Visionary’s $1 Billion Leap could drive PEGASUS and the NEV Future

March 5, 2025

DENVER, Colo., Mar 05, 2025 (247marketnews.com)- Visionary (NASDAQ:GV) reported a new energy vehicle (NEV) sector gamechanger: a $1 billion financing consent letter from Qatar’s Alfardan Group. This deal allows for Visionary to potentially transform its PEGASUS NEV project. With this capital infusion, Visionary may redefine the NEV landscape.

The NEV market, projected to hit $1.5 trillion by 2030, is a battleground of innovation. A hefty chunk of the Alfardan funds will fuel Visionary’s R&D team’s battery range, vehicle durability, and intelligent driving development efforts. The “three-electric” system—battery, motor, and control—remains a bottleneck for the industry.

Beyond the lab, Visionary is laying the groundwork for scale. The funds will bankroll a state-of-the-art manufacturing base, packed with intelligent production equipment to boost efficiency and ensure PEGASUS vehicles meet global standards.

 

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