SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Consumer Demand for Alternative, Energy Efficient Transportation Creating Electric Vehicle Revolution
[November 08, 2018]

Consumer Demand for Alternative, Energy Efficient Transportation Creating Electric Vehicle Revolution


PALM BEACH, Florida, November 8, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

Consumers today are aggressively searching alternative choices for transportation to combat increasing fuel prices. According to the International Energy Agency (IEA), escalating fuel and oil prices are forcing many to seek alternatives in the electric vehicles (EV) industry such as Electric Scooters and other alternative energy options. If one lives in San Francisco, Baltimore, or Austin, many have already seen them popping up all over town. According to Grand View Research Inc. the global electric scooter market size is expected to reach $28.56 billion by 2025. Growing demand for fuel-efficient vehicles over shorter distances, rising carbon and greenhouse gas emissions, and government initiatives encouraging adoption of green vehicles are expected to drive the electric scooters market to higher levels. Active tech companies in the markets this week include Optec International, Inc. (OTC:OPTI), Alibaba Group Holding Limited (BABA), Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Niu Technologies (NASDAQ:NIU), Electrameccanica Vehicles Corp. (NASDAQ:SOLO).

Optec International, Inc. (OTCQB:OPTI) BREAKING NEWS: Optec International today announced, the company signed an exclusive USA distribution agreement with Optimized Fuel Technologies for their new 2019 All Electric Zero Emissions Commercial Electric Super-Scooter Models.

OPTEC International, Inc., the exclusive worldwide distributor of the OPTEC Fuel Maximizer, will now include the OPTEC Super-Scooters to their exclusive USA distribution agreements.

The Super Scooter patented technology was recently acquired by Optimized Fuel Technologies and is currently in production at the company's Carlsbad, CA facility. The "Cadillac" of scooters has been purchased by southern California Law Enforcement and EMT divisions and rigorously tested and proven for over 4 years. The Super Scooter has a 40 Mile Range and 30 MPH capability on a single battery and facilitates 2 batteries on board giving double the range capability. The definitive agreement is expected to be completed by the end of November 2018.

This tremendous growth projection of the Electric Scooter Transportation sector has not gone unnoticed by one of the largest transportation network companies and holding companies. According to Bloomberg, Uber and Alphabet, Inc has invested $335 million into partnering with Lime, an electric scooter company. Lyft has also launched an electric scooter share program and has been one of five companies to apply for a permit in San Francisco to run an electric scooter service.  

In Los Angeles, San Francisco and Sacramento the frequent and rapidly expnding use of the electric scooters is reported to have a noticeable impact on vehicle traffic congestion and at the same time helping reduce the global vehicular emissions reduction. Read this and more news for OPTI at :http://www.financialnewsmedia.com/news-opti/




Other recent developments in the electric vehicle industry include:

Giant tech stocks have focused efforts on the scooter trend of late. In March of this year, Alibaba (NYSE:BABA) led an $866 million funding round for Ofo, China's biggest bike-sharing platform. GV, the venture capital arm of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), led a $335 million funding round for Lime in July.   Lime's fleet includes e-scooters, e-bikes and pedal bikes, to offer people a greater variety of transportation modes at their fingertips and make it increasingly easy to live without a car. 


The growing trend also helped launch the IPO of China-based electric-scooter maker Niu Technologies (NASDAQ:NIU). Niu Technologies designs, manufactures, and sells high-performance smart e-scooters. It is the largest lithium-ion battery-powered electric scooters company in China and a leader in the European market in 2017, according to CIC. The first lifestyle brand for urban mobility in China, NIU has successfully created a new industry category - smart electric two-wheeled vehicles.  With a NIU app component that synchronizes with the smart e-scooters and communicates with their cloud system, Niu Technologies creates real-time information for its customers.

Electra Meccanica Vehicles Corp. (NASDAQ:SOLO), a designer and manufacturer of electric vehicles, late in October provided a corporate update on vehicle pre-orders the Company has received. As of October 22, 2018 Electra Meccanica had a total of 64,154 vehicle pre-orders across all models. As of October 22, 2018 the Company had 23,030 pre-orders for the SOLO single-passenger electric vehicle, which has a $15,500 target MSRP, and 41,124 pre-orders for the Tofino two-seat roadster sports car, which has a $50,000 target MSRP.  All retail pre-orders require a refundable deposit, $250 for the SOLO and $1,000 for the Tofino. Dealer pre-orders require a letter of credit or letters of interest and all orders are non-binding.


DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by Optec International, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Media Contact:  
editor@financialnewsmedia.com 
+1(561)325-8757


[ Back To TMCnet.com's Homepage ]







Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy