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**+49 241 51030 166**   
presse@e-go-mobile.com  

**Next.e.GO Mobile SE**

Lilienthalstraße 1  
52068 Aachen, Germany  


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[...]

"The 78-hp e.Go Life is now no longer available as a new car. Its successor is called the e.Go e.wave X. It, too, has roughly the same format as the Smart fortwo and is to be produced in significantly larger numbers than the e.Go Life."

[...]

Full article (in German): [AutoBild](https://www.autobild.de/artikel/elektromobilitaet-ladeleistung-22451813.html)

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The 78-hp e.Go Life is now no longer available as a new car. Its successor is called the e.Go e.wave X. It, too, has roughly the same format as the Smart fortwo and is to be produced in significantly larger numbers than the e.Go Life.

AutoBild: This is how much power the cheapest electric cars charge with

[...]

"The difference between traditionally manufactured cars and the e-flitzers from e.GO is that the vehicles from Aachen are not just a pure means of transport - according to the idea of the people behind them, they embody a lifestyle and stand for the innovative and intelligent implementation of sustainable electromobility for urban areas. They are purposefully designed and carefully built in a unique micro-factory. This factory model sets new standards in vehicle production by eliminating two of the most energy-intensive and environmentally damaging steps in traditional production - the press shop and paint shop. As a result, e.GO ensures a smaller environmental footprint and lower energy requirements. Both are of key importance, not only for today, but also in view of the upcoming energy transition and future environmental regulations."


[...]

Full article (in German): [Tank & Rast Gruppe](https://tank.rast.de/magazin/articles/elektromobilitaet-made-in-aachen/)

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The vision of e.GO is to combine sustainable mobility with comfort, practicality and affordability for the everyday life of its customers in urban areas.

Tank & Rast: Electromobility made in Aachen

[...]

"The partnership came out of meeting between the two companies earlier this year, according to Steve Schwinke, Sibros Vice President Customer Engagement. In an interview with Forbes.com he explained how that meeting resulted in the companies understanding each other's goals and capabilities and how they were complementary.
Indeed, Schwinke said Aachen, Germany-based e.Go's “fresh thinking” helped them understand the advantages of “embedded connectivity” including receiving instant feedback from a vehicle about issues rather than wait for the customer to report them."

[...]

Full article: [Forbes](https://www.forbes.com/sites/edgarsten/2022/11/30/sibros-goes-on-ego-trip-with-german-urban-ev-company/?sh=7e8ab2a25667)

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The fast-growing Silicon Valley tech company and Next.e.GO Mobile SE announced a partnership Wednesday where the German urban electric car manufacturer will adopt the Sibros Deep Connected Platform for its new models.

Forbes: Sibros Goes On E.Go Trip With German Urban EV Company

[...]

**Smart concept: e.Go relies on simple aluminum chassis**

The basic idea of e.Go is clever: The chassis consists of simple aluminum profiles, completely welded together by robots. "This means we don't need expensive tools for production," says Kreimeier. Body parts made of polymer plastic are flanged to the chassis. Not painted, but dyed through. "Look, nothing happens," Kreimeier says, banging on the door. Not a dent, not a scratch.

Full article (in German): [Auto Bild](https://www.autobild.de/artikel/e.go-e.wave-x-reportage-e.go-life-e-auto-matthias-kreimeier-start-up-22226353.html)

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The basic idea of e.Go is clever: The chassis consists of simple aluminum profiles, completely welded together by robots.

Auto Bild: e.wave X follows e.Go Life

Close the rear windows, take out the back seat, and the van is ready to go. Next.e.Go converts its city car into a van. And gives it a special battery system.

The Aachen-based electric car manufacturer Next.e.Go wants to launch an electric delivery van. Reservations for the e.Xpress are to be possible from November, but it is not known when production and delivery will start.

Full article (in German): [Welt](https://www.welt.de/motor/news/article241652613/Kleinwagen-wird-zum-Kleintransporter-e-Go-e-Xpress.html)

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Close the rear windows, take out the back seat, and the van is ready to go. Next.e.Go converts its city car into a van. And gives it a special battery system.

Welt: Small car becomes a van

- Partnership to enable smarter, more seamless connected mobility, leveraging the power of data 
- e.wave X to utilize Sibros’ Deep Connected Platform to reshape the owner experience for sustainable urban mobility  

  
<br>**Aachen/San Jose, California, 30. November 2022** – Next.e.GO Mobile SE (e.GO), an innovative producer of urban electric vehicles announced today a strategic partnership with connected vehicle platform company Sibros, to deploy industry-leading connected mobility solutions into e.GO’s new vehicle models, with the aim of positioning e.GO to take advantage of the data-driven transformation of urban mobility. e.GO announced the start of sales of its newly launched electric vehicle, the e.wave X in October 2022.
The e.wave X is a purpose-built battery electric vehicle for the urban environment, using innovative spaceframe technology. Along with its sustainable materials and unique production processes, the e.wave X features replaceable and recyclable polymer skins and smart and exchangeable batteries that are designed to power a low maintenance and long-lasting electric drivetrain. 
 
e.GO selected Sibros’ Deep Connected Platform for vehicle-wide data management and over-the-air (OTA) software updates to further improve the customer experience. The data collection will create insights and enable a range of connected and value-added fleet services, while OTA software updates are intended to allow all vehicles to evolve and improve the customer experience across the life cycle of the vehicle. Together, e.GO and Sibros are committed to unleashing the full potential of connected city mobility with a 360-degree user convenience and an ecosystem of value-added connected services.
 
