Powerband Solutions Inc. has reached a Memorandum of Understanding ("MOU") to use its DRIVRZTM technology to supply leasing, purchasing, and other financial services to emerging electric truck manufacturer and subscription EV provider, Atlis Motor Vehicles Inc. ("ATLIS"). Both companies intend to work together to develop a bespoke, white-labelled marketplace for ATLIS, allowing buyers of Atlis XT trucks to purchase, lease, and insure their vehicles from any digital devices. In addition to traditional ownership models, Arizona-based ATLIS is also building an all-inclusive subscription model for electric vehicle users. It plans to begin selling its XT electric pickup truck and subscriptions in the United States by 2022. It is currently taking advance reservations for the XT, which offers a 500-mile range battery that recharges in less than 15 minutes. Under the agreement, PowerBand, and its finance division DRIVRZ Financial, will work with ATLIS to adapt the DRIVRZTM platform on a white-label basis. Offering white-label services is part of PowerBand's strategy to widely introduce emerging and legacy automotive manufacturers, as well as consumers and automotive dealers, to its DRIVRZTM platform, which can approve leases in as little as eight seconds. The MOU stipulates PowerBand is also responsible for "maintaining open lease lines and insurance products" for ATLIS and its customers. PowerBand and its finance division, DRIVRZ Financial, recently announced an agreement with two U.S. financial institutions that will allow the company to access $2 billion USD in credit facilities to support EV lease lines. Those credit facilities -- $1 billion USD per financial institution -- are expected to be available for ATLIS subscription and vehicle transactions, providing they meet DRIVRZ Financial approval guidelines. ATLIS is a start-up mobility technology company developing an electric work truck, and the batteries and motors to drive it. To date, ATLIS has submitted 25 patent protection applications for battery cells, battery thermal management technology, charging technology, modular platform, and various vehicle systems.