Member Info for Dom-Bella

New orders also in Nov

Saietta VNA Secures Second Major eDrive Order From Mainstream Indian Client

Pictured: Saietta VNA's 33,000 sq-ft production facility in Delhi, India

Saietta Group plc (AIM: SED), the multi-national business which designs, engineers and manufactures complete electric drivetrain (eDrive) solutions for electric vehicles, announces that its 49.5% owned Indian joint venture, Saietta VNA, has received an order for complete eDrives from its lead Indian client for a second of their light commercial vehicles.

The customer is a global OEM (Original Equipment Manufacturer) and one of the largest producers of light commercial vehicles (LCVs) in the Indian market. The purchase order is for approximately £106,000 of systems for the pilot production over the next c3 months. Target volumes indicated by the client, subject to further purchase orders, are expected to commence in Q2 2024 generating revenue for Saietta VNA of approximately £12.7 million in the first year of production, with an expected minimum of 60,000 orders over a 5 year period.

The order is for Saietta's proprietary, all-new Radial Flux Technology (RFT) motor, mated to a bespoke Saietta controller, transmission, axle and vehicle control unit. This is the first significant order for the Company's new RFT eDrive, validating the substantial commercial opportunity that this technology represents for Saietta.

This is the second order Saietta VNA has received in quick succession from the same Indian OEM. The first was announced on 27 September 2023 for an eDrive consisting of Saietta's proprietary Axial Flux Technology (AFT) motor with an integrated controller, transmission, axle and vehicle control unit. This means that Saietta VNA now has two eDrive product lines commencing production with a combined indication of minimum volumes of 100,000 units within the first 5 years of vehicle production.

Intention to raise a minimum of £6.4 million (before expenses) through a Placing, a Subscription and a Broker Option, in each case at a price of 17 pence per share.

Raised at the end of Nov 23.- 6.4 million ..

SED may get a takeover bid in now , it as cheep as chips and raised new money just at 17p .

Probably setting it up for a cheep takeover .bargin price.

In fairness is a very cheep price they would now get it for now 4-5 million

That’s right no placing a sale ,takeover .

Just need a take over offer drop now , it would have to be around 3p min

RNS anytime due , you would not what to be out on the rubber stamp

Great price this morning, up we go

Same here , to high

Are you buying a few today Neil

We should be in 3s next week after days of flushing out under 2.5p Its due a good move up .

Have a look at the video below , they need Helium

Https://youtu.be/CRfy6iC9KPE?si=Eo1lKn71ho0uTxLt

I think we know someone that can help them out .HE1

If not then no problem as mms what it up , and clearly lots of sellers out today at this level so no brainer. Hold RNS drops/ Hold we go up a bit at a time till it does after that update yesterday any small drop is snapped up .

We will see Monday morning same thing happened 3 weeks ago .dropped Monday .

Would you what to be out of HE1 on the next RNS , Lorna said fast moving .

Not when they wake up :)

USA will wake it up a bit after 2pm

Update rubber stamp then o and there is a bit more info and in the stages of talking Jv .more news to follow . Just keep dropping them every few weeks .Or takeover .