“Sibros’ comprehensive connected vehicle product suite provides vehicle manufacturers with data-driven insights, empowering them to make informed decisions while helping to accelerate their efforts in product enhancement and user experience,” said Hemant Sikaria, CEO of Sibros. “Innovators like e.GO leverage Sibros’ deep and secure vehicle-to-cloud capabilities to help accelerate their journey and position them at the forefront of the industry. As a leader in the connected vehicle technology space, we’re excited to deploy our award-winning Deep Connected Platform on the e.wave X and grow our strategic partnership over the coming years, rethinking connected and sustainable mobility in urban environments.”

Connectivity is considered to be a key enabler for the mobility and smart cities. The partnership between e.GO and Sibros will enable innovative OEMs like e.GO to target business opportunities in both fleet management as well as to offer a broad set of services throughout the lifetime of the vehicle while enhancing the way drivers interact with their vehicles. 

“The growing integration of multiple domains in the automotive universe, including connected vehicles, vehicle-to-everything (V2X) communication and ultimately autonomous mobility, are meant to validate the software-defined connected urban cars of the future and that is what makes us very excited about this partnership,” said Ali Vezvaei, chairman of the board at e.GO. “We aspire to offer our customers the freedom and choice to select connected services that fit to their needs, whether in charging, sharing, insurance or connected drive, essentially this may convert their e.wave X to a smartphone on four wheels.” 

Sibros’ connected vehicle solution will take advantage of various strategic industry partnerships, including Google Cloud for Automotive, which brings together an entire ecosystem of scalable vehicle-to-cloud solutions spanning data analytics, visualization, AI, machine learning and application programming interface (API) management tools. Automotive OEMs using the Sibros platform include a fast-growing list of the world’s most iconic makers of cars, trucks, buses, 2-wheelers and tractors, as well as disruptive new EV startups in the passenger and commercial segments.  


**About e.GO**  
Headquartered in Aachen, Germany, e.GO designs and manufactures battery electric vehicles for the urban environment, with a focus on convenience, reliability and affordability. e.GO has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories, and has vehicles already on the road today. e.GO is helping cities and their inhabitants improve the way they get around and is making clean and convenient urban mobility a reality. Visit www.e-go-mobile.com to learn more.


**About Sibros**  
Sibros powers the connected vehicle ecosystem with its Deep Connected Platform™ for full vehicle OTA software updates, data collection, and diagnostics in one vertically integrated system. DCP supports any vehicle architecture - from ICE, Hybrid, EV to Fuel Cell - while also meeting rigorous safety, security, and compliance standards. By combining powerful automotive software and data management tools in one platform, Sibros empowers OEMs to quickly bring up dozens of new connected vehicle use cases spanning fleet management, predictive maintenance, paid feature upgrades, and beyond. For more information about the Silicon Valley-based company, visit www.sibros.com.


**Forward Looking Statements**  
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified herein, and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. 


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Next.e.GO Mobile SE announced today a strategic partnership with connected vehicle platform company Sibros, to deploy industry-leading connected mobility solutions into e.GO’s new vehicle models, with the aim of positioning e.GO to take advantage of the data-driven transformation of urban mobility. 

Next.e.GO Mobile SE and Sibros Partner to Provide Connected Vehicle Data and Advanced OTA Software Management on the All-New e.wave X Urban Electric Vehicle

- Next.e.GO Mobile SE announces the launch of sales of the new model e.wave X as of 17th of October, exclusively for customers with reservations.
- Next.e.GO Mobile SE will also introduce a new, compact zero-emission commercial last mile delivery vehicle, the e.Xpress
- Next.e.GO Mobile SE announces strategic partnership with United States based Ample Inc. to introduce a unique, fast and convenient automated battery swap
- Next.e.GO Mobile SE  announces a strategic cooperation with German Fintech company OneFor Holding GmbH, to provide customers access to instant personal car loans of up to EUR 25,000.


