LOBO EV signs manufacturing, distribution agreement with Capital Fortress

LOBO EV (LOBO) signed a strategic manufacturing and distribution agreement with Capital Fortress Assets. This agreement marks a pivotal expansion of LOBO’s business in the U.S. and Australian markets, two regions with significant growth potential for robotic lawn mowers. Under the terms of the agreement, Capital Fortress will distribute and assemble LOBO’s robotic lawn mowers and other innovative products in the U.S. and Australia. LOBO will supply products and components to Capital Fortress in Complete Knock Down form, enabling efficient local assembly and distribution. This strategic collaboration enhances LOBO’s ability to penetrate key markets effectively while prioritizing operational efficiency. Key Highlights of the Agreement: Exclusive Distribution Rights: Capital Fortress is granted exclusive rights to distribute and sell LOBO’s robotic lawn mowers in the U.S. and Australia, excluding direct e-commerce channels. Sales Commitments: A minimum sales volume of $1 million or 1,500 units within the first 12 months, supporting the scalability of the venture. Manufacturing Innovation: Provisions for supply chain optimization, including supporting efforts to develop locally manufactured components to enhance cost efficiency and meet regulatory requirements. Support: Capital Fortress will provide comprehensive after-sales service.