Tillkännagivande • Jul 13
Clean Motion Moves Battery Swap Technology In EVIG To Validation Within STOLT Clean Motion integrated battery swap technology into the solar charged electric vehicle EVIG. Clean Motion is delivering vehicles to Stockholm Local Transition (STOLT), where the solution enters validation in real urban conditions with Foodora. In the project, Clean Motion works with the City of Stockholm, Lund University, GoCimo and Foodora. The focus is on demonstrating how shared battery infrastructure can serve more types of electric vehicles, from electric mopeds to small electric transport vehicles, to accelerate the transition to a zero emission city centre by 2030. The initiative is part of the City of Stockholm's strategy for a more sustainable, liveable and attractive urban environment. Electrified and quiet transport reduces congestion, air pollution and noise while increasing transport efficiency. The project is funded by Vinnova and Viable Cities, with Clean Motion receiving a development grant of SEK 920,000. EVIG is a Swedish made lightweight electric vehicle developed for transport and service. Range is 100 to 150 km depending on configuration, and on a sunny day the vehicle adds another 40 to 50 km through the solar panel that forms its roof. With battery swap, the charging stop disappears entirely. The vehicle can run without interruption, year round, in any weather. Over the past year, battery systems, mechanics and interfaces have been adapted so that EVIG can use the same swappable batteries already available in GoCimo's infrastructure in Stockholm. Validation is carried out in live operation with Foodora, including sensitive areas such as Gamla Stan and clean air zone class 3. Stockholm already has an established battery swap infrastructure through GoCimo. With EVIG, that infrastructure now extends to more vehicle types. Validation takes place in live operation and the results will determine how the solution is taken forward. Tillkännagivande • May 12
Clean Motion AB (publ), Annual General Meeting, Jun 12, 2026 Clean Motion AB (publ), Annual General Meeting, Jun 12, 2026, at 15:00 W. Europe Standard Time. Location: at the company premises at fabriksstraket 3, in jonsered, Sweden Tillkännagivande • Apr 25
Clean Motion AB Showcases Evig Memorial At Befa Forum Clean Motion AB will exhibit at BEFA Forum 2026, the leading international funeral trade fair, taking place 4-6 June 2026 at Messe Düsseldorf, Germany. The company will showcase EVIG Memorial, its fully electric and solar-powered funeral vehicle, together with Bestattung Wien, one of Europe's most respected funeral service providers and a valued Clean Motion customer and partner. For Clean Motion, the exhibition is a key opportunity to introduce EVIG Memorial to funeral service professionals across Europe, showcasing electric and solar-powered vehicle technology at the forefront of sustainable funeral transport innovation. Designed and manufactured in Sweden, EVIG Memorial is a fully electric, solar-powered funeral vehicle purpose-built for urn transport. Clean Motion invites funeral service professionals and industry partners to visit stand 13 F04 at BEFA Forum 2026, taking place 4-6 June at Messe Düsseldorf, Germany. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 34% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr8.1m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 49% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (kr1.8m revenue, or US$194k). Market cap is less than US$10m (kr29.3m market cap, or US$3.09m). Reported Earnings • Aug 25
Second quarter 2025 earnings released Second quarter 2025 results: Net loss: kr2.68m (loss narrowed 22% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Aug 21
Clean Motion Launches New Retail Concept with EVIG-A Mobile Store on Wheels That Combines Sustainable Technology, Flexibility, and Seamless Payment Solutions Clean Motion is launching a new retail concept with its electric vehicle, EVIG-a mobile store on wheels that combines sustainable technology, flexibility, and seamless payment solutions. The first to test this solution is CHIMI, which will allow visitors at the Disrupt Retail conference on August 25-26 to purchase sunglasses directly from the vehicle using self-scanning and payment with Swish. The debut, presented in collaboration with CHIMI and Swish, gives visitors an opportunity to experience what the future of commerce could look like-mobile, convenient, and sustainable. By combining electric vehicles with digital payment, a customer experience is created that is both innovative, frictionless, and accessible wherever the customer happens to be. The electric store will travel the streets of Stockholm from August 19-26, parking outside Berns during the conference days, where visitors can purchase CHIMI sunglasses directly from the vehicle-quickly, easily, and without queues using Swish. Disrupt Retail, a new conference focused on innovation in retail, highlights future store solutions. EVIG's mobile store is a concrete example of how brands can meet customers in a sustainable and cost-effective way, regardless of location. The collaboration between Clean Motion, Swish, and CHIMI demonstrates how commerce can take new forms-combining technology, mobility, and customer experience to create smart store solutions for city environments, events, and pop-up settings. Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: Net loss: kr5.47m (loss widened 37% from 1Q 2024). Tillkännagivande • Apr 11
