Volcon Inc. (NASDAQ: VLCN) (“Volcon''), the first all-electric,
off-road powersports company, and ElectraMeccanica Vehicles Corp.
(NASDAQ: SOLO) (“ElectraMeccanica”), a designer and manufacturer of
electric vehicles revolutionizing the urban driving experience,
today jointly announced that Volcon’s manufacturing partner, GLV,
has chosen ElectraMeccanica’s state-of-the-art, recently
commissioned, 235,000-square-foot HQ facility in Mesa, AZ for final
assembly of Volcon’s next generation Grunt EVO and Runt fat-tired
electric motorcycles.
“Our move is a significant milestone for us as we strive to
bring manufacturing back to the United States, speed up the launch
of our vehicles, and attempt to establish first-mover advantage in
the electrification of the off-road powersports industry," said
Jordan Davis, CEO of Volcon ePowersports. “Additionally, we’re
continuing to speed up our development and go-to-market process by
adding this arrangement to our many key component suppliers such as
BF Goodrich, Gates and several other key component providers.”
Susan E. Docherty, ElectraMeccanica CEO, stated: “Volcon’s an
absolutely terrific fit for our Mesa facility, which has one of the
best lean-assembly teams in the business. When we commissioned our
Mesa HQ in December 2022, we said one of our primary goals was not
only to assemble our own unique designs there, but also to help
fellow native-EV manufacturers achieve their own go-to-market goals
by leveraging our expertise and resources. I’m very proud to be
able to contribute to Volcon’s success, and to use our plant to
help grow the EV market overall.”
About Volcon, 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. 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.
About ElectraMeccanica, Inc.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a designer and
manufacturer of environmentally efficient electric vehicles (EVs)
that will revolutionize the urban driving experience, including
commuting, delivery and shared mobility. The Company recently
commissioned its state-of-the-art, 235,000-square-foot
manufacturing facility in Mesa, Arizona to produce up to 60K
vehicles annually via three separate product lines for both
ElectraMeccanica vehicles and other exciting electric vehicles via
contract manufacturing.
Volcon Products Volcon Brat: https://www.volcon.com/brat
Volcon Grunt: https://www.volcon.com/grunt-explore Volcon Runt:
https://www.volcon.com/runt-explore Volcon Kids Moto One:
https://www.volcon.com/youth/kids-one Volcon Kids Moto Two:
https://www.volcon.com/youth/kids-two Volcon Stag (Powered by GM):
https://www.volcon.com/stag
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 Statement: Volcon
Some of the statements in this release are forward-looking
statements, which involve risks and uncertainties. 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.
Safe Harbor Statement: ElectraMeccanica
Except for the statements of historical fact contained herein,
the information presented in this news release and oral statements
made from time to time by representatives of the Company are or may
constitute “forward-looking statements” as such term is used in
applicable United States and Canadian laws and including, without
limitation, within the meaning of the Private Securities Litigation
Reform Act of 1995, for which the Company claims the protection of
the safe harbor for forward-looking statements. These statements
relate to analyses and other information that are based on
forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any other statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as “expects” or “does not expect,” “is expected,”
“anticipates” or “does not anticipate,” “plans,” “estimates” or
“intends,” or stating that certain actions, events or results
“may,” “could,” “would,” “might” or “will” be taken, occur or be
achieved) are not statements of historical fact and should be
viewed as forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors
include, among others, the availability of capital to fund programs
and the resulting dilution caused by the raising of capital through
the sale of shares, accidents, labor disputes and other risks of
the automotive industry including, without limitation, those
associated with the environment, delays in obtaining governmental
approvals, permits or financing or in the completion of development
or construction activities or claims limitations on insurance
coverage. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news
release and in any document referred to in this news release. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230314005502/en/
Volcon Contacts For Media: media@volcon.com For Dealers:
dealers@volcon.com For Investors: investors@volcon.com For
Marketing: marketing@volcon.com
ElectraMeccanica Contact ir@emvauto.com
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