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Zap gets a new chairman: Eqbal Al Yousuf

Just days after the Al-Yousuf Group bought $475,000 of Zap's convertible debt, the president of that group, Eqbal Al Yousuf, was named chairman of Zap. This is not the first time Zap and Al-Yousuf came together: last November, the group (based in the United Arab Emirates) bought $5 million worth of ZAP shares and Eqbal Al-Yousuf has been on ZAP's Board of Directors since December. Al-Yousuf will become Zap's chairman on June 2. According to Zawya, Zap is the only non-UAE company the Al-Yousuf Group is invested in, but Al Yousuf himself ... Read more →

Phoenix Motorcars gets a refill for the petty cash box Sam Abuelsamid

There's some interesting financial activity going these days in the electric vehicle realm and it wouldn't be surprising to see some consolidation happen soon. In the past year Phoenix Motorcars and ...

Zap gets a new chairman: Eqbal Al Yousuf 1 year ago on Autoblog Green

Just days after the Al-Yousuf Group bought $475,000 of Zap's convertible debt, the president of that group, Eqbal Al Yousuf, was named chairman of Zap. This is not the first time Zap and Al-Yousuf came together: last November, the group (based in the United Arab Emirates) bought $5 million worth of ...

Phoenix Motorcars gets a refill for the petty cash box 1 year ago on Autoblog Green

There's some interesting financial activity going these days in the electric vehicle realm and it wouldn't be surprising to see some consolidation happen soon. In the past year Phoenix Motorcars and Zap have trailed only the Tesla Roadster and Chevy Volt in attention for battery-propelled vehicles. ...


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