The iQSTEL Inc. (OTCB: IQST) Board of Directors permitted the management’s proposal for manufacturing the first batch of electrically run motorcycles (dubbed as EVOSS Electric Motorcycle). The electric motorcycles will be sold under the company’s B2C (business to consumer) division – EVOSS operating unit.
iQSTEL‘s EVOSS Electric Motorcycle
The manufacturing of the EVOSS Electric Motorcycle is scheduled to begin in the fourth quarter of 2021. The foremost EVOSS Electric Motorcycle variant in Latin America will contend in the low horsepower motorcycle market against the corresponding class motorcycle.
The first EVOSS Electric Motorcycle is made to be a versatile electric bike that will be designed for everyday use. The model is to be well adapted to the best of both worlds – work and fun.
The EVOSS Electric Motorcycle will be cohesive to a wholesome division that encompasses the Electric-vehicle user experience. iQSTEL will provide this wholesome experience right from the purchasing of the vehicle to the maintenance and operation of the same.
The EVOSS division will couple itself with the fintech division of MAXMO/VIMO, giving electric motorcycle users all sorts of fintech benefits like – PO Finance, maintenance, and operating financial services.
The first batch of EVOSS Electric Motorcycles is to be manufactured in China, which has contributed to more than 400 million electric motorcycles running worldwide. Owing to the mature Chinese market, for low horsepower electric motorcycles, the previously honed technical knowledge of the company will be enhanced by the existing Chinese electric motorcycle experience.
The embryonic Latin America Electric Vehicle Bike Market will thus witness a high-quality release of electrical vehicles in the market, under the banner of EVOSS. This will serve as a major opportunity for growth for iQSTEL.