OmniCar provides corporate update following yesterday’s announcement of a directed issue

OmniCar Holding AB ("the Company"), a technology solutions provider empowering the auto industry, yesterday announced a directed issue that will enable the Company to reach profitability.

OmniCarService proves to stand resilient in times of financial uncertainty showing growth figures in Q4. As communicated earlier OmniCarService have by end of November shown growth increase of more than 100% compared to the same period in 2021. The directed issue, communicated yesterday, will enable the Company to reach profitability.

“Even when consumer confidence is decreasing, we note that maintaining your car still is a priority” says CEO Mikkel Kofod Christiansen. “Our customer base is growing day-by-day supported by our updated and automated booking solution and our happy existing customers. We have a solid base and are pleased to have support from investors making it possible to reach positive cash flow. In parallel we are developing a truly scalable business ready for expansion.”

In the early part of 2023, investors will be invited to hear more about the Company’s strategy, as well as details on our objectives going forward.

About OmniCar Holding AB

OmniCar Holding AB creates technology solutions that empower the auto industry. The company launched OmniCarService in 2020, Denmark’s first mobile car service platform. As part of this service, the company has developed an industry leading IT system which offers a real time price generator, CRM system, a geo-planning tool, and an integrated parts ordering system. Additional information about OmniCar Holding AB may be found on its website: https://www.omnicar.com/