Elektros, Inc. (OTCMKTS: ELEK) has been on the move northbound in recent weeks since reversing off $0.094 lows. The stock is under accumulation by penny stock speculators and it’s easy to see why; ELEK ran from current levels to over $8 per share in November 2021, a run we reported on after the Company announced “Miami Billionaire, Dr. Michael Dezer is a new majority shareholder of the company. Dr. Dezer is the renowned real estate developer, recognized for his investments in New York and Florida. Also, he is a well-known collector of Classic car Memorabilia.”  

ELEK has runner in its blood and penny stock speculators who got rich on the historic run ELEK made in November 2021 to over $8 per share are accumulating as ELEK reverses northbound off 52-week lows under a dime. The stock has a huge gap to fill from current levels and popped to $0.50 in a day in March so it’s still got plenty of spring and can move fast. Out of the 426,670,714 shares currently issued and outstanding, 397,085,404 are restricted leaving a low float of just 29,585,310 free trading ELEK shares worth $3.5 million. The Company is also making progress reporting on June 3 it has a patent pending filed with the United States Patent and Trademark Office for a revolutionary portable charger battery that will be compatible with all established electric vehicle companies such as Tesla Motors and Mercedes-Benz EQS. 

Elektros, Inc. (OTCMKTS: ELEK) operating out of Sunny Isles Beach, Florida is an American electric transportation company that innovates mobility solutions for consumers and businesses. The automotive landscape faces existential disruption over the next decade to reach carbon neutrality. Elektros addresses this paradigm shift with mobility technologies that support sustainability for a transformative user experience. Elektros aims to present a compelling and completely new electric vehicle experience known as Elektros Sonic to consumers beginning as early as 2023.   

In April the Company purchased 100 Elektros Sonic vehicles from their exclusive manufacturer, Jinpeng Group. This purchase order includes twenty high-speed electric vehicles and eighty low-speed electric vehicles which will all be Elektros Sonic branded. In addition to the heavily anticipated Elektros Sonic high-speed vehicles, the company also looks forward to providing consumers with an even more affordable option. This option includes low-speed electric vehicles that will help reduce the carbon footprint by providing consumers with an eco-friendly means of transportation for local travel and everyday errands. These street-legal Elektros Sonic vehicles will be able to drive up to 25mph and may be registered and insured by consumers once they are approved by the U.S. Department of Transportation. All one hundred Elektros Sonic vehicles are expected to deliver to the U.S. in the next ninety days. Elektros Sonic looks forward to paving the way to a more sustainable, cost-effective future of mobility for all.

$ELEK otc went from Pennie’s to $8.5 and now .10 in like 6 months

— David Capablanca (@reverse_long) May 28, 2022

Microcapdaily reported on ELEK for the first time on November 16, 2021 as the stock was making its historic run from pennies to $8.50 per share in our article: “Elektros Inc. (OTCMKTS: ELEK) Skyrockets as Miami Billionaire Dr. Michael Dezer Becomes Majority Owner of Emerging EV Innovator.” we wrote: “ELEK is skyrocketing up the charts after the Company announced Miami Billionaire Dr. Michael Dezer has become a majority shareholder in ELEK. Dr. Dezer is the renowned real estate developer, recognized for his investments in New York and Florida. Also, he is a well-known collector of Classic car Memorabilia. ELEK is “pink current” with 404 million shares outstanding and valued at just $140 million total market valuation at current price levels. The Company has an ambitious plan to target manufacturers of electric vehicles such as Waymo, Envoy, Lucid Motors, Revel, NIO, and Nikola with its patent pending technology, as well as manufacturers of alternative fuel vehicles. The Company plans to begin operations to design, develop and manufacture and sell fully electric sport utility vehicles and energy generation and storage systems. Elektros is targeting not only the EV Market. But plans to manufacture its own EV vehicle. By signing a contract with Segula Technologies. They have their US base in Detroit MI. Establishes them squarely inside the EV arena. The Company is also setting their sights on cultivating its own electric SUVs.   

