IPO - Profile


Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$7.50 3,500,000 Positive High 48.19%

Offering Team

  • Legal counsel
  • Sichenzia Ross Friedman Ference LLP
  • Auditors
  • Marcum LLP

Deal Highlights

Research of the industrial vehicle market (utility vehicles, trucks, and tractors utilized heavily in the manufacturing, distribution & logistics, mining, and construction industries) projects the demand of such vehicles to reach as high as $80B by 2023.7 This growth will be propelled by the projected rise in global manufacturing, construction, and e-commerce activity. Yet, historically, less than 1% of industrial vehicle equipment shipped by top manufacturers has been automated.8 Despite these low penetration rates, the benefits of industrial vehicle automation can produce operational efficiency gains of upwards of 50%.9 As automation proliferates, these industries will gradually shift to service-based models that will decrease upfront capital expenditures and create new revenue streams while unlocking new value in the supply chain. Our AV technology is uniquely positioned to capitalize upon these changes by offering a heterogeneous autonomy solution that can deliver self-driving capabilities and data insights to nearly every industrial vehicle on the market. We integrate our full-stack autonomous driving software, DriveMod, onto vehicles manufactured by OEM customers either via retrofit of existing vehicles or by integration directly into vehicle assembly. We design the EAS to be compatible with sensors and components from leading hardware technology providers and integrate our proprietary AV software to produce differentiated autonomous vehicles.

Deal Tracker

IPO Dates

Filing 19 Oct, 2021

Offer 20 Oct, 2021

Look Ahead

Lock Up Expiry Apr 20, 2022

IPO Terms

Offer Price $7.50
Offer Size 3M

Market Sentiments

Stock Price