**Aachen/Paris, October 17th, 2022** – Independent German electric vehicle manufacturer, Next.e.GO Mobile SE (“e.GO”), made several announcements today at the Paris Motor Show including the launch of **sales for the e.wave X** electric vehicle. The first e.wave X vehicles off the assembly line will be dedicated for customers who made reservations since early summer this year. The new colors and trim lines now available through the e.GO configurator, enables these customers to be the first to configure and place an order for their individual vehicle during this exclusive period. After fulfilling reservation orders, the e.GO sales configurator will then become available to the public as of 01st of December 2022. All details on technical data, options and special equipment and prices are available in the product catalogues and the configurator.

e.GO also announces the introduction of a new compact commercial last mile urban delivery electric vehicle,**the e.Xpress** at the Paris Auto Show, designed to address the growing demand for zero-emission urban deliveries and commercial fleet. The e.Xpress aims to address the main focus areas for the commercial fleet managers including uptime, charging speed and residual value by offering a unique and universal battery swap solution that is intended to be as fast and as convenient as fueling old vehicles. The solution is a result of a **strategic cooperation between e.GO and Ample** – an American technology and energy solution provider that uses autonomous robotics and modular battery structure to enhance energy delivery for electric transportation. 

The e.Xpress comes with a durable polymeric skin intended to reduce the lifecycle repair cost and time. It offers a cargo volume of up to 940 liters depending on the selected configuration with the gross payload of up to 240 kg. It will be available with the exchangeable battery and depending on the selected configuration is expected to offer an urban range of up to 230 km and a battery exchange time of just few minutes. It will be offered to customers, businesses and fleet operators both with the battery being included in their purchase or alternatively with a subscription model, where the customer does not need to purchase the battery instead subscribed to the energy delivery and utilization. Start of reservations for the e.Xpress are  scheduled for 02nd of November 2022.

In addition, e.GO announces the start of a **strategic cooperation with OneFor** - an innovative German Fintech company focusing on consumer digital finance and payments - with the aim to provide customers with access to instant personal car loans of up to EUR 25,000 (1). The personal car loans are processed quickly and come with fixed interest rates and a payback period of up to 84 months (2).

"At e.GO we have made simplicity, practicality and circularity at scale to be our mission and the solution to some of the challenges we face as human race. This is why we leverage innovation and technology to empower people along their sustainable journey. Offering an urban EV with a charging solution that is as fast and as convenient as traditional fueling, yet not as heavy on the planet’s limited resources or the energy infrastructure, or providing customers with access to innovative financial solutions that can empower their sustainable mobility choice are reflections of that commitment." explains Ali Vezvaei, Chairman of the Board of e.GO. 

**About Ample:** Based in SanFrancisco – U.S.A., Ample Inc. is a technology solution provider that utilizes autonomous robotics and smart modular battery technology to enhance energy delivery for electric transportation. It created an economical, rapidly deployable, and widely accessible platform that delivers a full charge to electric vehicles in minutes. (www.ample.com) 

**About OneFor:** Germany-based OneFor Holding GmbH is a Fintech company that offers various digital money applications and services, including borderless accounts, payment and card services as well as personal loans and investments. The card solution is supported by Mastercard International. OneFor enables a borderless family account, turning single transactions into moments of connection, creating shared experiences and increasing financial inclusion that fuels economic development. (www.onefor.com)

1)OneFor Ts&Cs apply.   
2)OneFor Ts&Cs apply.

[Download French Version](https://egowebsitestorage.blob.core.windows.net/strapi/assets/221017_FR_Press_Release_Announcements_Paris_Motorshow_49b8c3cea5.pdf)


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Next.e.GO Mobile SE announces the launch of sales of the new model e.wave X as of 17th of October, exclusively for customers with reservations and also introduces a new, compact zero-emission commercial last mile delivery vehicle, the e.Xpress.

German electric vehicle manufacturer Next.e.GO Mobile SE makes several announcements at the Paris Motor Show, including the introduction of a new, compact zero-emission commercial last mile delivery vehicle, the e.Xpress

- e.GO presents the future of urban electro mobility at the Paris Motor Show.
- Visit us at Pavilion 6, Stand 624 from October 17th to 23rd.
- Join our press conference with exciting highlights about e.GO at October 17th, 4:35 pm.


<br>**Aachen/Paris, October 6th, 2022** – The independent German electric vehicle manufacturer Next.e.GO Mobile SE will be presenting its **new vehicle line up comprised of 2022 urban BEV e.wave X as well as  new urban delivery electric vehicle, e.Xpress** at the Paris Motor Show October 17-23 (Pavilion 6, Stand 624). The Paris Motor Show, called “Mondial de l'Auto” in French, is one of the world’s most visited auto shows and is considered a premiere automotive industry event, as well as a favorite of automotive enthusiasts and experts. True to this year’s motto of the Paris Motor Show “Revolution is on”, the new e.wave X and e.Xpress represent the innovative future of sustainable electro mobility, both in consumer sector as well as commercial deliveries. 

