PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) today announced its entry into a memorandum of understanding (“MOU”) to use its DRIVRZ(TM) technology to supply leasing, purchasing and other financial services to Atlis Motor Vehicles Inc. (“ATLIS”), an emerging electric truck manufacturer and subscription electric vehicle (“EV”) provider. According to the update, both companies intend to work together to develop a bespoke, white-labelled marketplace for ATLIS, allowing buyers of ATLIS XT trucks to purchase, lease and insure their vehicles from any digital device. “Working with ATLIS, which is pioneering the subscription model for EV ownership, is another significant advance in PowerBand’s mission to make DRIVRZ the leader in the evolving EV automotive retail sector,” said PowerBand CEO Kelly Jennings.
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About PowerBand Solutions Inc.
PowerBand Solutions, listed on the TSX Venture Exchange and the OTCQB markets, is a fintech provider disrupting the automotive industry. PowerBand’s integrated, cloud-based platform facilitates transactions amongst consumers, dealers, funders and manufacturers (“OEMs”). It enables them to buy, sell, trade, finance, and lease new and used, electric- and non-electric vehicles, on smart phones or any other online digital devices, from any location. PowerBand’s transaction platform – DRIVRZ(TM) – will be available across North American and global markets. For more information, visit www.PowerBandSolutions.com.
NOTE TO INVESTORS: The latest news and updates relating to PWWBF are available in the company’s newsroom at http://ibn.fm/PWWBF
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