UTOPIA TECHNOLOGY

Our focus is on working with industry to promote renewable energy technology. With a long list of projects and experience behind us and a well experienced team, our goal is to bring our customers into the future of renewable electricity generation and smart mobility. Our model is to take a deep dive into the specific needs of each client. Utopia is able to analyze the technology and energy behavior, evaluate the facility and it’s equipment, put together the most efficient action plan and implement the measures that best suit the client. Providing consulting services for private and public entities in which we assess the financial and physical feasibility of various renewable energy and energy efficiency projects for our clients. We analyze the footprint of our clients and determine, based on their business structure, operations and physical location what the most appropriate method is to reduce their carbon emissions and create new sources of cash flow that can be put back into their business.

Utopia Technology is a Ethiopian-based automotive and renewable energy company principally engaged in the development, manufacture and supply of electric vehicle-EV, EV Charging station and renewable energy products. The Company will operate through three segments. The Battery Products segment is engaged in the research and development, manufacture and sales of lithium-ion batteries and its related products. The Vehicle Design and Electric Vehicle Production segment is engaged in the vehicle design and the research and development, manufacture and sales of electric vehicles. The Electric Vehicle Charging Station is engaged in the provision of Charging the electric vehicles integrated with clean and renewable sources such as solar PV and wind power.

Utopia Green Mobility/ EV-Taxis aims to increase the acceptance of electric mobility through the introduction of electric taxis in various cities throughout Ethiopia and Africa. We believe that taxis are a suitable way to make people more aware of the advantages of electric mobility. The idea is to work together with various parties through a multi- stakeholder approach, including taxi associations, utilities, government officials, and financial organization.