The main guiding principle at e.GO is simplicity and practicality at scale. e.GO designs and manufactures vehicles with particular attention to material selection, performance and seamless user experience. The combination of an innovative 3D Aluminum space frame with polymeric skin strikes great balance between weight, durability and corrosion resistance, whereas the flexible and exchangeable battery solution provides peace of mind to urban drivers and is designed to eliminate overdependence on the fast-charging infrastructure that is not as prevalent as it should be. The seamless digital connectivity along with the proprietary App (e.GO Connect™) is intended to offer a unique digital user experience making e.GO vehicles smart phones on 4 wheels. 

“We are delighted to be present at the Paris Motor Show and to share our vision on the future of urban electro mobility both for individuals as well as for businesses. Our e.wave X and e.Xpress vehicles have been developed with sustainability and total cost of ownership front and center; they intend to create the perfect symbiosis between innovation and economic practicality”, says Ali Vezvaei, Chairman of the Board of Next.e.GO Mobile SE. 

The e.wave X offers far more than just a means of transportation, in fact it offers a true lifestyle. The new e.wave X was deliberately designed to be practical and purposeful for the urban environment. With optimized dimensions for a comfortable four-seater, an intelligent and flexible battery solution that does not depend on the availability of a dedicated charging infrastructure, an ultra-wide digital display, and a polymeric exterior, which provides a range of benefits to the user, the e.wave X not only offers quality and comfort but also meets modern urban needs.

The e.Xpress is intended to cater to the ever-growing need for sustainable and zero-emission urban commercial and last mile delivery. It has been designed with the utmost attention to the needs of the sector such as dimension fit for the urban environment and the battery exchange solution that is designed to help ensure optimum uptime and productivity.
	
**Join our press conference**  
At the Paris Motor Show Next.e.GO Mobile SE welcomes all interested journalists to attend  the press conference on October 17th at  04:35 p.m., which will also be available via live stream. In addition to presenting the e.wave X, Ali Vezvaei, Chairman of the Board, will be joined by Dr. Stefan Rudolf, CTO, and Dr. Matthias Kreimeier, Vice President Sales, to provide insights on the production of the new model. They will also share exciting news about the future direction of the company. After the press conference, there will be an opportunity for a personal interview with Ali Vezvaei and the other experts. 

**Paris Expo Porte de Versailles in Paris**  
**17.10.2022 | 4:35 p.m. – 4:45 p.m.**  
**Pavilion 6 | Stand 624**

The livestream will be available on our website www.e-go-mobile.com. If you are interested in an interview, please contact presse@e-go-mobile.com


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e.GO presents the future of urban electro mobility at the Paris Motor Show on 17 October with its new models e.wave X and e.Xpress.

Next e.GO Mobile SE to Present e.wave X and e.Xpress EVs at the Paris Motor Show 

- Project expected to further e.GO’s decentralized growth strategy, leveraging the Company’s disruptive production system and game-changing approach to manufacturing  
- Once in production, e.GO’s facility in the Republic of North Macedonia will be the company’s  3rd MicroFactory worldwide, in addition to the in-production Aachen, Germany MicroFactory and the in progress MicroFactory in Bulgaria
- Anticipated production capacity of up to 30,000 vehicles per year, with the start of production expected to be in the last quarter of 2024
- South East Europe offers a competitive ecosystem as well as an attractive investment climate, and is one of the target regions for e.GO’s production growth.

<br>

**Aachen, Germany August 15, 2022** — Next.e.GO Mobile SE (“e.GO” or the “Company”), an innovative producer of urban electric vehicles leveraging its disruptive MicroFactory production system, announced today that it has entered into an agreement with the Republic of North Macedonia to build a MicroFactory in the country’s Technological Industrial Development Zones (“TIDZ”), near the city of Tetovo. Once in production, the North Macedonian MicroFactory will be the Company’s 3rd MicroFactory worldwide, with the 1st being the in-production Aachen, Germany MicroFactory and the 2nd being the in progress MicroFactory in Bulgaria.

During a public ceremony at the project site attended by several North Macedonian state officials, including Prime Minister Dimitar Kovacevski, Minister of Finance Fatmir Besimi, Minister of Economy Kreshnik Bekteshi and the Director of TIDZ, Jovan Despotovski, the parties signed a definitive agreement, based on which e.GO plans to build a MicroFactory production facility for its battery electric vehicles with expected capacity of up to 30,000 vehicles per year. Start of production of the new facility is currently projected to be in the last quarter of 2024. The project is intended to create up to 900 new jobs in the country. 

“This investment is of great importance for the state, but also for the local economy and the development of human potential in Tetovo and in the country. With this significant investment, North Macedonia once again confirms that it is a country that offers excellent conditions for investors, with a stable economic and political climate in which international companies like e.GO have a trusted partner,” said Demitar Kovacevski, the Prime Minister of the Republic of North Macedonia.

“This agreement is another key milestone in e.GO’s global growth and underscores the intrinsic value of our disruptive technology and innovation. We are truly excited to expand our production footprint to the Republic of North Macedonia, following our progress in Bulgaria. Our strategic focus in South East Europe is based on our conviction as to the region’s competitive eco-system, attractive investment climate and access to driven and talented human capital,” said Ali Vezvaei, Chairman of the board of e.GO. 

