Volcon Announces Exclusive Co-Branding and Distribution

AUSTIN, Texas, Oct. 13, 2022 (GLOBE NEWSWIRE) — Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the primary all-electric, off-road powersports firm, introduced right this moment that it has signed an unique co-branding and distribution settlement with Torrot Electric Europa, S.A. Volcon can be granted unique rights to promote the brand new vary of youth bikes all through the United States, Caribbean Community nations and dependencies, in addition to Central and South America. The bikes can be constructed by Torrot at their facility close to Barcelona, Spain.

The three yr settlement will present Volcon with a right away entry into the rising youth powersports market, bringing with it the likelihood to extend revenues and profitability. The corporations plan on introducing further variations of the present lineup over the subsequent two years, providing a variety of youth electrical bikes, permitting anybody from ages 3 to 16 to benefit from the electrical bike expertise.

Founded in 1948, Torrot has nearly 75 years of expertise designing and manufacturing bikes. Over the years, Torrot has designed and manufactured bikes for well-known manufacturers together with Gas Gas and Rieju. In 2011, Torrot started specializing in designing technologically superior electrical autos which might ecologically match throughout the world we reside in right this moment. The corporations consider that the wedding of Torrot’s a long time of expertise in bike manufacturing and design know-how in electrical bikes, and Volcon’s rising model will speed up the manufacturers’ shared imaginative and prescient of electrifying powersports.

With the addition of six new electrical bikes to Volcon’s product line and the deliberate future co-branded launches within the coming two years, the Company is nicely on its approach to turning into a “one-stop-shop” for powersports followers searching for electrical off-road autos. The profitable incorporation of the Volcon branded merchandise will permit Volcon to supply bikes to riders starting from younger, first time riders, to skilled grownup fanatics.

“As we’ve stated before, we believe collaboration is key to success in the proliferation of electric vehicles, so it was a natural fit for us to partner with Torrot in bringing a youth focused electric motorcycle offering to the Americas under the Volcon brand,” stated Jordan Davis, Chief Executive Officer of Volcon. “The kids range of electric motorcycles offers a great way for young riders to learn motorcycling skills, both on road and off, while at the same time creating awesome opportunities for kids to participate in the sport with their families. Bringing high quality, youth oriented off-road electric motorcycles into our entire EV portfolio, which now includes the Grunt, Runt, Brat and Stag, now puts us on an accelerated path to offering a full range of ePowersports solutions for every age group and interest level. ”

The preliminary product vary will supply three bike kinds in two sizes. These will embody the Motocross One, Trial One, and Supermotard One. The “One” collection, the smallest of the road, affords an answer for teenagers as much as age six who’re simply studying experience and function a bike. The “Two” collection, which additionally affords a Motocross, Trial, and Supermotard variations, is sized to accommodate riders between the ages of six and eleven. Future collection – the “Three” and “Four” – will present sizing to accommodate younger riders as much as the age of sixteen. More particulars can be introduced by the Company within the coming months. Volcon expects preliminary deliveries of the One and Two bikes to start in December 2022.

“Working closely with the Volcon team over the last few months, as they distributed our bikes in South America, gave us a chance to get to know each other. It became more and more apparent that Torrot and Volcon have many complimentary synergies,” stated John Dixon, Chief Executive Officer of Torrot. “Matching up their strong and growing dealer network in the United States with our wish to accelerate sales of our world leading electric kids off road bike range jumped out as an obvious and compelling synergy.”

About Volcon, Inc
Volcon Inc. is the primary all-electric powersports firm producing high-quality off-road autos. Based in Round Rock, Texas, Volcon joins many main electrical car corporations situated close to Austin, Texas, an space that’s poised to change into the electrical car capital of the world.

Volcon was based with the mission to boost the outside expertise whereas decreasing the business’s environmental footprint in order that adventurers and employees alike can benefit from the open air and protect it for generations to return. Volcon produces all-electric, off-road autos designed to raise the journey expertise and assist individuals get issues accomplished at work and on the house entrance.

Volcon’s first product, the progressive Grunt, combines a fats tire physique with high-torque electrical energy and a near-silent drive prepare which began delivery in September of 2021. Future two wheel fashions might embody the Runt, which is a youth-sized model of the groundbreaking Grunt, and an eBike, the Brat. The Stag and Project X are anticipated to be Volcon’s enterprise into the quickly increasing world of UTVs and are anticipated in future years as the corporate continues to increase.

About Torrot
Founded in Vitoria, Spain in 1948, Torrot was the results of a ardour for motorbikes. Through all of the years Torrot has stored the identical ardour and that’s the explanation why in 2011 the corporate turned 100% electrical: to adapt our ardour to a format like by no means earlier than. Specializing within the design and manufacturing of electrical grime bikes for teenagers and youngsters, we work constantly to additional develop our product, to be able to adapt to new wants of the subsequent generations of riders.

Volcon Contacts
For Media: [email protected]
For Dealers: [email protected]
For Investors: [email protected]
For Marketing: [email protected]        

For extra data on Volcon or to study extra about its full bike and side-by-side line-up, go to: www.volcon.com

Forward-Looking Statements

Some of the statements on this launch are forward-looking statements, which contain dangers and uncertainties. Although the Company believes that the expectations mirrored in such forward-looking statements are affordable as of the date made, expectations might show to have been materially totally different from the outcomes expressed or implied by such forward-looking statements. The Company has tried to determine forward-looking statements by terminology together with ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”tasks,” ”intends,” ”potential,” ”might,” ”might,” ”may,” ”will,” ”ought to,” ”roughly” or different phrases that convey uncertainty of future occasions or outcomes to determine these forward-looking statements. These statements are solely predictions and contain recognized and unknown dangers, uncertainties, and different components. Any forward-looking statements contained on this launch converse solely as of its date. The Company undertakes no obligation to replace any forward-looking statements contained on this launch to mirror occasions or circumstances occurring after its date or to mirror the prevalence of unanticipated occasions. More detailed details about the dangers and uncertainties affecting the Company is contained beneath the heading “Risk Factors” within the Company’s Annual Report on Form 10-Okay and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-Okay filed with the SEC, which can be found on the SEC’s web site, www.sec.gov.

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