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DG Innovate Board restructuring and £2.4 Million Convertible Note fundraise

DG Innovate (LON:DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, has announced, inter alia, a board restructuring, including the appointment of three new executive directors with significant experience in the electric vehicle sector, all of whom have held senior roles with Tesla, as detailed below, and a £2.4 million fundraising via the issue of convertible notes.

The new executive management team envisage a dual strategy: to complete the development and commercialisation of the Company’s existing technology and to build a larger business through significant complimentary acquisitions within the wider electric mobility and energy storage spaces.

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