“Large investments have a snowball effect. Brands attract new investments, both foreign and domestic. They create new value, strengthen exports by changing their structure towards products with greater added value, create new jobs and influence the acceleration of economic activity and economic development. Our determination as the Government is to support and promote foreign investors who will be able to ensure this effect and who will above all bring benefits to our citizens, domestic companies and the economy,” said Fatmir Besimi, the Minister of Finance of the Republic of North Macedonia.

“The new concept of Technology & Industrial Development Zones delivers concrete results. After only 18 months, we have the second investment of over 100 million euros. We have shown that North Macedonia is no longer just a country of competitive labor but is on the map of countries that have the capacity and requirements for large investments. Since the beginning of the year, we have 1,100 new jobs in the TIDZ companies, and the company, e.GO, is expected to create nearly 900 well-paying jobs. At the beginning of my mandate, we promised European jobs and opportunities for young people. With such projects, we will provide our children with a prosperous future, here at home,” said Jovan Kovacevski, the Director of Technological Industrial Development Zones of the Republic of North Macedonia.

e.GO is focused on accelerating the transition to zero-emission urban mobility and helping cities and their people change the way they move around for the better. Committed to innovation with practicality and purpose, e.GO has developed a unique battery electric vehicle platform as well as a revolutionary production system, which e.GO refers to as a MicroFactory, that, combined with its “Industry 4.0” digital architecture, is intended to enable the Company to develop and produce vehicles in shorter periods of time and with considerably lower investment as compared to traditional vehicle OEM processes. e.GO aims to accomplish this while offering economic value add by engaging local communities, developing local talent and increasing local sourcing of materials.

**About e.GO**

Headquartered in Aachen, Germany, e.GO designs and manufactures battery electric vehicles for the urban environment, with a focus on convenience, reliability and affordability. e.GO has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories, and has vehicles already on the road today. e.GO is helping cities and their inhabitants improve the way they get around and is making clean and convenient urban mobility a reality. Visit https://www.e-go-mobile.com/ to learn more.

As announced on July 28, 2022, e.GO has entered into a definitive agreement for a business combination with Athena Consumer Acquisition Corp. (NYSE: ACAQ, ACAQ.U, ACAQ WS), a publicly-traded special purpose acquisition company (“SPAC”) that would result in e.GO becoming a publicly listed company. Completion of the proposed transaction is subject to customary closing conditions, and is expected to occur in early 2023.

**Important Information about the Business Combination and Where to Find It**

In connection with the proposed business combination (the “Business Combination”) between Athena Consumer Acquisition Corp. (“Athena”) and Next.e.GO Mobile SE (“e.GO”), Next.e.GO B.V., a wholly-owned subsidiary of e.GO (“TopCo”) intends to file with the U.S. Securities and Exchange Commission’s (“SEC”) a registration statement on Form F-4 (the “Registration Statement”), which will include a preliminary prospectus and preliminary proxy statement. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that Athena will send to its stockholders in connection with the Business Combination. Investors and security holders of Athena are advised to read, when available, the proxy statement/prospectus in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve the Business Combination (and related matters) because the proxy statement/prospectus will contain important information about the Business Combination and the parties to the Business Combination. Athena will mail the definitive proxy statement/final prospectus and other relevant documents to its stockholders as of a record date to be established for voting on the Business Combination. Stockholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: 442 5th Avenue, New York, NY, 10018.
Participants in the Solicitation
Athena, e.GO, TopCo and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Athena’s stockholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Athena’s directors and officers in Athena’s filings with the SEC, and such information and names of e.GO’s directors and executive officers will also be in the Registration Statement to be filed with the SEC by TopCo, which will include the proxy statement of Athena for the Business Combination.

