Financialnewsmedia.com
News Commentary
PALM BEACH, FL -- November 8, 2018 -- InvestorsHub NewsWire --
Consumers today are aggressively searching alternative choices for
transportation to combat increasing fuel prices. According to
the International Energy Agency (IEA), escalating fuel and oil
prices are forcing many to seek alternatives in the electric
vehicles (EV) industry such as Electric Scooters and other
alternative energy options. If one lives in San
Francisco, Baltimore, or Austin, many have already seen
them popping up all over town. According to Grand View Research
Inc. the global electric scooter market size is expected to
reach $28.56 billion by 2025. Growing demand for
fuel-efficient vehicles over shorter distances, rising carbon and
greenhouse gas emissions, and government initiatives encouraging
adoption of green vehicles are expected to drive the electric
scooters market to higher levels. Active tech companies in the
markets this week include Optec International, Inc.
(OTC: OPTI),
Alibaba Group Holding Limited (BABA), Alphabet Inc.
(NASDAQ: GOOGL) (NASDAQ: GOOG), Niu Technologies
(NASDAQ: NIU), Electrameccanica Vehicles
Corp. (NASDAQ: SOLO).
Optec International,
Inc. (OTCQB:OPTI) BREAKING
NEWS: Optec International today announced, the company
signed an exclusive USA distribution agreement with
Optimized Fuel Technologies for their new 2019 All Electric Zero
Emissions Commercial Electric Super-Scooter Models.
OPTEC International, Inc., the exclusive
worldwide distributor of the OPTEC Fuel
Maximizer, will now include
the OPTECSuper-Scooters to their
exclusive USA distribution agreements.
The Super Scooter patented technology was recently acquired by
Optimized Fuel Technologies and is currently in production at the
company's Carlsbad, CA facility. The "Cadillac" of
scooters has been purchased by southern California Law Enforcement
and EMT divisions and rigorously tested and proven for over 4
years. The Super Scooter has a 40 Mile Range and 30 MPH capability
on a single battery and facilitates 2 batteries on board giving
double the range capability. The definitive agreement is expected
to be completed by the end of November 2018.
This tremendous growth projection of the Electric Scooter
Transportation sector has not gone unnoticed by one of the largest
transportation network companies and holding companies. According
to Bloomberg, Uber and Alphabet, Inc has invested $335
million into partnering with Lime, an electric scooter
company. Lyft has also launched an electric scooter share program
and has been one of five companies to apply for a permit
in San Francisco to run an electric scooter service.
In Los Angeles, San
Francisco and Sacramento the frequent and rapidly
expanding use of the electric scooters is reported to have a
noticeable impact on vehicle traffic congestion and at the same
time helping reduce the global vehicular emissions
reduction. Read this and more news
for OPTI at :http://www.financialnewsmedia.com/news-opti/
Other recent developments in
the electric vehicle industry
include:
Giant tech stocks have focused efforts on the scooter trend of
late. In March of this
year, Alibaba (NYSE: BABA)
led an $866 million funding round for
Ofo, China's biggest bike-sharing platform. GV, the
venture capital arm of Alphabet
Inc.(NASDAQ: GOOGL) (NASDAQ: GOOG), led a $335
million funding round for Lime in July. Lime's fleet
includes e-scooters, e-bikes and pedal bikes, to offer people a
greater variety of transportation modes at their fingertips and
make it increasingly easy to live without a car.
The growing trend also helped launch the IPO of China-based
electric-scooter maker Niu
Technologies (NASDAQ: NIU). Niu Technologies designs,
manufactures, and sells high-performance smart e-scooters. It is
the largest lithium-ion battery-powered electric scooters company
in China and a leader in the European market in 2017,
according to CIC. The first lifestyle brand for urban mobility
in China, NIU has successfully created a new industry category
- smart electric two-wheeled vehicles. With a NIU app
component that synchronizes with the smart e-scooters and
communicates with their cloud system, Niu Technologies creates
real-time information for its customers.
Electra Meccanica Vehicles
Corp. (NASDAQ: SOLO), a designer and
manufacturer of electric vehicles, late in October provided a
corporate update on vehicle pre-orders the Company has received. As
of October 22, 2018 Electra Meccanica had a total of
64,154 vehicle pre-orders across all models. As
of October 22, 2018 the Company had 23,030 pre-orders for
the SOLO single-passenger electric vehicle, which has
a $15,500 target MSRP, and 41,124 pre-orders for the
Tofino two-seat roadster sports car, which has
a $50,000 target MSRP. All retail pre-orders
require a refundable deposit, $250 for the SOLO
and $1,000 for the Tofino. Dealer pre-orders require a
letter of credit or letters of interest and all orders are
non-binding.
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