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EV firm Atlis plans US stock market listing amid IPO drought

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Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates. The Mesa, Arizona-based company is developing an electric truck that it says can match the towing and payload capabilities

Atlis Motor Vehicles has become the latest startup in the electric-vehicle space to unveil plans for an initial public offering as the global push towards electrification accelerates.

The company intends to list on the Nasdaq this summer under the ticker symbol"AMV" and will use the IPO proceeds to scale up operations, it said on Wednesday. Atlis declined to disclose how much it expected to raise through its offering.

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