**Forward Looking Statements**

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Athena, e.GO, and TopCo’s expectations with respect to future performance and anticipated financial impacts of the Business Combination, the satisfaction of the closing conditions to the Business Combination, the level of redemptions by Athena’s public stockholders, the timing of the completion of the Business Combination and the use of the cash proceeds therefrom. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of Athena, e.GO, and TopCo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Athena, e.GO, and TopCo.
These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination or that the approval of the stockholders of Athena or e.GO is not obtained; (iii) failure to realize the anticipated benefits of the proposed Business Combination; (iv) risks relating to the uncertainty of the projected financial information with respect to e.GO; (v) the outcome of any legal proceedings that may be instituted against Athena and/or e.GO following the announcement of the Business Combination; (vi) future global, regional or local economic and market conditions; (vii) the development, effects and enforcement of laws and regulations; (viii) e.GO’s ability to grow and achieve its business objectives; (ix) the effects of competition on e.GO’s future business; (x) the amount of redemption requests made by Athena’s public stockholders; (xi) the ability of Athena or the combined company to issue equity or equity-linked securities in the future; (xii) the ability of e.GO and Athena to raise interim financing in connection with the Business Combination, including to secure an e.GO IP-backed note; (xiii) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (xiv) the risk that the proposed Business Combination disrupts current plans and operations as a result of the announcement and consummation, (xv) costs related to the Business Combination, (xvi) the impact of the global COVID-19 pandemic and (xvi) those factors discussed below under the heading “Risk Factors” and in the documents filed, or to be filed, by Athena and Topco with the SEC. Additional risks related to e.GO’s business include, but are not limited to: the market’s willingness to adopt electric vehicles; volatility in demand for vehicles; e.GO’s dependence on the proceeds from the contemplated Business Combination and other external financing to continue its operations; significant challenges as a relatively new entrant in the automotive industry; e.GO’s ability to control capital expenditures and costs; cost increases or disruptions in supply of raw materials, semiconductor chips or other components; breaches in data security; e.GO’s ability to establish, maintain and strengthen its brand; e.GO’s minimal experience in servicing and repairing vehicles; product recalls; failure of joint-venture partners to meet their contractual commitments; unfavorable changes to the regulatory environment; risks and uncertainties arising from the acquisition of e.GO’s predecessor business and assets following the opening of insolvency proceedings over the predecessor’s assets in July 2020; and e.GO’s ability to protect its intellectual property. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
There may be additional risks that neither e.GO nor Athena presently know or that e.GO and Athena currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect e.GO’s and Athena’s expectations, plans or forecasts of future events and views as of the date of this communication. e.GO and Athena anticipate that subsequent events and developments will cause e.GO’s and Athena’s assessments to change. However, while e.GO and Athena may elect to update these forward-looking statements at some point in the future, e.GO and Athena specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing e.GO’s and Athena’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

**No Offer or Solicitation**

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an applicable exemption from the registration requirements thereof.


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e.GO has entered into an agreement with the Republic of North Macedonia to build a Micro-Factory in the country’s Technological Industrial Development Zones (“TIDZ”), near the city of Tetovo.

e.GO, an Innovative Producer of Urban Electric Vehicles, Announces Agreement to Build New MicroFactory in the Republic of North Macedonia

**Next.e.GO Announces Business Combination with Athena Consumer Acquisition Corp. Combined Company Expected to be Listed on New York Stock Exchange**
- Next.e.GO Mobile SE (“e.GO” or the “Company”), the in-production German electric vehicle producer, utilizes disruptive approaches to vehicle design, manufacturing and services to produce urban vehicles with a focus on affordability, convenience, practicality and smart services 
- e.GO’s unique low capex production system (MicroFactory), combined with its Industry 4.0 digital architecture, enable the company to develop and produce vehicles in shorter periods and with considerably lower investment as compared to traditional processes 
- The Company’s proprietary MicroFactory can be deployed anywhere in the world to take production closer to demand, while offering economic value add to local communities 
- e.GO has produced and put over 1,000 vehicles on the road from its first MicroFactory in Germany 
- e.GO plans to expand its global capacity with its second MicroFactory, construction of which is expected to start before the end of 2022 
- Transaction expected to provide gross proceeds of up to approximately $285 million to e.GO, comprised of up to approximately $235 million from Athena Consumer Acquisition Corp.’s trust account (assuming no redemptions) and up to $50 million in intended debt financing 
- Up to $150 million expected to be made available under a standby equity purchase agreement (“SEPA”) pursuant to a letter of intent with Yorkville Advisors Global, LP 
- Proceeds to provide growth capital to e.GO for production ramp up, including expansion of MicroFactory build outs 
- Pro forma implied enterprise value of the combined company of $913 million 
- All existing e.GO investors to roll their equity into combined publicly traded company 
- Combined company expected to be listed on the New York Stock Exchange under the ticker “EGOX” 

