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    5G1   SG2G55000001

EUROSPORTS GLOBAL LIMITED

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General Announcement::Scorpio Electric Launches Pre-orders of the X1, the First Singapore Electric Motorcycle

10/22/2021 | 06:34am EST

Scorpio Electric Launches Pre-orders of the X1, the First Singapore Electric Motorcycle

SINGAPORE, 22 OCTOBER, 2021 - Scorpio Electric launches the X1 globally and is now available for pre-orders via their new website www.scorpioelectric.comon 22 October, 1800hrs GMT+8. A digital world premiere of the X1 will also be showcased on Scorpio Electric's Facebook and Instagramaccounts.

"We are thrilled to be unveiling our first X1, from Singapore to the world. Just like the most powerful star in the Scorpio constellation, the X1 will be a leader in her category. As the first Singapore electric vehicle brand, we continuously push boundaries to perfect design, performance and technology. We are one step closer to sharing our vision with our riders - a future of electric mobility that was unperceivable," commented Joshua Goh, Deputy CEO of Scorpio Electric.

X1: "Future Unseen"

Unique and not seen, the X1 is the most powerful star in the Scorpio constellation. Category defining, the X1 paves the way for smart riding and pioneers the unseen future.

Guided by the brand's core values design, performance and technology, the X1 is designed and engineered for a new generation of lifestyle riders.

Design That Moves

Beauty in form, premium in quality, the X1 design goes beyond the tangible and invites to be experienced. Ergonomically designed to conquer any city adventure anywhere in the world, the X1 spots a number of notable design features:

  • Clean lines with an overall head-turning form factor
  • Unique LED headlight and taillight
  • Integrated powertrain distinctly built within single-sided swingarm

Best in Category Performance

The X1 targets to hit a top speed of 105kph and a projected range of 200km1 per single full charge, delivering a category defining riding experience.

Future-Proof Technology

To deliver a truly smart high-performance electric motorcycle, we have developed a proprietary mobile application that seamlessly connects with the X1. New features that cater to evolving lifestyle riding requirements will be offered through our mobile application.

Some of the key features include:

  • Keyless entry
  • Remote bike lock / unlock
  • Real-timevehicle status information (e.g. trip summary, battery status, estimated range and other vital statistics)
  • Smart navigation (e.g. alerting riders on adverse conditions or high incident occurrence route)
  • Vehicle locator
  • Anti-theftalert

_______________________________

  • Range is based on our projected World Motorcycle Test Cycle ("WMTC") estimated range. WMTC range is currently not available. Actual range will be dependent on many factors, including battery age, driving habits, charging habits, temperatures, accessory use, and other factors as described in our owner's manual. Vehicle specifications and features are subject to change and European homologation standards.

An array of sensors is built into the X1 to collect live data for AI-assisted predictive analysis and enhance riding efficiencies. The X1 is a vision of the future by redefining the concept of smart riding.

Limited in annual production, the X1 retails at USD 9,8002 and is now available for pre-orders globally at a deposit of USD 1,000 via Scorpio Electric's website www.scorpioelectric.com. Delivery of bikes is targeted around late 2022 and early 2023. In conjunction with the launch, a series of questions as collected from the community will be answered on Scorpio Electric's Facebook and Instagramaccounts. Follow Scorpio Electric on social media for more updates.

_______________________________

  • Prices above are indicative only and are exclusive of taxes and other charges.

For press inquiries, please contact:

Eileen Tan

Marketing Communications Manager

  1. eileen@scorpioelectric.com
  1. +65 9363 8053

About EuroSports Technologies Pte. Ltd.

Incorporated in 2012, EuroSports Technologies Pte. Ltd. is a company backed by EuroSports Global Limited. Since 2017, EuroSports Technologies Pte. Ltd. have ventured into the electric vehicle business. The company aims to be a global brand and technology innovator in the two-wheeler electric vehicle space. We aim to create visually appealing and smart products that have a symbiotic relationship with the users, while reducing the world's carbon footprint.

The company owns the brand Scorpio Electric, as well as a new B2B brand currently in its incubation phase.

Scorpio Electric is a Singaporean electric vehicle manufacturer specialising in electric motorcycles with a focus in design, performance and technology.

For more information, please refer to: https://www.scorpioelectric.comor our related social media platforms @scorpioelectric

About EuroSports Global Limited

Established in 1998, EuroSports Global Limited has a long history in the distribution of ultra-luxury and luxury automobiles and provision of after-sales services. The company's automobile sales business retails new ultra- luxury and luxury automobile brands comprising mainly Lamborghini, Alfa Romeo and Touring Superleggera.

EuroSports Global Limited is the sole authorised dealer for Lamborghini in Singapore since 2002 and Indonesia since 2018, the exclusive importer and distributor for Alfa Romeo in Singapore since 2004 and the exclusive distributor for Touring Superleggera in Singapore, Malaysia, Brunei and Indonesia and non-exclusive distributorship in the PRC since October 2012.

EuroSports Global Limited is investing to develop a sustainable mobility solution in the form of a fully electric motorcycle under the brand, Scorpio Electric.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Mah How Soon, Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, sponsor@rhtgoc.com

Disclaimer

EuroSports Global Ltd. published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 10:33:05 UTC.


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Financials
Sales 2021 49,1 M 35,9 M 35,9 M
Net income 2021 -3,69 M -2,70 M -2,70 M
Net cash 2021 3,15 M 2,30 M 2,30 M
P/E ratio 2021 -18,7x
Yield 2021 -
Capitalization 46,0 M 33,5 M 33,6 M
EV / Sales 2020 0,57x
EV / Sales 2021 1,34x
Nbr of Employees 81
Free-Float 19,9%
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Managers and Directors
Kim Hup Goh Executive Chairman & Chief Executive Officer
Soon Fatt Eyu Director-Technical Support
Jun Wei Tan Chief Operating Officer
Tiak Soon Ng Lead Independent Non-Executive Director
Siok Sing Tan Independent Non-Executive Director