LION E-Mobility AG: LION E-Mobility invests in the Munich start-up ParkHere

ParkHere is a successful Munich-based start-up company that has set itself the goal of facilitating the search for parking spaces with sensors embedded in the ground. The ultra-thin, energy-autonomous ground sensors are installed in the parking areas and register when a car enters or leaves the parking lot. Due to the increasing scarcity of parking spaces and often blocked electric charging stations, car park monitoring is becoming an increasingly important topic. The easy-to-integrate sensors do not require an external power supply and can therefore be quickly and easily installed.
The competitors, including well-known companies, already failed in the development of an efficient parking surveillance system in a pilot project. Due to its outstanding technical and scientific performance, ParkHere's innovative project was awarded with the VDE-Award as the first energy self-sufficient car park sensor. Quote from Mrs. Prof. Dr. -Ing. Petra Friedrich, Chairwoman of the VDE Southern Bavaria: "This year, a young start-up in the category of business will receive the VDE Award. The start-up convinced the jury with a particularly clever idea of a self-sufficient parking sensor. ParkHere has the potential for economic success."
From LION's point of view ParkHere is the market leader with this product concept, which is why LION E-Mobility AG has decided to invest in the company by issuing convertible bonds worth EUR 200,000. The investment will also enable us to make greater use of joint synergies with the Munich-based start-up in the future.

About LION E-Mobility AG:
LION E-Mobility AG (WKN: A1JG3H, Ticker: LMI, Reuters: LMIG.MU) is a Swiss Holding with strategic investments in the e-mobility sector, particularly in the field of electric energy storage as well as battery pack development and management. The Company holds 100% of the German LION Smart GmbH, a development and engineering company specialized on custom designed battery packs and battery-management-systems. LION Smart GmbH further holds a 30% stake of the TÜV SUED Battery Testing GmbH, a dynamically growing joint venture with the renowned TÜV SUED AG. Members of the Board of Directors are: Mr. Daniel Quinger (President of the Board), Mr. Tobias Mayer, Mr. Hany Magour, Dr. Isolde Semm and Mr. Martin Specht. The Management of LION Smart GmbH consists of Mr. Tobias Mayer and Mr. Walter Wimmer. The Managing Director of the TÜV SUED Battery Testing GmbH is Mr. Christian Theeck. For more information please visit our homepage: www.lionemobility.com
 
Disclaimer:
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Investor Relations Contact:
Mr. Walter Wimmer
Email: ir@lionemobility.de
http://www.lionemobility.com
 
LION E-Mobility AG
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