<br>

**NEW YORK & AACHEN, GERMANY July 28, 2022** – Next.e.GO Mobile SE (“e.GO” or the “Company”), an innovative producer of urban electric vehicles based on disruptive production systems, and Athena Consumer Acquisition Corp. (“Athena”) (NYSE: ACAQ.U, ACAQ, ACAQ WS) today announced a definitive agreement for a business combination (the “Transaction” or the “Business Combination”) that would result in e.GO becoming a publicly listed company on the New York Stock Exchange (the “NYSE”). 
e.GO, headquartered in Aachen, Germany, develops, designs, manufactures and markets electric vehicles for the urban environment, focusing on convenience, practicality, ease of service and cost. This is accomplished through proven and disruptive innovations in vehicle design, material selection, a smart and flexible battery solution as well as a decentralized approach to production combining low capex and a relatively smaller environmental footprint compared to other manufacturers.  
The Company achieves considerably lower overall investment costs compared to traditional vehicle development and manufacturing methods, by leveraging its in-house manufacturing processes as well as its proprietary MicroFactory along with its tech-first IT architecture (Internet of Production), which simplify the production process and require less capital spend per unit of output compared to traditional methods.  
In 2018, e.GO constructed its first MicroFactory in Aachen, Germany, and developed its battery electric vehicle platform. The Company subsequently began vehicle production in the second half of 2021.  
To date, e.GO has put over 1,000 of its vehicles on the road and is currently working to expand its geographic reach and production footprint. The Company’s second MicroFactory in Southeast Europe is expected to start construction before the end of this year. Each MicroFactory is capable of producing approximately 30,000 cars per year in a three-shift setting.  
The Company’s brand ambassador, the Brazilian football sensation Neymar Jr, unveiled the 2022 model, the e.wave.x, in May 2022. 
“The partnership we announced with Athena today is a remarkable milestone in e.GO’s journey,” said Ali Vezvaei Chairman of the Board of e.GO. “This Transaction will allow us to accelerate our growth, expand our global reach, and continue our track record of disruptive innovation. e.GO has already made a mark in Europe, where we have established our first MicroFactory in Germany, at the heart of the automotive industry. We are well positioned to capitalize on growing worldwide mandates to decarbonize urban mobility, particularly in crowded and congested cities, while leveraging our unique decentralized production technology and providing economic value add to our host countries and communities. By producing vehicles with focus on convenience, practicality and smart services, e.GO is making the electric transformation of urban mobility easier and less costly. Our vehicles provide a fun, unique and technology-enabled experience to customers, while at the same time changing the face of urban mobility for the better.”  
“The Athena platform of SPACs is focused on bringing tomorrow’s industry leaders to the public markets today, and we believe e.GO has all the elements to deliver on that promise,” said Isabelle Freidheim, Chairman of the Board of Athena. “e.GO has leveraged the lessons learned in the EV car manufacturing space; we believe this allows e.GO to offer customers and investors alike an industry standard setting value proposition. e.GO is carving out a successful place in the EV industry for its customers, while at the same time undertaking a compelling reinvention of the manufacturing process. With EV industry leadership determined over the next decade, e.GO is extraordinarily well positioned to be at the forefront of this industry transformation.”  
**Transaction Overview**  
The Transaction is anticipated to generate gross proceeds of up to approximately $285 million of cash, before the impact of potential redemptions by Athena’s public stockholders, which will be used to fund operations and growth. The pro forma implied enterprise value of the combined company is $913 million. The implied pre-money market capitalization of e.GO is approximately $800 million, including a share performance-based earn-out for e.GO shareholders of 30 million shares.  
After the Transaction, e.GO’s leadership will continue to execute on e.GO’s strategy and growth. The Board of Directors of the combined company will include representation from e.GO and Athena and will be chaired by Ali Vezvaei.  
The Transaction has been unanimously approved by the boards of directors of Athena and e.GO. Completion of the proposed Transaction is subject to customary closing conditions.  
Additional information about the proposed Transaction, including a copy of the business combination agreement and the investor presentation, will be provided in a Current Report on Form 8-K to be filed by Athena with the U.S. Securities and Exchange Commission (the “SEC”) and available at www.sec.gov.  
**Advisors**  
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“CCM”), served as financial and capital markets advisors to Athena. Morgan, Lewis & Bockius LLP served as legal counsel to CCM. Sullivan & Cromwell LLP served as legal counsel to e.GO. White & Case LLP served as legal counsel to Athena.  
**Investor Conference Call Information**  
e.GO and Athena will host a joint investor conference call to discuss the proposed Transaction today, July 28, 2022 at 8:30AM ET. 
To listen to the prepared remarks via telephone from the U.S., dial 1-877-704-4453 and an operator will assist you. International investors may listen to the call by dialing 1-201-389-0920. A telephone replay will be available by dialing 1-844-512-2921 if in the U.S, and by dialing 1-412-317-6671 from outside the U.S. The PIN for access to the replay is 13732025. The replay will be available through August 11, 2022.  
**About e.GO**  
e.GO, headquartered in Aachen, Germany, designs and manufactures battery electric vehicles for the urban environment, with a focus on convenience, reliability and affordability. e.GO has developed a disruptive solution for producing its electric vehicles using proprietary technologies and low cost MicroFactories, and has vehicles already on the road today. e.GO is helping cities and their inhabitants improve the way they get around and is making clean and convenient urban mobility a reality. 
Visit https://www.e-go-mobile.com/ to learn more.  
**About Athena Consumer Acquisition Corp.**  
Athena Consumer Acquisition Corp. is the second SPAC founded by Isabelle Freidheim, with Jane Park serving as CEO, Jennifer Carr-Smith as President and Angy Smith as CFO. All three Athena SPACs are comprised entirely of women founders, CEOs, board members and other executives.   
