| For younger riders between the ages of 4 to 11, the Company is launching and currently delivering the Volcon Youth line of dirt bikes. The line includes two sizes; the Moto Kids One, which is designed for the youngest riders from 4 up to age 6, and the Moto Kids Two, which offers riders ages 7 to 11 a friendly motocross-inspired electric motorcycle for new riders. The Company is working with European manufacturer Torrot to bring these exciting motorcycles to market. “Having a product line that provides options for the entire family aligns with our goal to empower adventure at all ages, regardless of their passion. When kids start learning to ride on a Volcon early, we’re confident they’ll continue to ride Volcon products as adults,” said Katie Hale, CMO of Volcon. The Moto Kids One and Kids Two are currently in stock and in the process of being shipped to dealers across the US. The Company recently made strides to improve margins and cash flow by securing a manufacturing agreement with GLV Ventures (GLV) in August of 2022. GLV and its partner companies have been providing automotive solutions, superior product development and advanced manufacturing in a timely, cost-effective manner for over 25 years. “Our partnership with GLV brings years of automotive manufacturing experience to our ranks. The team at GLV has been associated with major brands like GM, Honda Marine, Continental, Powertrain Control Solutions, and others, which speaks volumes to their attention to detail and a quality finished product,” said Jordan Davis, Volcon’s Chief Executive Officer. “We believe our agreement with GLV will continue to assist us in an accelerated product launch strategy, all the while ensuring the quality and safety of our vehicles.” In addition to product launches and manufacturing improvements, the network of relationships and brand collaboration opportunities continues to grow and evolve. The Company secured a co-development agreement with BF Goodrich to close out 2022, making BF Goodrich their sole tire supplier for the Stag. In addition, the Company has found a natural alignment with research and development, innovation, and education opportunities; currently coordinating collaborations with university research groups like Texas A&M’s George H.W. Bush Combat Development Complex, the Texas A&M Transportation Institute, and other collaborations in the works. “We’re looking forward to what we believe will be a strong year for Volcon. Our planned product launches, collaborations, and alignments with well-known brands in the off-road space reflect what we believe to be our legitimacy in the space. We certainly plan on 2023 being the year that catalyzes Volcon into a highly successful business,” concluded Davis. AboutVolcon, Inc Based in the Austin, Texas area, Volcon was founded as the first all-electric powersports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience. Volcon’s 2023 vehicle roadmap includes both motorcycles and UTVs hitting the market in North America. Its first product, the innovative Grunt, has been shipping to customers since late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Runt, which is a fun-sized version of the groundbreaking Grunt, is better suited for small-statured riders, more compact properties, and trails, or as a pit bike at race events, while still delivering robust off-road capabilities. The Brat is Volcon’s first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. Volcon is also launching and currently delivering the Volcon youth line of dirt bikes for younger riders between the ages of 4 to 11. Volcon recently launched the Stag and entered the rapidly expanding UTV market with a major announcement that all Volcon four-wheeled vehicles will be powered by General Motors’ proven and tested electric propulsion systems, starting with the Stag. The Stag empowers the driver to explore the outdoors in a new and unique way that gas-powered UTVs cannot. The Stag offers the same thrilling performance of a standard UTV without noise (or pollution), allowing the driver to explore the outdoors with all their senses. |
