- CEO
- Wouter Witvoet
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- 198 Davenport Road Toronto ON Canada M5R 1J2
- IPO Date
- Apr 12, 2022
- Business
- EV Technology Group Ltd. (NEO:EVTG) develops and commercializes electric vehicle technologies targeting niche and underserved markets with iconic motoring brands; the Toronto-based company, founded in 2021, owns and operates luxury electric vehicles including the MOKE electric model, which it deals in, distributes, and rents globally through a direct-to-consumer model encompassing flagship locations, online sales, and experiential marketing; core offerings span electric conversions of heritage brands, engineering services, advanced manufacturing components, and full-scale vehicle production capabilities via in-house facilities. Operations extend across Canada, the UK, France, and targeted regions such as the US coasts, Caribbean, Greece, Italy, Spain, and China, serving premium consumers in beach, resort, gated community, and golf course settings with aspirational electric motoring experiences. Recent developments include a strategic investment and definitive agreement to acquire MOKE International in late 2021 with a further 50% stake purchase valued at US$55.1 million announced in 2024, the acquisition of up to 100% of Fablink Group in 2022 adding seven UK manufacturing sites, Streamline Automotive for low-volume EV assembly, and engineering expertise for OEMs, alongside a partnership with UK design firm CALLUM in 2024, a C$50 million base shelf prospectus filing for growth funding, and purchases of coachbuilder brands like Marazzi, Fantuzzi, Brewster & Co., and Officine Stampaggi Industriali to expand its portfolio of electrified luxury heritage vehicles.