Investors
ZAP Enters China Electric Vehicle Market with Holley Group, the Global Leader in Electric Power Meters
Phase II of ZAP’s Strategy to Reposition for Global Market
SANTA ROSA, California and HANGZHOU, China (December 16, 2009) -- Electric transportation pioneer ZAP (OTC BB: ZAAP) and Holley Group, the world's largest volume producer of electric power meters according to the Wenhui-Xinmin United Press Group, have established a joint venture company in China with backing from venture capital firm Better World International to target the electric vehicle market in China.
ZAP and ETI Tech of Malaysia Sign Binding MOU for Electric Vehicle Joint Venture
SANTA ROSA, California and KULIM, Malaysia (August 19, 2009) – U.S. electric vehicle pioneer ZAP (OTC BB: ZAAP) and Malaysia’s home grown green technology company, ETI Tech Corporation Berhad (listed on ACE Market of Bursa Malaysia: 0118.KL; ETITECH), jointly announced today their intention to form a manufacturing and distribution joint venture.
ZAP and ETI Tech have signed a binding Memorandum of Understanding (MOU) for the supply of ETI Tech batteries and battery management systems (BMS) for ZAP personal transportation electric vehicles. The two companies have also agreed to joint manufacturing and distribution and expect to execute a definitive agreement within ninety days from the date of signing the MOU.
ZAP Secures up to $25 Million in New Financing.
SANTA ROSA, California (August 10, 2009) – Electric vehicle pioneer ZAP (OTC BB: ZAAP) announced today that it has secured up to $25 million in new financing with Cathaya Capital, L.P. With offices in Silicon Valley, Cathaya, L.P. is backed by financier Jacques de Chateauvieux’s Paris-based Jaccar Holdings and intends to manage the investment through its affiliate Better World International, Ltd.
ZAP will use a portion of the funding to pursue longer-term contract production and assembly commitments, and to accelerate deliveries of trucks and vans to fill current fleet and government orders.
Toyota Manufacturing Veteran Named ZAP President
ZAP Names Former SEC Counsel Mark Abdou to Board of Directors
ZAP Elects Vetran Toyota Manufacturing Exec to Board
ZAP Board of Directors Member Gary DoddSANTA ROSA, CA--(MARKET WIRE)--Jun 9, 2009 -- Electric transportation pioneer ZAP (OTC BB:ZAAP.OB - News) has elected Gary Dodd to its board of directors. Dodd, a successful entrepreneur and former Toyota executive, is the CEO of Zap Motor Manufacturing Kentucky (ZMMK), which has an exclusive U.S. manufacturing agreement with ZAP to provide a domestic manufacturing base for the company.
"Pure electric vehicles are going to be a major force in the auto industry," said Dodd. "ZAP is an established player full of innovative product ideas that offers new directions in personal and commercial transportation. It is a leader in a vital emerging American industry."
ZAP Retains the Investor Relations Group
ZAP Shipping Trucks to United States Military
ZAP Completes two million dollar private placement
SANTA ROSA, California June 11, 2009 – Electric transportation pioneer ZAP (OTC BB: ZAAP) has closed on a $2 million private placement from The Banks Group LLC.
Jeffrey G. Banks, the Group’s principal and a current investor in ZAP said, “I strongly believe in ZAP’s market attractiveness, especially as they begin transition into domestic production. Given the company’s knowledge, experience and leadership position, there is no doubt in my mind that we’ve made a predictably smart EV investment.” He added, “ZAP has sharpened their focus on market segments that are growing, offering a much greater potential for both near and long-term success.”
ZAP Unveils Electric Truck Wheel Motor Technology
8,000-Watt Wheel Motor Nearly 3x More Powerful than Zapino Scooter Motor, with Minimal Increase in Weight and Size
New Design Could Go into Production in 4-Wheel EVs by Next Year
SANTA ROSA, CA -- May 19, 2009 -- Electric vehicle pioneer ZAP (OTC BB:ZAAP.OB) has unveiled an 8,000-watt wheel motor powering both rear wheels of a production ZAP electric truck.