of a new electric scooter model that GOVECS will further develop. The new model is expected to be launched under the name "FLEXY" already in the second quarter of 2019 and will thus contribute to sales growth in the financial year 2019. With the new FLEXY e-scooter, GOVECS complements its product portfolio with an e-scooter model in the mid-price segment. Thanks to their modular design, the FLEXY e-scooters are suitable for all GOVECS target groups, whether sharing providers, delivery services or end users.
Munich, 2 October 2018 – GOVECS AG (ꞌGOVECSꞌ), leading manufacturer of e-scooters in Europe, continues to ramp up its expansion with its own HappyScooter retail platform. At the INTERMOT, Germanyꞌs largest and most important trade fair for motorbikes and scooters, the Munich-based manufacturer of high-performance e-scooters celebrates the launch of the first online platform exclusively for e-scooters. With this important strategic step, GOVECS consolidates its entire sales activities in the dynamically growing B2C market. The medium-term goal is for HappyScooter to become Europe’s leading platform for e-scooters. The next move is the market entry into the B2C segment in the Netherlands; this is projected to take place before the end of Q4 2018.
Munich, 25 September 2018 – GOVECS AG (“GOVECS”, “the Company”), the leading manufacturer of electric scooters in Europe, is continuing its Europe-wide expansion course in the rapidly growing market for intelligent e-mobility solutions and has signed a letter of intent with a UK company regarding the delivery of 6,000 e-scooters for the London shared-vehicles market. The letter of intent includes the potential order of 3,000 e-scooters (Schwalbe) in 2019 and a further 3,000 in 2020. All the e-scooters are to be used in a shared-vehicles system in London.
Munich, 19 July 2018 – The GOVECS Group (“GOVECS”), the leading manufacturer of electric scooters in Europe, has bought all assets of the ELMOTO brand from the company ID-Bike GmbH (“ID-Bike”). Stuttgart-based ID-Bike is an inventor and manufacturer of light-weight electric motorcycles. The acquisition allows GOVECS to expand its product range with additional e-scooter models, and it is consistent with the strategy of strengthening its position in the high-growth end user market.
Munich, 12 July 2018 - After the Schwalbe had made a successful comeback as an electric scooter, GOVECS has doubled the speed of this cult two-wheeler, making history once again. Never before has a Schwalbe (German for swallow) flown so fast. With a top speed of 90 km/h and a range of up to 90 km, the new GOVECS light motorcycle is also winning the hearts of a technology-oriented target group in search of adrenaline. One outstanding feature of the new Schwalbe is the Bosch-made drive system with a maximum output of 8 kW. In addition to unparalleled driving pleasure, the Schwalbe also offers high safety and reliability “designed in Germany”.
Munich, 5 July 2018 – The GOVECS Group (“GOVECS”), the leading manufacturer of electric scooters in Europe, continues to expand in the rapidly growing market for e-scooters. The Munich-based company is again boosting the fleet of the biggest French sharing provider Cityscoot in Paris, by delivering an additional fleet of 2,750 new e-scooters, the first part of their 2018 order.