Beyond Commerce Inc. (OTCMKTS:BYOC) was up 50% after the B2B internet marketing analytics, services, and technologies provider announced phase II CityFreighter CF1 Beta ACT EXPO Long Beach 2021.
Trading Data
On Tuesday, BYOC stock soared 50% to $0.0006 with more than 634.24 million shares, compared to its average volume of 233.78 million shares. The stock has moved within a range of $0.0004 – 0.0007 after opening trade at $0.0004.
Acquires Minority Stake in CityFreighter, an Electric Vehicle Last Mile Delivery Company
A functional and drivable heat pump-based thermal management system equipped with 150hW 260nm E-Axle, 77kWh NMC Battery, and Steer by Wire Option. CityFreighter is targeting commercial manufacture in later next year and early 2023. Incorporated in 2018, CityFreighter Inc. seeks to create innovative and smart transport solutions that can lower TCO and optimize operational efficiency for fleet operators and drivers.
Recently CityFreighter launched the CF1 Beta version, which is a class 3 electric Box Van created for last-mile delivery. Notably, CF1 integrates the maneuverability of a cargo van and the space advantages of a box truck to offer the best payload capabilities. Additionally, it introduces new features for the class, such as steer by wire capabilities and heat pump thermal management system. Therefore,in the coming weeks, investors should keep an eye on BYOC.
Key Quote
Geordan Pursglove, Beyond Commerce’s Chief Executive Officer, commented, “Our initial investment for a minority stake in CityFreighter provides Beyond Commerce shareholders a potential huge upside in value. While other comparable Electric Vehicle startups are valued at hundreds of millions to billions of dollars, we were able to attain such an investment because of our relationships and strategic potential of Service 800 being able to provide customer service and data collection for CityFreighter. We made the investment to build a strategic partnership to help them with their data capture and telematics in the future.”