**Important Information about the Business Combination and Where to Find It**  
In connection with the Business Combination, Next.e.GO N.V. (“TopCo”) intends to file with the SEC a registration statement on Form F-4 (the “Registration Statement”), which will include a preliminary prospectus and preliminary proxy statement. Athena will mail a definitive proxy statement/final prospectus and other relevant documents to its stockholders. This communication is not a substitute for the Registration Statement, the definitive proxy statement/final prospectus or any other document that Athena will send to its stockholders in connection with the Business Combination. Investors and security holders of Athena are advised to read, when available, the proxy statement/prospectus in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve the Business Combination (and related matters) because the proxy statement/prospectus will contain important information about the Business Combination and the parties to the Business Combination. The definitive proxy statement/final prospectus will be mailed to stockholders of Athena as of a record date to be established for voting on the Business Combination. Stockholders will also be able to obtain copies of the proxy statement/prospectus, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: 442 5th Avenue, New York, NY, 10018.  
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”), or an applicable exemption from the registration requirements thereof.  
**Participants in the Solicitation**   
Athena, e.GO, TopCo and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Athena’s stockholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Athena’s directors and officers in Athena’s filings with the SEC, and such information and names of e.GO’s directors and executive officers will also be in the Registration Statement to be filed with the SEC by TopCo, which will include the proxy statement of Athena for the Business Combination.  
**Forward Looking Statements**  
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Athena, e.GO, and TopCo’s expectations with respect to future performance and anticipated financial impacts of the Business Combination, the satisfaction of the closing conditions to the Business Combination, the level of redemptions by Athena’s public stockholders, the timing of the completion of the Business Combination and the use of the cash proceeds therefrom. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of Athena, e.GO, and TopCo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Athena, e.GO, and TopCo.  
These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the inability of the parties to successfully or timely consummate the proposed Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Business Combination or that the approval of the stockholders of Athena or e.GO is not obtained; (iii) failure to realize the anticipated benefits of the proposed Business Combination; (iv) risks relating to the uncertainty of the projected financial information with respect to e.GO; (v) the outcome of any legal proceedings that may be instituted against Athena and/or e.GO following the announcement of the Business Combination agreement and the transactions contemplated therein; (vi) future global, regional or local economic and market conditions; (vii) the development, effects and enforcement of laws and regulations; (viii) e.GO’s ability to grow and achieve its business objectives; (ix) the effects of competition on e.GO’s future business; (x) the amount of redemption requests made by Athena’s public stockholders; (xi) the ability of Athena or the combined company to issue equity or equity-linked securities in the future; (xii) the ability of e.GO and Athena to raise interim financing in connection with the Business Combination; (xiii) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (xiv) the risk that the proposed Business Combination disrupts current plans and operations as a result of the announcement and consummation, (xv) costs related to the Business Combination, (xvi) the impact of the global COVID-19 pandemic and (xvii) those factors discussed in the “Risk Factors” section of Athena’s Annual Report on Form 10-K for the year ended December 31, 2021, the Registration Statement (when available) and other documents if and when filed by Athena or e.GO from time to time with the SEC. Additional risks related to e.GO’s business include, but are not limited to: the market’s willingness to adopt electric vehicles; volatility in demand for vehicles; e.GO’s dependence on the proposed Business Combination and other external financing to continue its operations; significant challenges as a new entrant in the automotive industry; e.GO’s ability to control capital expenditures and costs; cost increases or disruptions in supply of raw materials, semiconductor chips or other components; breaches in data security; e.GO’s ability to establish, maintain and strengthen its brand; minimal experience in servicing and repairing vehicles; product recalls; failure by joint-venture to meet their contractual commitments; unfavorable changes to the regulatory environment; risks and uncertainties arising from the acquisition of e.GO’s predecessor business and assets following the opening of insolvency proceedings over the predecessor’s assets in July 2020; protection of e-GO’s intellectual property. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither e.GO nor Athena presently know or that e.GO and Athena currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect e.GO’s and Athena’s expectations, plans or forecasts of future events and views as of the date of this press release. e.GO and Athena anticipate that subsequent events and developments will cause e.GO’s and Athena’s assessments to change. However, while e.GO and Athena may elect to update these forward-looking statements at some point in the future, e.GO and Athena specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing e.GO’s and Athena’s assessments as of any date subsequent to the date of this press release Accordingly, undue reliance should not be placed upon the forward-looking statements. 

#### **e.GO Contacts**  
**For Investors:**  
Caldwell Bailey  
ICR, Inc.  
eGOIR@icrinc.com  
**For Media:**  
James McCusker  
ICR, Inc.  
eGOPR@icrinc.com  
#### **Athena Consumer Acquisition Corp. Contacts**  
**For Media & Investors:**  
Claire Kerr  
Bevel PR  
athena@bevelpr.com





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Next.e.GO Mobile SE and Athena Consumer Acquisition Corp. today announced a definitive agreement for a business combination that would result in e.GO becoming a publicly listed company on the New York Stock Exchange. 

Next.e.GO Announces Business Combination with Athena Consumer Acquisition Corp. Combined Company Expected to be Listed on New York Stock Exchange

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