ZOOZ Power expects it will need to obtain additional funding in 2025

As of December 31, 2024, ZOOZ had approximately $7,532 thousand in cash, cash equivalents and short-term deposit, compared with approximately $6,672 thousand as of December 31, 2023. Since ZOOZ has just started commercial sales of its products and considering ZOOZ’s expected cash usage, early this year ZOOZ initiated certain measures designed to reduce its operation cost, such as workforce reduction where it deemed appropriate and has continued its sales and marketing efforts. In addition, ZOOZ expects that it will need to obtain additional funding in 2025 in connection with its continuing operations.