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Tropos Motors and MOSOLF to Sell All-Electric Compact Utility Vehicles in Europe, Global Markets

MORGAN HILL, Calif., July 9, 2019 – Tropos Technologies, Inc. and MOSOLF, one of Europe’s largest automotive logistics and service providers, today announced an agreement to form Tropos Motors Europe to sell Tropos Motors-branded all-electric compact utility vehicles (eCUVs) and trucks in Europe.

The two companies have formed Tropos Motors Europe GmbH, to be based in Germany. A factory site to build Tropos Motors eCUVs has been selected near Dortmund. An initial order has been placed, and Tropos Motors Europe has plans to produce thousands of vehicles over the next five years for Europe and other global markets.

“We see increasing sales potential for all-electric compact utility vehicles in Europe,” said Dr. Jörg Mosolf, CEO of MOSOLF Group. “Governments, cities, and businesses across the continent are seeking sustainable zero-emissions transportation solutions, and Tropos Motors’ low-speed compact utility vehicles are capable, reliable and dependable for applications including corporate, fleet, first-responder, agriculture, last-mile delivery, and construction applications.”

Tropos Technologies, based in Silicon Valley, develops and manufactures eCUVs and trucks under the Tropos brand and until now has primarily focused on United States market.

“We are having terrific success in the U.S. satisfying fleets with our all-electric ABLE product line,” said John Bautista, founder and CEO of Tropos Motors. “Now European customers will get a chance to take advantage of compact vehicles that are capable of handling large payloads and towing capacities and can operate in extremely tight areas with a short wheelbase and turning radius. Our eCUVs offer the highest level of utility and maneuverability in a compact, zero-emissions package that customers around the world will love.”

About MOSOLF Group

The MOSOLF Group is one of the leading system service providers for the automobile industry in Europe. The family business, which was founded in 1955, has its headquarters in Kirchheim unter Teck, and provides a range of services. These include tailor-made logistics, technical and service solutions provided using a network of business sites across Europe and a multi-modal fleet. The spectrum of services provided by the MOSOLF Group covers the complete value-added chain for automobile logistics from the end of the production line to recycling. In addition to transporting vehicles (cars, light vans, high & heavy vehicles), workshop services, special vehicle construction, industrial paintwork, mobility services, releasing agent services, and vehicle recycling are all part of the portfolio of services. Within this context, MOSOLF provides all-round, customized solutions for the automobile industry, fleet operators, and dealers from one source and also handles the associated data flow using modern software solutions. To learn more, visit www.mosolf.com.

About Tropos Technologies, Inc. and Tropos Motors

Tropos Technologies, Inc. is a Silicon Valley-based startup that manufacturers and distributes all-electric, street-legal vehicles, specializing in utility e-LSVs – electric low-speed vehicles – and trucks under the Tropos Motors brand. These vehicles are designed for corporate, fleet, first-responder, agriculture, last-mile delivery, and construction applications. Tropos employs the latest EV technology, experienced engineering, and modern design aesthetics. The Tropos Motors ABLE™ is a full line of durable, versatile, and available eCUVs (electric Compact Utility Vehicles). The Tropos Motors product line is capable of handling large payloads and towing capacities and can operate in extremely tight quarters with a short wheelbase and turning radius. Tropos Motors eCUVs can be operated indoors, outdoors, and off-road. Available in countless configurations, their trucks are ready to work as hard as you do, no matter the job. For more information, please visit http://tropostech.com.

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