IQSTEL's Board Approves EVOSS Electric Motorcycle Model Production

iQSTEL's Board of Directors has authorized Management's proposal to produce the company's first batch of electric motorcycles

FREMONT, CA: iQSTEL's Board of Directors has approved Management's proposal to produce the company's first batch of electric motorcycles, offered through the B2C Division's EVOSS operational unit.

In the fourth quarter of this year, manufacturing will begin. It is iQSTEL's first EVOSS Electric Motorcycle model for Latin America, and it will fight against 125cc combustion engines or equivalent class motorcycles in the low horsepower market. The EVOSS Electric Motorcycle is suitable for both work and leisure. It will be a highly versatile EV bike suited for everyday use. It will be part of a larger ecosystem that spans the entire electric vehicle user experience, from purchase to maintenance to operation. The EVOSS ecosystem will integrate with our existing MAXMO/VIMO ecosystem to provide purchase, care, and operational, financial services to electric motorcycle owners.

Mr. Iglesias commented, "The first batch of our EVOSS Electric Motorcycles will be manufactured in China.  We selected China because it has the most mature market for low horsepower electric motorcycles in the world with more than 400 million of electric motorcycles running at this time. We plan to build on the existing electric motorcycle experience in China adding our technical knowledge to create a high value of EVOSS Electric Motorcycle Ecosystem product for the nascent Latin America EV Bike Market, presenting a huge earlier mover opportunity for IQSTEL.”

Mr. Iglesias added, "The decision to organize the Company into two divisions, a B2B division and B2C division, enables us to diversify our corporate communication and customer engagement strategies.  In a sense, the B2B and B2C divisions are two separate companies. The B2B division targeting telecommunication companies with value-added products and services where we build the IQSTelecom Brand, and the B2C division targeting the consumer market with Fintech services, some of which are integrated into other consumer ecosystems like transportation, where we build the EVOSS, MAXMO and VIMO brands “ all under one holding company iQSTEL."