Fresco Announces the Opening of Its Shop

Fresco shop consists of a wide collection of merchandise

Oslo, Norway, March 1, 2022 - Fresco Motors AS ("Fresco"), a Norwegian technology company, is pleased to announce they will open their merchandise shop at www.frescomotors.com on the 8th of March at 07:00 p.m. CET (Central European time). The Fresco shop aims to offer a gradually rising range of different merchandise.

"Due to the rising interest in our company, we have chosen to open up our shop," said Espen Kvalvik, CEO & Chairman of the Board of Fresco. "We are delighted to inform our stakeholders that our collection of merchandise will consist of t-shirts, hoodies, artwork, to mention a few, and the collection will gradually become larger as time goes by."

In correlation with the company's lean and asset-light management strategy, Fresco goes on to inform that their merchandise will be managed by a third party. While being designed by the company, all of their goods will be produced on-demand and shipped through dropshipping.

"We want to be asset-light for as long as possible," added Jakob Kirsebom Lanto, CFO & Member of the Board of Fresco. "Working with a third-party will ensure our management strategy, and give us time to focus on Fresco XL, while our customers will be able to receive on-demand merchandise."

Fresco will open its shop on March 8, 2022, at 07:00 p.m. CET at www.frescomotors.com

Media Contact

press@frescomotors.com

About Fresco Motors AS

Fresco Motors AS is a Norwegian technology company based in Oslo, Norway focused on the development of electric vehicles.