- Average income of a pro-esports player is $400,000
- Audience for esports is expected to reach 495 million by the end of 2020
- eSports betting market forecasted at $17.2 billion globally by the end of 2020
The election of a new pro-EV president, and an agreement to sell its all-electric utility vehicles through a group purchasing program, represents significant potential for ev Transportation Services. Founded in 2015, the company’s focus on its electric vehicle (“EV”) manufacturing mission could be seeing an impressive payoff in the coming months.
President-elect Joe Biden, who will be sworn into office Jan. 20, 2021, is known as a car guy who sees EVs as the future of transportation. He has announced a Cash for Clunkers–type plan that offers incentives to trade in less-efficient vehicles for America-made EVs. He has also stated that he wants to replace the government’s fleet of vehicles with EVs (https://ibn.fm/uXtpB).
In tandem with the nation’s political transition, evTS has reached an agreement with the metropolitan Boston-area Metropolitan Area Planning Council (“MAPC”) and the Greater Boston Police Council (“GBPC”) to offer its EVs for sale (https://ibn.fm/AhXRx). The agreement authorizes the company’s FireFly ESV all-electric commercial utility vehicles to be sold under the agencies’ Group Purchasing Program contract for 2021 within the 101 cities and towns of the metropolitan area.
“We are excited to include an electric vehicle manufacturer (‘evTS’) from Massachusetts in an MAPC Public Works and Public Safety Cooperative Purchasing Program for the first time,” said MAPC Director of Municipal Collaboration Mark Fine.
The company’s all-electric, light-duty commercial vehicles and fleet-management solutions provide an environmentally friendly platform using the safest lithium-ion battery technology available. They have a robust suspension design and are capable of quickly reaching speeds up to 50 mph, while still remaining highly maneuverable in tight urban situations.
In September evTS also announced its new 2021 FireFly ESV model as an upgrade to previous vehicles. The updated version will feature additional leg room and a larger door for easier access. The added features are part of an improved in-cabin experience with a modernized feel (https://ibn.fm/4TrRz).
evTS utility vehicles are fully street legal and designed to serve a wide range of functions. The company notes that its Firefly vehicles are ideal for parking management, security and perimeter patrol, parks and sidewalk maintenance, utility meter reading, property and building management, and use at airports, seaports, and university and corporate campuses. In addition, the vehicles are perfect for last mile on-demand urban delivery for shipped packages hot or cold foods and other retail products.
The 2021 model also offers upgrade features such as in-vehicle Wi-Fi and an internet-accessible vehicle-management system to allow remote diagnostics. This is on top of the FireFly ESV’s automated performance monitoring that includes low-battery warnings and other alerts. The ESV’s customizable modular design allows it to be adapted to varying service industry needs, and the 2021 model adds new rear-bed accessory options for further possibilities. Those may include an electronic lift dump, a refuse hauler, a van box, a utility bed with locking compartments and ladder racks, and other cleaning, sweeping or watering accessories that give it an advantage over the competition.
evTS is strengthening its position at an ideal time. The essential services transportation and urban mobility markets represent an annual domestic replacement market of approximately 100,000 vehicles, or roughly $2.5 billion annually, according to the company.
For more information, visit the company’s website at www.evTS.com.
NOTE TO INVESTORS: The latest news and updates relating to ev Transportation Services are available in the company’s newsroom at https://ibn.fm/EVTS
Rapidly falling electric vehicle (“EV”) battery prices are fueling predictions that it will be easier and cheaper to build and market EVs within a few years (https://ibn.fm/MYD7s). In a bold move aiming to leverage these changing market conditions, Net Element (NASDAQ: NETE), a global financial technology and payments processing company, is planning to divest its payments processing model so it can enter the EV industry through a proposed reverse merger with Mullen Technologies, a privately-held California-based EV manufacturer.
The EV industry continues to grow by leaps and bounds, and research suggests that EVs may eventually dominate gas-powered cars in many sectors (https://ibn.fm/dr6cA). While government mandates, policy-initiatives and consumer preferences are pushing demand higher, falling battery prices are expected to make EVs economically feasible on the supply side in the next few years.
The effect of falling battery prices appears to be contributing to industry momentum, fueled by recent surveys that suggest costs have decreased by nearly 90%. Analysts predict that battery costs are likely to continue falling and may reach a point where manufacturers will be able to make and sell mass-market EVs at the same cost as cars that are powered by fossil fuels.
Before most of this news hit the mainstream, NETE took action in early 2020 by announcing plans to divest itself of its current business model in order to enter the EV industry through a reverse merger with privately-held Mullen Technologies. Following the required approvals, the transaction will allow Mullen stakeholders to obtain the majority of stock in the new company while also catalyzing the process of taking the company public.
“We continue working diligently in an effort to finalize the Mullen merger for the benefit of our shareholders,” said Net Element Executive Chairman Oleg Firer (https://ibn.fm/VRO4m).
Through its subsidiary Mullen Energy, Mullen Technologies is currently engaged in innovating its own battery technology in addition to taking pre-orders for its five-passenger MX-05 SUV and Dragonfly K50 sports car. Following the merger, the company is planning to build and lease 1.3 million square feet of assembly and manufacturing space in Washington while expanding its industry footprint through subsidiaries that include Mullen Auto Sales, Mullen Finance Corp., and a digital marketplace called CarHub.
The EV industry continues to make headlines throughout the world as governments continue to mandate carbon-neutral transportation policies. As the industry continues to ramp up in terms of investor interest and stock valuations, NETE’s plan to enter the EV industry appears to be the right decision at precisely the right time.
For more information, visit the company’s website at www.NetElement.com.
NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE
September 30, 2026
Nano-X Imaging Ltd. (NASDAQ: NNOX) today announced that recent SEC Form 4 filings disclosed open-market purchases of the company’s ordinary shares by Chief Executive Officer Erez Meltzer and Board Director Dan Suesskind. These purchases are in addition to other open-market purchases of Nano-X ordinary shares by company insiders including Erez Meltzer, Dan Suesskind and Board […]
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