Zapp Electric Vehicles Group Ltd Files 20-F

TL;DR

Zapp Electric Vehicles Group Ltd filed its 2024 20-F, check financials for vehicles and reserves.

AI Summary

Zapp Electric Vehicles Group Ltd filed its 20-F report for the period ending September 30, 2024. The filing details financial information and business operations. Key financial data points include the gross carrying amount of vehicles and leasehold improvements, as well as reserves for share-based payments and retained earnings. The company is incorporated in E9 and its fiscal year ends on September 30.

Why It Matters

This filing provides investors with a comprehensive overview of Zapp Electric Vehicles Group Ltd's financial health and operational status for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report, but the specific financial details and operational risks are not fully elaborated in the provided snippet, requiring deeper analysis.

Key Numbers

• 2024-09-30 — Fiscal Year End (The end date of the reporting period for the 20-F filing.)
• 2025-01-30 — Filing Date (The date the 20-F report was officially submitted to the SEC.)

Key Players & Entities

• Zapp Electric Vehicles Group Ltd (company) — Filer of the 20-F report
• 0000950170-25-011073 (accession_number) — Accession number for the SEC filing
• 20240930 (date) — Fiscal year end date for the report
• 20250130 (date) — Filing date of the report
• 0001955104 (cik) — Central Index Key for Zapp Electric Vehicles Group Ltd
• MOTORCYCLES, BICYCLES & PARTS [3751] (industry_code) — Standard Industrial Classification code
• LONDON (location) — City of Zapp Electric Vehicles Group Ltd's business address
• NW9 6BX (zip_code) — Zip code of Zapp Electric Vehicles Group Ltd's business address
• Yorkville Advisors Global Lp (company) — Mentioned in relation to events after the reporting period
• 2025-01-28 (date) — Date of an event after the reporting period

FAQ

Key Financial Figures

• $0.002 — ad 4,926,711 ordinary shares, par value $0.002 per share outstanding. Indicate by ch
• $ — In this Annual Report, references to "$," "USD" and "U.S. dollar(s)" are to the
• $0.0001 — ital from 500,000,000 shares, par value $0.0001 each, to 25,000,000 shares, par value $
• $9.0 million — ince our inception, including losses of $9.0 million and $222.1 million for the years ended
• $222.1 million — n, including losses of $9.0 million and $222.1 million for the years ended September 30, 2024
• $20.7 million — n our trade and other payables totaling $20.7 million at September 30, 2024. Despite commenci

Filing Documents

• zapp-20240930.htm (20-F) — 3965KB
• zapp-ex4_20.htm (EX-4.20) — 24KB
• zapp-ex4_21.htm (EX-4.21) — 39KB
• zapp-ex4_22.htm (EX-4.22) — 23KB
• zapp-ex8_1.htm (EX-8.1) — 6KB
• zapp-ex11_1.htm (EX-11.1) — 56KB
• zapp-ex12_1.htm (EX-12.1) — 17KB
• zapp-ex12_2.htm (EX-12.2) — 17KB
• zapp-ex13_1.htm (EX-13.1) — 10KB
• zapp-ex13_2.htm (EX-13.2) — 10KB
• zapp-ex15_1.htm (EX-15.1) — 5KB
• img107190988_0.jpg (GRAPHIC) — 456KB
• img110070690_0.jpg (GRAPHIC) — 22KB
• 0000950170-25-011073.txt ( ) — 17950KB
• zapp-20240930.xsd (EX-101.SCH) — 1992KB
• zapp-20240930_htm.xml (XML) — 3957KB

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 58 Item 12.

Description of Securities Other Than Equity Securities

Description of Securities Other Than Equity Securities 58 PART II 59 Item 13. Defaults, Dividend Arrearages and Delinquencies 59 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 59 Item 15.

Controls and Procedures

Controls and Procedures 59 Item 16A. Audit Committee Financial Expert 61 Item 16B. Code of Ethics 61 Item 16C. Principal Accountant Fees and Services 61 Item 16D. Exemptions from the Listing Standards for Audit Committees 61 Item 16E. Purchase of Equity Securities by the Issuer and Affiliated Purchasers 61 Item 16F. Change in Registrant's Certifying Accountant 61 Item 16G. Corporate Governance 61 Item 16H. Mine Safety Disclosure 62 Item 16I. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 62 Item 16J. Insider Trading Policies 62 Item 16K. Cybersecurity 62 PART III 63 Item 17.

Financial Statements

Financial Statements 63 Item 18.

Financial Statements

Financial Statements 63 Item 19. Exhibits 63 Index to Financial Statements F- 1 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report ("Report") and the information incorporated by reference herein include certain "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, as amended (or the "Exchange Act"). These forward-looking statements can generally be identified by the use of forward-looking terminology, including without limitation the terms "believe(s)," "estimate(s)," "anticipate(s)," "expect(s)," "seek(s)," "project(s)," "intend(s)," "plan(s)," "may," "will" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements comprise all matters that are not historical facts. They appear in a number of places throughout this Report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our future results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance, developments in the capital and credit markets, and the evolution of the industry and markets in which we intend to operate. The forward-looking statements contained in this Report are based on our current expectations and beliefs concerning future developments. There can be no assurance that future developments will be those that we have anticipated. All forward-looking statements herein involve risks, uncertainties and/or potentially incorrect assumptions, which may cause our actual results and financial condition to be materially different from those expressed or implied by the forward-looking statements. Many factors could cause our actual future results of operations and financial condition to be materially different from (and more negative than) those expressed, anticipa

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS A. Directors and Senior Management Not applicable. B. Advisers Not applicable. C. Auditors Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable

KEY INFORMATION

ITEM 3. KEY INFORMATION A. [Reserved] B. Capitalization and Indebtedness Not applicable. C. Reasons for the Offer and Use of Proceeds Not applicable. D. Risk Factors Investing in our securities involves a high degree of risk. In addition to the other information set forth in this Annual Report, including the section entitled "Cautionary Note Regarding Forward-Looking Statements," you should carefully consider the risk factors discussed below, and those described in the Company's other SEC filings (available at www.sec.gov), when considering an investment in our securities. If any of the following risks are adversely realized, our business, financial condition, results of operations and prospects could be materially and negatively affected. In that case, the market price of our securities could decline and you could lose some or all of your investment. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business, financial condition and results of operations. Risks Related to Zapp's Business and Industry We are an early-stage company with a history of losses and expect to incur significant expenses and losses for at least the near and medium term. We may not achieve or maintain profitability in the foreseeable future or at all. We have incurred net losses since our inception, including losses of $9.0 million and $222.1 million for the years ended September 30, 2024 and September 30, 2023, respectively. We believe that we will continue to incur operating and net losses in the future until at least the time we begin significant sales and deliveries of our vehicles, which has been delayed to date and may occur later than we currently expect or not at all. We may not be profitable for at least the near and medium term as we invest in our business, build capacity and ramp-up operations, and we cannot assure you that we will ever achieve or be able to maintain profitability in the future.

View Full Filing

View this 20-F filing on SEC EDGAR