Wels, September 6, 2021
PIERER Mobility AG is moving forward at pace with its vision to become the global leader in electric powered two-wheeler vehicles. Focusing on the 250W to 11kW power range, the Group is ready to take the next steps with regards to E-Mobility Research & Development (R&D) initiatives.
Firstly, PIERER Mobility AG is pleased to announce a €20M investment in a dedicated 7,780 square meter e-mobility competence centre. This cutting-edge facility will become home to 150 employees and will be situated alongside the innovative KISKA design studio in Anif, Salzburg, Austria.
In addition, to ensure rapid progress, all e-mobility focused R&D efforts will be consolidated and expanded through the creation of a new, dedicated Research and Development corporate entity - KTM Forschungs & Entwicklungs GmbH (KTM F&E GmbH).
As a first initiative on Friday September 3rd 2021, KTM F&E GmbH signed the Swappable Batteries Motorcycle Consortium agreement with Honda Motor Co., Ltd, Yamaha Motor Co., Ltd, and PIAGGIO Group (PIA.MI), for motorcycles and light electric vehicles.
The Consortium will aim at finding solutions to the concerns customers may have regarding the future of electromobility, such as the range, the charging time and infrastructure, and costs. This will be achieved in accordance with four primary goals:
1. Develop common technical specifications for swappable battery systems
Stefan Pierer, CEO PIERER Mobility AG: "The signing of this Consortium agreement is a key step in ensuring that PIERER Mobility AG can continue to move forward, deliver innovation at pace and advance its clear strategic vision for electric powered two-wheelers. Together with our partners, we will work to deliver a swappable battery system for low-voltage vehicles (48V) up to 11kW capacity, based on international technical standards. We very much look forward to ensuring that powered two-wheeler vehicles maintain their role in the future of both urban and non-urban mobility."
The PIERER Mobility Group is Europe's leading manufacturer of "powered two-wheelers" (PTW). With its motorcycle brands KTM, HUSQVARNA Motorcycles and GASGAS, it is one of the European technology and market leaders, especially for premium motorcycles. In addition to powered two-wheelers equipped with combustion engines or innovative electric drives, the product portfolio also includes e-bikes. As a pioneer in electromobility for two-wheelers in the low-voltage range (48 volts) the group and its strategic partner Bajaj have the prerequisites to assume a leading global role. Entering into the e-bike business was another important step in intensifying activities in the field of two-wheeled electromobility. Electric bicycles are being driven forward under the brands HUSQVARNA E-Bicycles, R Raymon and GASGAS E-Bicycles in order to participate in the attractive market growth of the e-bicycle segment and to become a major international player. Thanks to our innovative strength, we see ourselves as the technology leader in the two-wheeler sector in Europe.
THIS ANNOUNCEMENT NEITHER CONSTITUTES AN OFFER TO SELL NOR IS IT AN INVITATION TO SUBMIT A PROPOSAL FOR THE ACQUISITION OF SECURITIES OF PIERER MOBILITY AG. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
End of Media Release
Issuer: PIERER Mobility AG
Key word(s): Research/Technology
06.09.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
|Company:||PIERER Mobility AG|
|Phone:||+43 (0) 7242 69 402|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; SIX|
|EQS News ID:||1231573|
|Valorennummer (Schweiz): 41860974Wertpapierkürzel: PMAG,Bloomberg: PMAG SE, PMAG GYReuters: PMAG.S|
|End of News||DGAP Media|