Enables first customer deliveries in Thailand, the fifth largest market for two-wheeler sales globally, while Zapp advances toward commercial rollout in more countries in Southeast Asia in addition to India

LONDON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) (“Zapp EV” or the “Company”), owner of “Zapp”, the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced its operating subsidiaries have completed homologation with the Department of Land Transportation in Thailand to sell its i300 electric urban motorcycle in the country. First customer deliveries are expected in the months ahead.

Swin Chatsuwan, Founder and Chief Executive Officer of Zapp EV, said: “Vehicle homologation in Thailand is another important step forward for Zapp, which activates the commercial launch in our first Southeast Asian country. Thailand is one of the largest and most mature markets for two-wheelers in the region. An estimated 87% of households in the country owns at least one two-wheeler. And as a leader market, around half of consumers now purchase premium models similar to those bought by Europeans.

“We believe i300’s nine-time award-winning design and high performance makes it a perfect proposition for global markets that are already dominated by urban step-throughs, with consumers looking to switch to electric. We look forward to our first customer deliveries in Thailand and to further commercial launches in other key Southeast Asian countries like Indonesia and Vietnam. There are nearly 500 million two wheelers on the road in Southeast Asia and India, and these regions collectively comprise more than half of annual two-wheeler sales globally.”

About Zapp EV

Zapp EV (Nasdaq: ZAPP) and its operating subsidiaries are run by a team of experts from the mobility industry, on a mission to redefine the electric two-wheeler segment. Zapp's debut product, the i300, is an urban electric high-performance two-wheeler capable of traditional motorcycle levels of performance in a step-through format, combining ease of use with exhilaration and fun. The i300 is the first in a suite of high-performance electric two-wheelers that Zapp plans to bring to market. Zapp will offer a high-quality direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). Customers ordering the i300 online will have their bikes conveniently delivered to their home by authorised “Zappers,” who will provide at-home inspection, service and support throughout the vehicle ownership lifecycle. Zapp is a registered trademark of Zapp Electric Vehicles Limited in the United Kingdom and other countries. For more information, visit www.zappev.com.