Fox e-mobility AG Announces €7.3 Million Capital Increase

Fox e-mobility AG, a German electric vehicle company, has announced a capital increase of up to €7.3 million. The funds are dedicated to producing the MIA 2.0, a fully functional concept car expected by September 2026. This initiative follows a public subscription offer, allowing current shareholders to purchase 10 new shares for each existing share at €1.00 per share.

Quirin Privatbank AG facilitates the process as the investment bank. The company anticipates robust shareholder interest due to the current share price performance. Additionally, qualified investors will have the opportunity to subscribe to remaining shares through a private placement from October 2 to 7, 2025.

Eighty percent of the capital raised will support the development of the MIA 2.0, preparing for series production. Future press releases will detail partnerships and new management related to the car's development.