Alpine 4 Acquires EV Battery Maker ElecJet

Alpine 4 Holdings Inc ALPP acquired ElecJet / Real Graphene (ElecJet), an industry pioneer in Lithium / Graphene battery manufacturing and design.
The financial terms of the transaction remain undisclosed.
The two companies, Real Graphene, and ElecJet merged earlier this year, leading to the combination of the graphene intellectual property of Real Graphene and the power system/charging hardware of ElecJet.
ElecJet and Alpine 4 are also exploring plans with the State of Indiana to convert its South Bend, Indiana facility into a U.S. battery production facility and bring graphene battery production to the U.S.
"We feel this is the game-changer for the EV market as well as other various commercial applications," Alpine 4 CEO Kent Wilson said.
Price Action: ALPP shares traded lower by 0.40% $2.52 in the premarket session on the last check Tuesday.