Clean Motion AB Re- Launches Zbee in India Clean Motion announced the re-launch of its premium electric three-wheeler, Zbee, in India. Pre-orders for Zbee are now open at the new site Zbeemobility.com, with introductory pricing starting from USD 4,990. Early deliveries are planned for the end of the second quarter of 2025 and the company is implementing a carefully managed scale-up strategy, beginning with limited production volumes of 100-200 units in 2025 and increasing to approximately 1,000 units by 2026. The vehicle is manufactured locally through Clean Motion's partially owned entity, Clean Mobility Solutions Pvt Ltd, and prospective buyers in India and abroad can now reserve their Zbee at the introductory pre-order price of USD 4,990 through the new website Zbeemobility. website. Premium Segment and Clear Growth Strategy: With its sleek design and high-quality build, Zbee stands out from conventional three-wheelers, offering a much safer, premium alternative for urban mobility. A carefully managed rollout will begin with 100-200 vehicles in 2025, followed by a gradual scale-up to approximately 1,000 vehicles by the end of 2026. The focus is on establishing a robust, quality-assured manufacturing setup to support long-term growth. Strong Financial Backing and Strategic Partnerships: The Indian entity, Clean Mobility Solutions India Pvt Ltd, is locally financed through investments from India Accelerator and Finvolve, and holds an exclusive license to manufacture and sell Zbee in India. The license agreement allows Clean Motion AB to retain ownership of the Zbee product and brand, while supporting international expansion with minimal financial or operational risk. This structure strengthens the company's global presence and secures future revenue from one of the world's largest mobility markets-- while enabling it to focus internal resources on product development and strategic growth. The initial focus is fully on sales and establishment in the Indian market. At the same time, the groundwork is being laid for future exports, with interest already emerging from regions such as Europe, Africa, and Southeast Asia. This international demand could, over time, support an even broader global expansion of Zbee. Pre-orders are now officially open at Zbeemobility. Tillkännagivande • Apr 07
Clean Motion AB (Publ) Participates in Battery Swap Technology Project - Unveil New Opportunities for Sustainable, Convenven Operations Clean Motion is participating in a new project within STOLT (Stockholm Local Transition), aiming to electrify and optimize last-mile deliveries in central Stockholm. By integrating battery swap technology into the solar-charged, electric vehicle EVIG, a new type of solution is being defined - future-proof, uninterrupted in operation, and optimized for sustainable urban transportation. In this project, Clean Motion is collaborating with the City of Stockholm, Lund University, GoCimo, and Foodora. The focus is on demonstrating how shared battery infrastructure can be utilized for various types of electric vehicles - from e-mopeds to small electric transport vehicles - to accelerate the transition to a zero-emission inner city by 2030. This initiative is part of the City of Stockholm's strategy to create a more sustainable, vibrant, and attractive urban environment. Through electrified and silent transport, congestion, air pollution, and noise levels are reduced, while transport efficiency is maximized. The project is funded by Vinnova and Viable Cities, with Clean Motion receiving a development grant of SEK 920,000. EVIG - a Swedish-made lightweight electric vehicle with solar charging - will now be fully supported for battery swap technology. This enables uninterrupted operation without charging stops, increasing both efficiency and accessibility for operators such as Foodora. During a 12-month test period, the vehicle will be evaluated in real urban environments, including sensitive areas such as Gamla Stan and Clean Air Zone Class 3 by Foodora. Stockholm already has an established battery swap infrastructure through GoCimo, and this project now enables an expanded application to more types of electric vehicles. For Clean Motion, this presents an exciting opportunity to further strengthen EVIG's position as the most flexible and energy-efficient transport solution for urban deliveries and services. This project is not just a trial - it is a tangible step toward accelerating a new standard for urban transportation and mobility. The results from the test period will serve as a foundation for future collaborations both in Sweden and internationally. Tillkännagivande • Mar 27
Clean Motion AB (publ), Annual General Meeting, Apr 23, 2025 Clean Motion AB (publ), Annual General Meeting, Apr 23, 2025, at 17:00 W. Europe Standard Time. New Risk • Mar 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 89% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr15m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 3.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m (kr1.1m revenue, or US$108k). Market cap is less than US$10m (kr25.2m market cap, or US$2.49m). Reported Earnings • Mar 14
