May 14, 2021

Zeus Electric Chassis Inc. Launches REG-D 506C Offering

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Minneapolis, May 12, 2021 – Zeus Electric Chassis, Inc., (“Zeus” or the “Company”), a Delaware corporation, is offering up to $50,000,000 (subject to increase) of Simple Agreements for Future Equity (“Series 2 SAFEs”) to an unlimited number of accredited investors. They have engaged Silicon Prairie Capital Partners, LLC (“SPCP”), a registered broker-dealer, to act as a nonexclusive placement agent to assist the Company in selling the Series 2 SAFEs in this offering.

Zeus has developed an uncompromising, fully configurable, fully electric work truck solution to address the untapped class 4-6 specialty work truck market. The Zeus EV work truck platform is designed to meet the needs of many industries.

EV mandates are driving the efforts to decarbonize work truck fleets in the United States. Fifteen states in the U.S. Climate Alliance have signed agreements to require 30% of their fleets to be electric by 2030, with more aggressive goals in California and New York further accelerating EV adoption in their states. Based on NTEA data, the 15 states with EV mandates represent over 40% of work truck sales in the U.S. – estimated at 140,000 trucks in 2021.

A potential market of $8 billion by 2030 will be created in Zeus targeted industries by the need to fulfill the EV fleet adoption mandates in these fifteen states alone.

Zeus plans to establish a manufacturing/assembly plant in SE Oklahoma at a facility owned by Choctaw Defense Manufacturing. The Company will also continue to build their backlog, working with municipal fleets, utilities, and OEM manufacturers to develop the configurations they need. Zeus’ Product Design center is in Minnesota, from which our first work truck builds – secured by the Sacramento Metropolitan Utility District – will be delivered.

“Zeus is uniquely positioned to meet the inherent challenges and opportunities of EV fleet adoption. Our EV work truck chassis offers an innovative, thoughtful solution for the industry and the environment.”

Robert Grinstead – Chief Technical Officer, Zeus Electric Chassis, Inc.

This press release neither constitutes an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized, and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful. Further, the SAFEs being offered by Zeus have not been registered under the Securities Exchange Act of 1933, any state securities laws or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements.

For additional information about Zeus and to request our offering materials, please visit: zeuselectricchassis.com/invest or our Silicon Prairie investment portal at: zeus.sppx.io.

About Zeus Electric Chassis, Inc.
Zeus is a fully configurable class 4-6 electric work truck manufacturer. Our mission is to design and manufacture uncompromising, full-electric vocational solutions that address environmental and industry needs.   Zeus is a Delaware corporation based in White Bear Lake, MN.  Learn more about Zeus at zeuselectricchassis.com. 
US Contact: [email protected]

Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995 and “forward-looking information” as such ‎term is ‎defined in applicable US and Canadian securities legislation. The words “may,” “would,” “could,” ‎‎“should,” “potential,” ‎‎“will,” “seek,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” and ‎similar expressions as they relate ‎to Zeus Electric Chassis, Inc. Such statements reflect the ‎Company’s current views and intentions with respect to future ‎events, and current information ‎available to the Company, and are subject to certain risks, uncertainties and ‎assumptions, including, ‎without limitation, the conditions to closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. Should any factor affect the Company in an unexpected manner, ‎or should assumptions underlying the forward-‎looking information or statements prove incorrect, the actual ‎results or events may differ materially from the results or events ‎predicted. Any such forward-‎looking information or statement is expressly qualified in its entirety by this cautionary statement. ‎Moreover, the ‎Company does not assume responsibility for the accuracy or completeness of such forward-looking ‎‎information or statement. The forward-looking information and/or statements included in this press release are made as of the date of ‎this press ‎release and the Company undertakes no obligation to publicly update or revise any ‎forward-looking information, ‎other than as required by applicable law.

For further information, please contact:

Wayne Kugel, Chief Executive Officer
Zeus Electric Chassis, Inc.
Phone: (844) 938-7462
Email: [email protected]

SOURCE: Zeus Electric Chassis, Inc.

Events

ACT Expo

May 9-12, Long Beach Convention Center, Long Beach CA

NTEA Work Truck Week

March 8-11 at the Indiana Convention Center, Indianapolis

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