Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Lennart Christer Jeansson was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 14
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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 • Jul 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.76m (US$7.31m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Market cap is less than US$10m (€6.76m market cap, or US$7.31m). 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). 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 (30% 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 (€14.8m market cap, or US$15.9m). 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 91 percentage points per year, which is a significant difference in performance. Duyuru • 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. Duyuru • 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 6% 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 8% 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. Duyuru • Oct 29
Clean Motion Launches Electric Solar Delivery Vehicle Clean Motion has officially launched the electric solar delivery vehicle, EVIG. From it is now possible to order the vehicle using Clean Motion’s own fleet configurator on the website with delivery first quarter 2023. The company also revealed the new groundbreaking fleet calculator making it possible to calculate both cost and emissions from the fleet and compare it with conventional EVs. Clean Motion a dévoilé le design final et ouvert les commanded. EVIG is the answer to the critical need for electric delivery vehicles for cities. It is optimized for last-mile deliveries in urban environments, able to carry anything from pallets and packages to post and food. For things that need to be moved in cities, with minimal impact. Carefully developed based on market needs. In Europe there are over 16 million LCVs operating in cities, mostly running on fossil fuels. With the new vehicle EVIG, Clean Motion tends to set a new standard for city delivery and urban utility vehicles. EVIG takes energy efficiency to a new level by having the lightest vehicle weight to cargo volume on the market. Key features: 2.5 cubic meter of cargo space for maximized utilization; 2.5 square meter solar roof for minimal dependence on charging infrastructure; Low weight for optimized energy efficiency and long range; and Battery range up to 200km. Prices will start at EUR 10.900, with deliveries coming in first quarter 2023. Duyuru • Oct 22
\Clean Motion AB Announces Official Launch of its Electric Solar Delivery Vehicle, EVIG Clean Motion AB announced that the official launch of its electric solar delivery vehicle, EVIG. At the live event in Gothenburg Sweden, the company announced that it is now possible to order the vehicle using Clean Motion’s own fleet configurator on the website. EVIG is the answer to the critical need for electric delivery vehicles for cities. It is optimised for last-mile deliveries in urban environments, able to carry anything from pallets and packages to post and food. For things that need to be moved in cities, with minimal impact. Carefully developed based on market needs. EVIG takes energy efficiency to a new level by having the lightest vehicle weight to cargo volume on the market. Key features involve: 2.5 cubic meter cargo space for maximised utilization; 2,5 square meter solar roof for minimal dependence on charging infrastructure; Low weight for optimised energy efficiency; and Battery range up to 200 km. Prices will start at EUR 10.900 with deliveries coming in the first quarter of 2023. The company also released its new fleet calculator where customers can compare and calculate the costs and emissions of their fleet. Duyuru • Oct 01
Clean Motion AB (publ) Releases New Website & Revamped Brand Identity Clean Motion AB (publ) released an updated brand identity and launched a new website. The update is part of the world premiere of their new last-mile delivery vehicle that unveils in Gothenburg, Sweden, on 20 October 2022. The Swedish electric vehicle manufacturer Clean Motion released in September 2021 that they had started developing a solar-powered, urban electric vehicle targeting last-mile delivery businesses in cities. For the past year, Clean Motion has been developing the new vehicle with commercial partners to make it fit for the market. The vehicle, called EVIG (Swedish meaning eternal), will be presented to the world at its launch event in Gothenburg on 20 October 2022. As part of the strategy, Clean Motion has now revamped the brand identity to communicate the mission more clearly and strengthen what the company stands for - clean, simple and efficient. The new brand identity combines warmer earthy tones reflecting the sustainability focus and a monochrome base reflecting the clean and nordic roots. In addition, the logo has clean, sharp lines, representing the core design philosophy - simplicity. 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 25
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. Duyuru • Mar 29
Clean Motion Starts a Total of Six Collaboration Projects for Optimization of Re:Volt Clean Motion has now started a total of six collaboration projects for optimization of Re:volt. The work on the projects has begun, and the goal is to roll out the first commercial pilot fleets during the coming fall. Another four projects will start in the spring. The projects cover most of the typical uses-cases of urban transport and together they willcontribute to a complete customer offering for the European market. The ordering of Re:volt opens this summer. During the fall of 2021, Clean Motion had dialogues with many companies in the last-mile segment. The purpose has been to find relevant partners to optimize and complete final versions of Re:volt to suit different uses-cases. Several of these partners are now in place, and the work is underway. The selected companies operate in retail, food deliveries, pharmacology, postal, and packages. Re:volt will be sold in a number of configurations designed for different types of businesses. The customer collaborations that are carried out focus on the following areas: Parcels and mail delivery: Re:volt for deliveries of smaller packages, and fast deliveries in large cities - Many starts and stops with smart loading and unloading. Temperature-sensitive cargo: Re:volt for temperature-controlled transportation - Focus on energy-efficient temperature control in the transport space. Pallet freight and heavier goods: Re:volt for larger packages and pallets deliveries - Focus on loading /unloading heavier goods. Maintenance and service: Re:volt as a service vehicle - Adapted for park and property management and craftsmen. With intelligent storage and integrated tool loading. Production of the first fleets for the commercial pilots will start later this year. The goal of the pilots is data collection and verification ahead of a full-scale rollout in the European market in early 2023. Clean Motion will start accepting orders in Europe by the summer. Production will initially take place in Trollhättan, Sweden. Depending on options and performance, the price will range between EUR 9,000 and EUR 19,000. 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 59% per year, which means it is significantly lagging earnings.