Full year 2024 earnings released: kr0.30 loss per share (vs kr0.11 loss in FY 2023) Full year 2024 results: kr0.30 loss per share (further deteriorated from kr0.11 loss in FY 2023). Net loss: kr21.1m (loss widened 206% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Dec 11
Clean Motion Appoints Louise Jeansson as Chief Communications & Marketing Officer Clean Motion AB (publ) announced Louise Jeansson as new Chief Communications & Marketing Officer. In this pivotal role, Jeansson will lead the company’s marketing and communications efforts while also managing investor relations. Louise Jeansson brings a dynamic approach to marketing, blending digital strategies with a strong foundation in brand building and stakeholder engagement. She joins Clean Motion with a wealth of experience, and a long career in the field, latest working with global marketing and communications at Essity. Her appointment comes at a perfect time as Clean Motion accelerates the commercialization of its innovative electric delivery vehicle, EVIG. The appointment of a Chief Marketing & Communications Officer reflects Clean Motion's commitment to aligning strategic growth with transparent investor communication and shows another decisive step in the company’s expansion plans. Reported Earnings • Nov 18
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr909.0k (up 8.1% from 3Q 2023). Net loss: kr3.49m (loss widened 82% from 3Q 2023). Tillkännagivande • Oct 17
Clean Motion Announces the Opportunity for Exclusive Test Drives of its Innovative, Solar-Powered Last-Mile Delivery Vehicle, EVIG Clean Motion announced the opportunity for exclusive test drives of its innovative, solar-powered last-mile delivery vehicle, EVIG, at two upcoming international expos. Clean Motion is expanding its reach by offering hands-on test drives and showcasing the EVIG at two premier industry events. These expos provide an invaluable opportunity for potential customers and key decision-makers in the transport, postal, and last-mile delivery sectors to experience the benefits of the EVIG firsthand. Industry leaders and transport professionals are invited to visit Clean Motion's booth to learn how the EVIG delivers unmatched efficiency and sustainability in last-mile delivery. The Clean Motion team will be available to answer questions and discuss how their solutions align with increasing environmental demands and city regulations regarding non-emission-free vehicles. Tillkännagivande • Sep 26
Clean Motion AB (publ) appoints Cameron Crisman Clean as Head of International Growth Clean Motion AB announced that Cameron Crisman is joining the company as Head of International Growth. With his vast experience in business development and market expansion, particularly within the electric vehicle industry and sustainability-focused companies, Cameron will play a key role in strengthening Clean Motion’s presence across both Europe and global markets. His arrival comes at a crucial time as Clean Motion accelerates its growth and commercialization of the innovative solar-powered EVIG. Originally from Los Angeles, California, and now based in Stockholm, Cameron has a solid background in business development for fast-growing companies. In his new role, he will focus on leading Clean Motion’s expansion, with a particular emphasis on boosting sales in Europe and international markets. With extensive experience in driving international growth within the electric vehicle industry, luxury products, and sustainable technologies, Cameron’s expertise in the European market, combined with his broad international experience, will significantly support Clean Motion’s growth ambitions. Tillkännagivande • Sep 11
Clean Motion AB (Publ) Appoints Martin Ericson as Head of Launch Management & Mechanical Engineering Clean Motion AB (publ) strengthened its team with the addition of Martin Ericson, who assumes the role of Head of Launch Management & Mechanical Engineering. Martin, who most recently ran his own consultancy in product development and quality management, has a background in the automotive and aerospace industries. He previously held a leadership role at the clean technology company Azelio, with site responsibility and oversight of installation and testing. Prior to that, Martin spent over a decade at SAAB Automobile, focusing on body and exterior system design, and worked at GKN Aerospace for 15 years, where he was involved in product development, manufacturing processes, and production management. Tillkännagivande • Sep 03
Clean Motion Announces its Participation at IAA Transportation 2024 in Hannover, Germany Clean Motion announced its participation at IAA Transportation 2024 in Hannover, Germany, where they will showcase EVIG, the company's latest innovation in electric vehicles for truly sustainable urban transport. IAA Transportation, Internationale Automobil-Ausstellung, is one of the world's largest automotive fairs and a platform focused on logistics, commercial vehicles, and the transport sector, showcasing the latest innovations and sustainable solutions in the industry. Clean Motion will be alongside the global automotive component supplier Valeo, showcasing EVIG, the new innovative nearly emission free vehicle designed specifically for last-mile deliveries in urban environments. EVIG is powered by Valeo e-access powertrain and utilizes solar panels on the roof for optimized last-mile delivery in urban environments. In fact, every detail of EVIG has been carefully crafted - all to maximise energy efficiency, resulting in an impressive product that is catching the industry's attention. The vehicle is made to support the scalability of the fleet operations, both environmentally and financially. With its innovative design and connectivity-enabled services, EVIG is not just an electric vehicle; it's a smart investment for businesses aiming to future-proof their operations in increasingly eco-conscious cities, being ten times better from a sustainability perspective at about one third of the cost. The participation in IAA Transportation is one of many activities in Clean Motion's bold new marketing strategy, aimed at expanding its market presence and driving product sales internationally. Tillkännagivande • Aug 26
