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

Strategic financing facility to drive EV Electra’s R&D, production scalability, and global expansion

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:**  

*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 Rock’s confidence in our leadership and phased growth strategy validates our roadmap to democratize clean transportation globally.”  

**Regulatory & Strategic Context:**