Life Electric Vehicles Holdings Inc. (OTC:LFEV) Falls 13%: IBN Initiates Coverage

The electric vehicle industry is expected to be the prime focus among many investors owing to its considerable growth potential, and there are a number of companies that one can look into that do not belong to the group of usual names. One such name is Life Electric Vehicles Holdings Inc. (OTC:LFEV), which develops, manufactures, and distributes light electric vehicles.

Yesterday, the company hit the newswires after it announced that it had chosen IBN to provide assistance with its corporate communications necessities. IBN is a diversified publishing and financial news company that provides its services to both public and private companies. As a company, Life Electric Vehicles Holdings, along with its subsidiary units, is involved in the acquisition and launch of a number of brands of e-trikes, e-bikes, light electric vehicles, and e-scooters. The company does that with the ultimate target of becoming a leading player in the American micro-mobility space.

In this context, it should be noted that the light electric vehicle industry has become a major source of electric vehicle sales in the United States and Europe in recent times. Other than ready-to-ride electric vehicles, Life Electric Vehicles Holdings also aims to distribute components like batteries, controllers, chargers, motors, and electric vehicle parts to third-party manufacturing entities in the United States and the rest of the world.

As per the terms of the agreement signed with IBN, the publishing company would deploy its huge investor-based distribution network, comprising various newsletters, wire services, social media channels, blogs, 5000+ syndication outlets, and other forms of dissemination tools, to raise awareness about the company. IBN has been involved in this space for more than 18 years and has helped more than 500 clients with their corporate communication needs throughout that time.