AUSTIN, TX -- February 28, 2024 -- InvestorsHub NewsWire --
Volcon Inc. (NASDAQ:
VLCN) (“Volcon” or the “Company”).
Dear Volcon Customers, Dealers, Suppliers, and Investors,
It’s been a little over three weeks since I took the role of CEO
for Volcon Inc. I’d like to spend a moment to give you an update on
the Company as we’ve made some significant achievements.
First, we’ve successfully launched production of the Volcon
Stag, which is the fastest production electric UTV on the market.
We’re currently ramping up manufacturing. Also, I’m excited to
announce that today we’ve delivered our first production vehicle to
the US Army Corps of Engineers, where it will be evaluated for
military and humanitarian aid purposes. This first vehicle is part
of a larger order of units that will be delivered to them over the
coming months for further testing.
Overall, we’ve achieved a major milestone by starting delivery.
In the coming months, we will continue to ramp up Stag production
and sales, while continuing to deliver our line of electric
motorcycles to customers in the US and abroad.
Second, we’ve started our dealer roadshow for the Stag. Our
sales team members began visiting dealerships in Texas this week to
demo and give test rides to customers. We plan a further roll-out
of this roadshow over the coming months to visit all of our
dealers. Furthermore, we’ve restructured our marketing efforts to
focus on converting existing reservations into confirmed sales.
On the two-wheeled side of our business, our Grunt EVO
motorcycles are in full production. We are currently delivering
motorcycles to dealers all around the US and also shipping them to
our international distributors.
I’d like to congratulate the hard work of the team at Volcon and
to also thank all of our customers, dealers, suppliers and
investors that have given us support throughout the years. Thank
you for helping us and I hope you will continue to be a part of our
growing community.
Best regards,
John Kim
About Volcon
Based in the Austin, Texas area, Volcon was founded as the first
all-electric power sports 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 vehicle roadmap includes both motorcycles and UTVs. Its
first product, the innovative Grunt, began shipping to customers in
late 2021 and combines a fat-tired physique with high-torque
electric power and a near-silent drive train. The Volcon Grunt EVO,
an evolution of the original Grunt with a belt drive, an improved
suspension, and seat, began shipping to customers in October 2023.
Volcon will also offer the Runt LT, a fun-sized version of the
groundbreaking Grunt, 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 currently delivering
the Volcon Youth Line of dirt bikes for younger riders between the
ages of 4 to 11. Volcon debuted the Stag in July 2022 and entered
the rapidly expanding UTV market and previously announced that it
expects to begin shipping the Stag to customers in the fourth
quarter of 2023, which has been delayed as noted above. 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 the noise (or pollution),
allowing the driver to explore the outdoors with all their
senses.
For more information on Volcon or to learn more about its
complete motorcycle and side-by-side line-up,
visit: www.volcon.com
Forward-Looking Statements
Some of the statements in this release are forward-looking
statements, which involve risks and uncertainties. Forward-looking
statements in this press release include, without limitation, when
the Company can ramp up production of the Stag, how quickly we can
complete our dealer roadshow for the Stag and whether production of
the Runt LT will occur. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable as of the date made, expectations may prove to have been
materially different from the results expressed or implied by such
forward-looking statements. The Company has attempted to identify
forward-looking statements by terminology including ''believes,''
''estimates,'' ''anticipates,'' ''expects,'' ''plans,''
''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,''
''might,'' ''will,'' ''should,'' ''approximately'' or other words
that convey uncertainty of future events or outcomes to identify
these forward-looking statements. These statements are only
predictions and involve known and unknown risks, uncertainties, and
other factors. Any forward-looking statements contained in this
release speak only as of its date. The Company undertakes no
obligation to update any forward-looking statements contained in
this release to reflect events or circumstances occurring after its
date or to reflect the occurrence of unanticipated events. More
detailed information about the risks and uncertainties affecting
the Company is contained under the heading “Risk Factors” in the
Company’s Annual Report on Form 10-K and subsequently filed
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K
filed with the SEC, which are available on the SEC’s
website, www.sec.gov.
SOURCE: Volcon ePowersports, Inc.
CONTACT: Volcon Contacts For Media: media@volcon.com For
Dealers: dealers@volcon.com For Investors: investors@volcon.com For
Marketing: marketing@volcon.com
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