Special Advisory: Tropical Battery Company Limited (TROPICAL)

January 31, 2025

 

Tropical Battery Company Limited (TROPICAL) has advised that its subsidiary, Tropical Mobility has announced the signing of a memorandum of understanding with Ellesco, led by hotelier, real estate developer and electric vehicle pioneer Lee Issa. The strategic partnership was formed between the two companies to drive the adoption of electric vehicles in key sectors across Jamaica.
TROPICAL has further advised that under the terms of the partnership, Tropical Mobility will establish a flagship showroom at Tropical Plaza in Half-Way-Tree to promote Tesla passenger vehicles and electric motorbikes from the combined portfolio of both companies. The two parties will join forces to commercialize electric kick scooters, bicycles, motorbikes and ATVs, as well as passenger vehicles for private motorists and corporate fleets, commercial vehicles and buses.

 

Disclaimer:

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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