$ELEK Billionaire backed electric vehicle company with multiple patents pending such as portable EV battery compatible with $TSLA 👏

— Michael B. (@otctrades_mb) June 2, 2022

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On March 16, Elektros, Inc. entered into an Exclusive Agency Framework agreement, with Jinshun Import and Export Xuzhou Co., LTD of China to exclusively sell and distribute JIEX electric vehicles. The Agreement calls for at least 2,000 units to be produced by JIEX and distributed by ELEK with unit increases of 30% every 12 months. The Company also entered into a Regulatory Consulting Agreement (“Consulting Agreement”) with IDIADA Automotive Technology USA LLC based in California to crash test and certify Elektros Sonic vehicles directly from China. IDADA provides a renowned certification program that closely examines vehicle production from overseas and performs a high level gap analysis to assess what is needed for National Highway Traffic Safety Administration (NHTSA) and Federal Motor Vehicle Safety Standards (FMVSS) compliance. The IDIADA team recently visited Elektros Sonic point of production site in China. 

Elektros is in the process of purchasing several electric vehicles from Tesla, Inc. to launch the company’s heavily anticipated all-electric vehicle rental car division. This purchase order will include multiple Tesla models which are expected to deliver in October of this year. With the current demand for vehicles at all-time highs, the company looks forward to providing consumers with accessible and affordable car rental alternatives that will also aid in reducing the carbon footprint in the future. The company also foresees high demand from consumers who want to experience Tesla vehicles for the first time without having to purchase the vehicle. The first all-electric vehicle fleet will become available through Turo, a carsharing company, in Sunny Isles Beach, FL before expanding to other cities nationwide. The company looks forward to pioneering the future of electric mobility with sustainability in mind. 

On June 3 ELEK announced it has a patent pending filed with the United States Patent and Trademark Office for a revolutionary portable charger battery that will be compatible with all established electric vehicle companies such as Tesla Motors and Mercedes-Benz EQS. 

The portable battery will be like an attaché case that contains an extension cord and allows consumers to plug in their electric vehicles at any time or place in case they do not have access to a traditional electric vehicle charger. This technology will have the consumer in mind and depending on the type of electric vehicle, the portable charger may be stored neatly in the trunk, connecting with the vehicle’s main battery and turning on with a simple switch on the dashboard when needed. The company aims to perfect this world-renowned battery technology over the next year to make it compatible with all Tesla models and other electric vehicles such as the Mercedes-Benz EQS. The company is thrilled to continue to provide electric mobility solutions that help shape the future of the electric vehicle industry. 

$ELEK Billionaire backed electric vehicle company with multiple patents pending such as portable EV battery compatible with $TSLA 👏

— Michael B. (@otctrades_mb) June 2, 2022

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Currently trading at a $50 million market valuation ELEK is an exciting stock that ran from current levels to over $8 per share in November 2021, a run we reported on after the Company announced “Miami Billionaire, Dr. Michael Dezer is a new majority shareholder of the company. Dr. Dezer is the renowned real estate developer, recognized for his investments in New York and Florida. Also, he is a well-known collector of Classic car Memorabilia.”  Since recently reversing off a dime ELEC has been on the move northbound. The stock has a huge gap to fill from current levels and popped to $0.50 in a day in March so it’s still got plenty of spring and can move fast. Out of the 426,670,714 shares currently issued and outstanding, 397,085,404 are restricted leaving a low float of just 29,585,310 free trading ELEK shares worth $3.5 million. The Company is also making progress reporting on June 3 it has a patent pending filed with the United States Patent and Trademark Office for a revolutionary portable charger battery that will be compatible with all established electric vehicle companies such as Tesla Motors and Mercedes-Benz EQS. We will be updating on ELEK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ELEK.

Disclosure: we hold no position in ELEK either long or short and we have not been compensated for this article.