Silver Rock Group and EV Electra Ltd Sign $450 Million Equity Line of Credit to Accelerate Electric Mobility Innovation

Montreal, Quebec May 1, 2025 (Issuewire.com) - Silver Rock Group, a leading global investment firm, today announced the signing of a **$450 million Equity Line of Credit (ELOC)** with EV Electra Ltd, a pioneer in next-generation electric vehicle (EV) technology. This landmark agreement will empower EV Electra to accelerate its development of cutting-edge EV solutions, scale manufacturing capabilities, and expand its global market presence.  

**Key Details of the Agreement:**  

- **Funding Structure**: The ELOC provides EV Electra with flexible access to $450 million over **36 months**, subject to regulatory compliance (SEC, SFC, HKEX), legal opinions, and standard terms.  

- **Strategic Use of Funds**: Capital will be allocated to:  

  - **R&D Acceleration**: Development of high-efficiency battery systems and autonomous driving technologies.  

  - **Production Scalability**: Expansion of manufacturing infrastructure to meet rising global demand for affordable EVs.  

  - **Global Market Growth**: Strengthening distribution networks across North America, Europe, and Asia.  

**Leadership Perspectives:**  

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*Ezzat Jallad, Managing Partner of Silver Rock Group*:  

EV Electra is spearheading the electric mobility revolution with proprietary technology and a clear vision for sustainable transportation. This partnership underscores our commitment to supporting innovators who are reshaping critical industries like clean energy.  

*Jihad Mohammad, CEO of EV Electra Ltd*:  

This ELOC is a transformative enabler for our mission to deliver high-performance, accessible EVs. Silver Rocks confidence in our leadership and phased growth strategy validates our roadmap to democratize clean transportation globally.  

**Regulatory & Strategic Context:**  

The financing aligns with EV Electras compliance with international regulatory frameworks, including the U.S. **Securities and Exchange Commission (SEC)**, Hong Kongs **Securities & Futures Commission (SFC)**, and **Hong Kong Exchanges (HKEX)**. This positions the company for cross-border growth and potential public market engagement.  

**About EV Electra Ltd**  

EV Electra Ltd is an industry leader in electric mobility, specializing in energy-efficient powertrains and smart mobility solutions. Committed to affordability and innovation, the company aims to revolutionize access to sustainable transportation worldwide. Learn more at [**www.evelectra.com**] 

**About Silver Rock Group**  

Silver Rock Group is a global investment firm focused on disruptive technologies, renewable energy, and scalable innovation. By combining strategic capital with operational expertise, Silver Rock accelerates sustainable growth for forward-thinking enterprises. Explore more at **www.silverrockgroup.com**.  

**Media Contact:**  

Yara Jbeili

Press and media relations  

EV Electra Ltd  

[email protected]

www.evelectra.com 

Silver Rock Group 

[email protected]