Enova Announces Successful Capital Raising

TORRANCE, Calif.--June 19, 2002--Enova Systems, Torrance, California (OTCBB:ENVA - News), today announced the success of its recent drive for increased capitalization, raising more than $4 million. This investment capital infusion comes at an important time in Enova's development, bolstering key production programs providing increased revenue growth for the Company.

The investor group includes Jagen Pty, Ltd of Australia, expressing its ongoing confidence as Enova's largest shareholder; RAB Capital from the United Kingdom; as well as a syndicate of other international and domestic private investors.

Anthony Rawlinson, Enova's Chairman of the Board, said, "This new financing, coming during a challenging time for financing in the energy technology sector and the stock market as a whole, is a powerful endorsement of Enova's strategic plan. We now are backed by a broad base of international investors from Europe, Asia, and North America."

Enova will apply a substantial portion of this vital investment capital to expand its product base, customer service and support. The Company anticipates that revenues in 2002 will increase by more than fifty percent from 2001 levels. Additional financial resources remain targeted toward the research and development that is at the core of Enova's technological leadership, and to meeting the production requirements for a series of ongoing programs.

Carl Perry, Enova's President and CEO, stated, "Enova is on the move, generating sales from new international and domestic customers, filling our production orders from major OEMs and developing new and more advanced power management systems for mobile and stationary applications. We share the excitement of our investors about the Company's prospects for 2002 and beyond."

The production programs include:

Major Automotive Alliances, such as production of key components for Ford's Th!nk city vehicle due to commence production this year in alliance with Ballard Power; Enova is also developing advanced automotive and transit power train systems on both hybrid and fuel cell platforms for Ford's Focus Fuel Cell Vehicle and Hyundai Motor Company. Heavy-Duty Major Bus Alliances with major international and domestic bus manufacturers such as Advanced Vehicle Systems of the United States for our Panther(TM) drive system with the Capstone Turbine and Wrights Bus of the United Kingdom; Eco Power Technology (which recently won a contract to supply the City of Turin, Italy for hybrid buses); Tomoe Engineering and Moriah Corporation of Japan; and Hyundai Motor Company for Panther(TM) 120kW electric and hybrid-electric drive systems. Stationary Power Applications, an area of expanding opportunity, including UTC Fuel Cells , Ballard Power and other energy producing companies for both power management and power conversion applications. About Enova Systems

Enova Systems, with headquarters in Torrance, California, and offices in Hawaii and South Korea, is a leading designer, developer, and manufacturer of power management and conversion systems for the global mobile and stationary alternative energy market. The Company's technology and products in power conversion, energy management, and system integration enable Enova Systems to integrate a wide range of power sources, including advanced batteries, fuel cells, and turbine generators, in these power applications. The Company's product lines include the Panther(TM) propulsion systems ranging from 10kW to 240kW, DC-DC supplies for low voltage accessories, and power management systems for batteries, fuel cells, turbines and other components. Enova's propulsion systems and components are used in OEM vehicles from Hyundai Motor Company and Ford and are supplied to Ballard for use in the Ford Th!nk city vehicle. Enova also develops and manufactures propulsion systems for transit buses and airport trams. For more product details and other news see the Enova website at www.enovasystems.com.