The purpose of the company is the development, manufacture and distribution of electric and water vehicles of all kinds, including clothing and accessories, also without electric propulsion. The company can acquire, hold, manage, exploit and sell brands, patents, industrial property rights and know-how as well as other intellectual property rights, provide financing for its own account or for third-party account, and grant guarantees and warranties for subsidiaries and third parties. The company can establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, acquire, hold, manage or resell real estate, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. The company can establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company can acquire, encumber, sell and manage real estate in Switzerland and abroad. It can also provide financing for its own account or for third-party account, and grant guarantees and warranties for subsidiaries and third parties.