OXFORD, England, June 20, 2024 /PRNewswire/ -- Helixx Industries
Ltd., a leading innovator in sustainable last-mile mobility and
urban transportation, is today announcing the appointment of Dr.
Young-Dall Lee as Vice Chairman and
Corporate Board Member to help drive an ambitious growth plan..
Dr. Lee's key responsibilities will include formulating
ambitious capitalization and funding strategies, and spearheading
global innovation acceleration to keep Helixx at the forefront of
sustainable last-mile mobility and urban transportation. He will
also be pivotal in executing Helixx's Corporate Business
Strategies, focusing on sustainable growth, market expansion,
strategic partnerships, operational efficiency, and maintaining
innovation leadership.
Steve Pegg, Helixx founder and
CEO: "I am hugely excited that Dr Lee is joining our board as
Vice Chairman helping to propel us to the next level. Helixx has
successfully launched its prototype Cargo vehicle, and we are in
the process of building a further 100 for scheduled pilot projects
with major global operators. This approach will position Helixx to
transition to a full market launch.
Dr. Lee has been instrumental in this process. Since last year,
his extensive expertise as a professor in global entrepreneurship
and strategy has refined our Customer Value Propositions and
Corporate Business Strategies. His contributions have led to the
development of 'The VE-MaaS™ Solution,' a fully vertically
integrated Eco-Smart Mobility as a Service (MaaS) platform designed
to redefine last-mile mobility and urban transportation, and the
new corporate slogan 'Move Better.'"
Today, Helixx is also announcing the launch of its Series A
fundraising round, targeting a capital infusion of £16 million
(US$20 million) or more, based on a
pre-money valuation of £84 million (approximately US$100 million). This funding round is primarily
targeting corporate venture capital (CVC) firms, with a strategic
focus on auto OEM CVCs such as Toyota Ventures and Hyundai CRADLE,
among others. This strategy is designed to foster an investment
environment with broad appeal to a range of potential investors
across a variety of specialisms, reflecting Helixx's breadth of
impact. Helixx represents a unique investment opportunity with its
transformative technology, strong market potential, superior cost
efficiency, and unwavering commitment to sustainability.
Helixx invites investors to join this transformative journey to
forge a sustainable last-mile mobility and urban transportation
ecosystem. Looking ahead, the company is targeting a multi-billion
valuation as early as 2030, with the potential for a high-value
public listing.
"With Helixx, everyone can Move Better™."
Helixx press kit: https://bit.ly/Helixxpresskit
About Helixx:
Helixx is a global technology company that empowers local
businesses everywhere to produce, supply, and maintain affordable,
sustainable small commercial EVs through its innovative 'Factory in
a Box' operating system.
Helixx was born to enable the shift towards sustainable, locally
manufactured electric mobility, particularly for last-mile fleet
electrification in Southeast Asian megacities. By liberating EV
business models from the legacy constraints of conventional
manufacturing, Helixx commercial EVs contribute to reducing carbon
emissions, promoting cleaner air in urban environments, and driving
economic growth in rapidly developing megacities.
Helixx was founded in 2022 by engineer and vehicle concept
designer Steve Pegg and hypercar
designers Jowyn Wong and
Jakub Jodlowski. Following
successful testing of the concept hub in Oxfordshire in partnership with Siemens,
Helixx will establish further pilot hubs in the UK and
Singapore, with India, MENA, and South America to follow.
Follow Helixx on Instagram @helixx.tech
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