SPEAR Investments I B.V.
QEV.AS
Euronext Amsterdam6.70
EUR
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SPEAR Investments I B.V.
QEV.AS
(Euronext Amsterdam)
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6.70
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ROIC.AI
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- Business
- SPEAR Investments I B.V. (QEV.AS) operates as a European electric vehicle manufacturer focused on designing, developing, manufacturing, and selling electric light commercial vehicles and buses; it provides aftersales and maintenance services to support fleet operators and B2B customers in urban and commercial transport sectors. Headquartered in Amsterdam, Netherlands, with production and operations centered in Barcelona, Spain, the company traces its origins to a special purpose acquisition company (SPAC) incorporated in June 2021 and listed on Euronext Amsterdam following a €175 million IPO in November 2021. Through its ZeroID brand under QEV Mobility, it offers sustainable electric vans, chassis, buses, and hydrogen/electric platforms for heavy-duty trucks, leveraging technology from its motorsport division that competes in FIA electric championships including RX2e, Extreme E, and Formula E; the engineering arm delivers high-performance electric powertrains and R&D solutions, while QEV Academy provides training for engineers and mechanics. In 2023, SPEAR completed a business combination with QEV Technologies S.L., integrating the Spanish firm's e-mobility expertise and purchase orders exceeding 1,000 vehicles targeting €60 million in 2023 revenues and 16,000 units by 2027; the transaction secured over €20 million in committed capital from PIPE investments, non-redemption agreements, and existing backers like Inveready and GAEA Inversion, with plans to rebrand as QEV N.V. The company employs approximately 115 people and maintains a pan-European footprint, emphasizing zero-emission innovations from race-to-road applications amid growing demand for sustainable fleet solutions.