GM - Medigus shares +42% on plans to enter micro-mobility EV market
Medigus (MDGS) is up 41.09% after the medical technology company announces its plan to enter electric vehicle and charging market.The company signs MoU with privately held EMuze founders to develop and potentially commercialize EV-based micro-mobility vehicles for urban and last mile logistics transportation, under a JV NewCo.If the MoU goes through, Medigus will hold 19.99% of the JV for an initial investment of $0.25M, and may increase its holding up to 50.1%.EMuze designs and develops electric mobility micro vehicles that have the ability to operate full days on a single charge, heavy duty design, available off-road versions and low cost of operation. It has already signed a manufacturing agreement with Ningbo Beijing Shen Jian Machinery Technology, which manufactures high-end scooters, E-mobility and skiing machines.In addition, Medigus appoints General Motors (GM) control systems lead Alon Davidi will act as its its EV advisor.Previously: Medigus share jumps ~24% after Matomy Media signs merger agreement with Global Automax (Nov.
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Medigus shares +42% on plans to enter micro-mobility EV market