EZGO Technologies Ltd. (Nasdaq: EZGO), a short-distance transportation solutions provider headquartered in Changzhou, has completed its initial public offering (IPO), and the company’s shares began trading on the Nasdaq Capital Market on January 28.

EZGO Technologies was founded in 2014. Currently, the company’s business scopes include trading of lithium cells, rentals and sales of lithium batteries and electric bicycles, production and sales of e-bicycles, and franchising and operation of smart charging piles for e-bicycles.  

EZGO’s IPO consisted of 2,800,000 common shares issued at $4.00 per share, for total gross proceeds of $11.2 million. This will strengthen the company’s branding, R&D and production capacity, and will enable it to realize its vision to become a leading short-distance transportation solutions provider in China.

EZGO Technologies Ltd. is the 73rd Changzhou-based enterprise listed on the stock exchanges. Li Lin, vice mayor of Changzhou Municipal People’s Government and secretary of CPC Wujin District People’s Government, attended the company’s bell ringing ceremony and delivered a speech.

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