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Zennström tricycles gas at listing

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Michael Wadsworth
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Niklas Zennstrom owns 6.8 percent of the Clean Motion, whose electric tricycle Zbee is meant for the Indian market.

In India, a country in places plagued by air pollution, like the Swedish vehicle manufacturer Clean Exercise monetize their eldriva tricycle Zbee.

On Thursday, the company was listed on First North.

At 9:40 on Thursday morning, the stock had risen 18 percent from the subscription price of SEK 8 to 9.4 kronor.

The company manufactures electric tricycles on a small scale in Trollhällan and aims besides India in markets like Indonesia.

In December last year, the Clean Motions Zbee the first electronic tricycle to meet all legal requirements as non-electronic, the company said in its annual report for 2015.

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Michael Wadsworth
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