Due to changes inte the financial climate affecting capital markets during the second and third quarter of 2022, Inzile AB (publ) is updating its process for its capital raising.

Inzile therefore updates its capital increase direct share issue to a total of MSEK 100, at a price per share of SEK 15.

The purpose of the capital increase is to support the company's current and developing financial needs incurred by investment into R&D, the need to accommodate current and foreseeable orders from customers and the forecasted growth of the demand for the EVI platform.

The direct share issue is oriented towards strategic investors during this growth phase. This direct issue capital increase subscription is exempt of a rights issue, in accordance with the mandate approved by the shareholders at the AGM held on June 21, 2022 and adopted by the Board of Directors.

For further information, please contact:

Måns Sjöstedt, CEO Inzile, mans.sjostedt@inzile.com, +46 70 946 69 05

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company's vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia's foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with head office in Stockholm, sales offices in Stockholm and in Palma, Spain, production in Västervik and R&D in Tranås, Sweden.

The Company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company's Certified Adviser.

For further information, please visit: www.inzile.com

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