(Alliance News) - Estrima Spa announced Thursday that it has signed a major agreement with Top Mobile 5, a company based in Zagreb, Croatia and represented by Nikola Busljeta, for the sale, rental and distribution of Birò, the smallest four-wheeled electric vehicle, in Slovenia and Croatia.

After the first six Biròs supplied as proof of concept in February, now, the agreement includes an initial supply of 30 Biròs and a series of marketing initiatives to promote the brand in the Croatian and Slovenian markets.

The initiative is part of Estrima's growth and expansion strategy, which includes conquering new markets with high growth potential and opening new locations in Europe.

Matteo Maestri, president of Estrima, said, "On the map of Europe, there are more and more little flags marking where you can buy and rent Birò. We were still missing our neighbors Slovenia and Croatia. Today, thanks to the enthusiasm of Nikola Busljeta, even in their beautiful cities and coastal areas it will be possible to abandon the cumbersome cars and move around freely and easily with the Birò. We are continuing our expansion."

Nikola Busljeta, legal representative of Top Mobile 5, added, "I am glad to be able to cooperate with Estrima, I join them with great enthusiasm in promoting sustainable mobility and the adoption of zero-emission vehicles. I look forward to being able to introduce the Bimo to the Croatian and Slovenian markets and offer an efficient and sustainable urban mobility solution. I am confident that this partnership will bring significant benefits to both companies and help improve mobility in Slovenia and Croatia."

Estrima's stock is down 0.4 percent at EUR1.32 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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