- Business
- Life Electric Vehicles Holdings Inc. (OTC: LFEV), doing business as Life EV Group, develops, manufactures, and distributes light electric vehicles focused on the American micro-mobility market; core products and services include e-bikes, e-trikes, e-scooters, and other light EVs under proprietary brands, as well as individual components such as motors, batteries, chargers, controllers, and EV parts supplied to third-party manufacturers in the U.S. and worldwide. The company operates a 32,000 square foot manufacturing facility in Florida utilizing free-trade zone processes with U.S. Certificates of Origin for cost-effective production; it designs and develops proprietary vehicles in the U.S. while sourcing components directly from global suppliers. Incorporated in 1981 in Nevada as Second Street Capital Inc., which merged with Life Electric Vehicles Holdings in November 2021 and changed its name in February 2022, the company is headquartered at 460 Hillsboro Technology Drive in Deerfield Beach, Florida. Recent developments include a December 2023 acquisition of a 40% equity stake in LEV Manufacturing Inc. via share exchange, a related U.S. e-bike manufacturer; LEV Manufacturing acquired Serial 1 Cycle Company LLC, an e-bike brand originally founded by Harley-Davidson in 2018 and spun off in 2020, in July 2023. Life EV Group pursues a roll-up strategy with multiple letters of intent signed for acquisitions of e-bike and e-scooter companies, planning to consolidate production under its FTZ processes; it holds multiple trademarks and two USPTO-approved patents with additional filings planned. Operations target consumer and delivery markets in the U.S., with expansion into international component distribution.