Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first
all-electric, off-road powersports company, announced today it has
expanded its global distribution network into New Zealand. The
Company penned an exclusive distribution agreement with Powersports
Import and Distribution Limited, trading as Indi Imports. Indi
Imports joins a family of established specialist powersports and
automotive businesses in Queenstown Lakes District, Wānaka, New
Zealand.
Tom Wood Group, a notable entity with a history of successful
expansion in the US automobile and powersports landscape, has nine
powersports locations with seven in the United States and two in
New Zealand. Jeff Wood privately owns the New Zealand businesses,
as well as the Tom Wood Group, which is based in Indianapolis,
Indiana. Tom Wood Group management helped facilitate the agreement
between Volcon and Indi Imports, marking a significant milestone in
Volcon's international market efforts and reach.
The ecological benefits of Volcon’s electric vehicles, devoid of
oil or gas externalities, positions them as a superior option for
the agriculture sector, aligning with New Zealand’s environmental
stewardship, where automotive EV registration has doubled from 2021
to 2022. Cristian Liani, International Sales Manager for Volcon
ePowersports remarked, “This collaboration with Indi Imports
overseen by the reputable Tom Wood Group, is another step forward
in Volcon's global journey. The environmentally conscious and
agriculture communities in New Zealand present a ripe market for
our electric vehicles. Following our successful expansion in Latin
American territories, stepping into New Zealand is a thrilling
venture and paves the way for more international alliances.”
Daniel Irwin, General Manager for Indi Imports shared his
excitement with the forming of the Volcon agreement. “We are
looking forward to the opportunity of being long-term
collaborators within the Volcon brand global roll out while
gaining a genuine, first-mover advantage across outdoor EV vehicles
for off-road adventures in both business and pleasure. Our initial
seeding order encompassing the Volcon Stag UTV and two-wheel
vehicles, the Grunt EVO off-road motorcycle, and the Brat e-bike
will enable us to bring a global leading product to the market
while allowing us to diversify our commercial model from a retail
sales, parts, accessories and service business to national
importing and distribution of alternative and independent
ePowersport options.”
The announcement is a continuation of Volcon’s strategic global
expansion, following a distribution agreement in Brazil worth up to
$12 million dollars that propelled Volcon’s presence into eight
countries in South America. The venture into New Zealand not only
diversifies Volcon’s global market penetration but also signifies a
step towards fulfilling its mission of revolutionizing off-road
mobility with eco-sustainable solutions. For more information on
the Stag or Volcon’s developmental process, please visit
Volcon.com.
About Wānaka Powersports
Based in Wānaka, New Zealand, our unique geographic location in
the heart of the central lakes district of the South Island
connects us to the lakes, mountains and rural lifestyle. Formed in
2018, Wānaka Powersports is the flagship retail, parts &
accessories store and full mechanical workshop for all things
Powersports.
We hold sub-distribution rights of leading powersports brands.
Indi Imports is our business to business channel, while Wānaka
Powersports, Yamaha Powersports and Honda Store Wānaka are our
direct to consumer channels. Wānaka Powersports Adventure Rentals
Limited provides for the tourism market.
It is our vision to lead the New Zealand Powersports market by
delivering an exceptional level of service to our customers before,
during and after every purchase. We pride ourselves on excellence
by providing quality products, service, and repair. We are
passionate about our industry and proud to be of service to other
Powersports enthusiasts.
Across all the businesses we cater for all Powersport
enthusiasts including, Motorcycle’s, Dirt bikes, Sport bikes,
Moped’s, ATV’s, ORV’s, Snow Mobiles, Snow Motorcycles, Power
watercraft and Wake Boats.
Wanaka Powersports Links:
https://www.wanakapowersports.com/
https://www.yamahawanaka.com/
https://www.otagohonda.com/
https://powersportsadventuresnz.com/
https://indiimports.com/
About Volcon, Inc
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 Q4 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 Q4 2023. 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.
Volcon Contacts:
For Media: media@volcon.comFor Dealers: sales@volcon.comFor
Investors: investors@volcon.com
Volcon Products:Volcon
Stag: https://www.volcon.com/stagVolcon
Brat: https://www.volcon.com/bratVolcon
Grunt: https://www.volcon.com/grunt-evoVolcon
Runt: https://www.volcon.com/runt-ltVolcon Youth
Line: https://www.volcon.com/youth
Forward-Looking Statements: Volcon
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,
whether the Company can begin production of the Stag to meet
expected deliveries to customers beginning in October 2023, 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f15a2516-3dd2-41f1-acc5-704cbd346062
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