ZAP Offers Full Service Financing for Electric Vehicle and Car Purchases

SANTA ROSA, Calif., Aug. 23, 2007 -- Electric car pioneer ZAP (BULLETIN BOARD: ZAAP) announced today that it has partnered with netLoan Funding, LLC to provide ZAP customers with one-stop Internet financing for electric vehicle and electric car purchases. netLoan Funding provides lender management services and a diversity of loan and lease options for on-line or point-of-sale purchases of almost any asset.

Although ZAP has already sold over 100,000 electric vehicles in 75 foreign countries, it now has the capability -- with the netLoan Funding finance platform -- to offer its customers multiple finance options to purchase any ZAP electric vehicle or to get pre-qualified by a lender prior to purchase. netLoan will initially offer ZAP customers a variety of unsecured personal loan options to make their purchases, with additional secured loan and lease options to be rolled out in the coming months.

"The majority of automobiles are purchased through monthly payments," said ZAP CEO Steve Schneider. "This association removes the barrier for average consumers to be able to afford a ZAP electric car, truck or scooter."

ZAP's goal is to provide customers with unparalleled on-line access to electric vehicles, and to offer the widest variety of consumer and commercial financing products for those vehicles, including secured loans and leases, and unsecured loans for consumers and businesses. Now with the relationship with netLoan funding, ZAP can increase the affordability of its full line of electric vehicles. To apply for funding, go to http://www.zapworld.com/ and select any electric vehicle.

About ZAP

ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer, and investor information, visit http://www.zapworld.com/.

About netLoan

Since 2005 netLoan Funding has provided consumer and commercial financing solutions to sale and auction websites. Originally established to provide these lender management services to eBay Motors (see http://www.netloanfunding.com/) the netLoan model has since expanded to include the development and management of customized finance programs for dealers and sellers of all types of consumer and commercial products.