Clean Motion AB (publ), Annual General Meeting, Nov 20, 2025 Clean Motion AB (publ), Annual General Meeting, Nov 20, 2025. Reported Earnings • Aug 25
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr2.07m (down 6.7% from 2Q 2023). Net loss: kr3.44m (loss widened 116% from 2Q 2023). New Risk • Jun 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Revenue is less than US$5m (kr15m revenue, or US$1.4m). Market cap is less than US$100m (kr166.4m market cap, or US$15.9m). New Risk • Jun 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr4.5m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m (kr8.5m revenue, or US$818k). Minor Risk Market cap is less than US$100m (kr135.8m market cap, or US$13.0m). Reported Earnings • May 20
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr1.27m (up kr1.22m from 1Q 2023). Net loss: kr4.00m (loss widened 44% from 1Q 2023). Reported Earnings • Mar 18
Full year 2023 earnings released: kr0.11 loss per share (vs kr0.20 loss in FY 2022) Full year 2023 results: kr0.11 loss per share (improved from kr0.20 loss in FY 2022). Revenue: kr9.09m (up kr8.39m from FY 2022). Net loss: kr6.82m (loss narrowed 46% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (kr3.2m revenue, or US$311k). Market cap is less than US$10m (kr55.8m market cap, or US$5.39m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Tillkännagivande • Nov 02
Clean Motion to Design and Develop A Premium Luggage-Trailer for NEOM Airport Clean Motion AB has started the design of a premium luggage trailer for their solar-powered vehicle EVIG, where the trailer is going to be used for the transportation of luggage from NEOM Airport to Sindalah Island. The order comes as an extension of the existing framework agreement signed in May, where Clean Motion is to deliver a tailor-made solution for 'last-mile delivery' on Sindalah Island. EVIG's design language and components will be the base for the trailer, and the goal is to begin deliveries during First Quarter 2024. NEOM, located in northwest Saudi Arabia, is a visionary infrastructure project built from scratch. The island of Sindalah, in the Red Sea, is set to be the first destination to welcome visitors at the beginning of 2024. Clean Motion's comprehensive last-mile delivery system, which includes vehicles, trailers, and roll cages, will be responsible for streamlining logistics on the island. Tillkännagivande • Sep 22
Clean Motion Debuted Its Solar-Powered Delivery Vehicle Evig in Milan, Italy Clean Motion debuted its solar-powered delivery vehicle EVIG in Milan, Italy. With the distributor X-Raam e-mobility solutions, Clean Motion has premiered EVIG for the first time in Italy. The premiere was held at the grand opening of the first X-Raam-store, entirely dedicated to urban mobility, in Milan's city center. As cities look for sustainable solutions for last-mile delivery, the need for vehicles made for dense areas and zero-emission zones is increasing. EVIG, with its cutting-edge features, is tailored for urban environments. Its solar roof ensures extended range, reduced carbon footprint, and optimum efficiency. Reported Earnings • Aug 23
Second quarter 2023 earnings released Second quarter 2023 results: Net loss: kr1.60m (loss narrowed 7.1% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 22
First quarter 2023 earnings released First quarter 2023 results: Net loss: kr2.78m (loss widened 99% from 1Q 2022). Reported Earnings • Mar 17
Full year 2022 earnings released: kr0.25 loss per share (vs kr0.07 loss in FY 2021) Full year 2022 results: kr0.25 loss per share (further deteriorated from kr0.07 loss in FY 2021). Net loss: kr12.6m (loss widened 214% from FY 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman of the Board Anna Petre was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: kr1.72m (loss widened kr1.48m from 2Q 2021). Reported Earnings • May 24
First quarter 2022 earnings released First quarter 2022 results: Net loss: kr1.40m (loss widened 132% from 1Q 2021). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Chairman of the Board Anna Petre was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.16 loss per share. Net loss: kr4.02m (down 157% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 08
New 90-day low: kr1.01 The company is down 26% from its price of kr1.36 on 08 December 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 22% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: kr0.99 The company is down 20% from its price of kr1.25 on 11 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 09
New 90-day low: kr1.00 The company is down 21% from its price of kr1.27 on 10 July 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 10.0% over the same period. 
