- EZRAIDER Global, Inc. Secures $50 Million Capital Commitment from Global Emerging Markets
EZRAIDER Global, Inc. Secures $50 Million Capital Commitment from Global Emerging Markets
EZRAIDER Global, Inc. is pleased to announce a $50 million investment commitment from Luxembourg-based Global Emerging Markets Group (GEM) to take the company public. Under the agreement, GEM will provide EZRAIDER Global with a Share Subscription Facility of up to $50 million for a 36-month term following a public listing of EZRAIDER’s common stock. EZRAIDER Global will control the timing and maximum number of drawdowns under this facility and has no minimum drawdown obligation. Concurrent with a public listing of EZRAIDERs shares, EZRAIDER Global will issue warrants to GEM to purchase up to 5.7% of the common stock of the company. This comes just weeks after EZRAIDER announced a final agreement to acquire DS Raider in Israel. (Recent Press Release)
“EZRAIDER Global has established a clear path to a public listing and is delighted to partner with GEM. The $50 million commitment from GEM gives EZRAIDER the power to radically change the EV market and expand our sales and production post listing,” said Mozy Azarzar, CEO of EZRAIDER Global, Inc.
“In a very short period of time EZRAIDER has developed beyond what we had imagined it could be. The simplistic and rugged design of EZRAIDER makes it easy to expand into new use categories by developing specialized accessories. Technological breakthroughs, like the new remote-controlled agricultural applicator, expand the EZRAIDER transportation technology platform and grow its competitive edge across multiple vehicle sectors,” added Azarzar.
EZRAIDER Global hopes to finalize a public listing by year end 2021 while DSRaider (Israel) continues to focus on R&D and the expansion of government testing and sales.
“We commend EZRaider Global for securing this agreement with GEM. Their financial backing will significantly accelerate EZRaider’s ability to achieve its true global sales potential,” said Miki Bar, BG(RES.), CEO & Co-founder of DSRaider.
About EZRAIDER Global, Inc
EZRAIDER is a proprietary electric vehicle platform that comes in 2wd, 4wd and 6wd options when combined with the ECART trailer. It was originally developed in Israel for military troop mobility in the field and has since become available to governments and consumer markets in numerous countries, including the US.
When paired with accessories, EZRAIDER vehicles are competitive for a wide variety of uses including urban commuting & errands, agriculture, off-road work and adventure, search and rescue, fire, security, military, enhanced mobility for disabled persons, golf, tourism, hunting, fishing, camping, facilities maintenance, micro-deliveries and more. EZRAIDER GLOBAL is located near Seattle, Washington.
Global Emerging Markets (“GEM”) is a $3.4 billion, alternative investment group with operations in Paris, New York, and Los Angeles. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 400 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: www.gemny.com.
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