Vehicle Holdings Inc. (OTC: LFEV) Reaches an Agreement with 1912 Walton and BLR Management

The trading has been an intriguing one so far, and one of the companies that could be on the radars of investors this morning is Life Electric Vehicle Holdings Inc. (OTC: LFEV). Yesterday, the company was in sharp focus after it made an announcement pertaining to E-Life Distributors, its fully owned subsidiary unit. In this feature, we will take a closer look.

The Update

Yesterday, it was announced that the subsidiary, which functions as Life Electric Vehicle Holdings’ sales unit, had gone into an Agent Agreement with 1912 and BLR Management. In the news release, it was announced that as per the terms of the agreement, 1912 and BLR Management would both market and sell the affiliated brands of Life Electric Vehicle Holdings.

Further Information

One of the brands that would be marketed includes CiX Cycles, an e-bike model line that had been recently launched aimed at mass-market big box retailers. In the news release, Life Electric Vehicle Holdings also announced that CiX Cycles will also offer a great entry-level price for the bike line, and prices would start at only $499 MSRP. It should be noted that the company had been successful in the development of the sample model.

Robert Provost, CEO of Life EV Holdings, states, “Producing an entry-level priced e-bike line made in the USA of proprietary designs combined with high-grade global components, at a starting price of $499, we believe will be a game changer for the industry. Our team’s experience with high-volume USA e-bike production, avoiding costly tariffs, combined with our expertise in big-box retail distribution, is expected to position CiX Cycles for success in the mass retail market.”