Volcon ePowersports expands Re – GuruFocus.com

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Round Rock, Texas, U.S., May 24, 2022 (GLOBE NEWSWIRE) — Round Rock, TX | May 24, 2022: Earlier this month, Volcon Inc. (VLCN), (“Volcon” or the “Company”), signed an exclusive distribution agreement with Torrot Electric Europa SA, (“Torrot”), to distribute the product line electric dirt bikes from Torrot. throughout Latin America, South America and the Caribbean region (“LATAM”). This agreement should provide Volcon with an immediate opportunity to improve revenue and profitability by selling quality “off the shelf” products through Volcon’s existing and expanding LATAM dealer and distributor network.

“Working with Torrot has been a great experience so far. We quickly identified several opportunities, the most obvious being the ability to distribute Torrot’s product lines in our existing markets of Latin America, South America and the Caribbean,” explained Jordan Davis, CEO of Volcon ePowersports. “This agreement will create opportunities to quickly realize additional revenue with little to no additional overhead, as we are able to utilize our existing resources and sales teams and expert logistics that are already in place at Volcon.

Torrot manufactures electric motorcycles aimed exclusively at young riders between the ages of 3 and 11. The products are manufactured in their factory located in Salt, Spain, where they also manufacture the Rieju brand motorcycles, known as high-end and quality motocross motorcycles. The Torrot range consists of six options for young riders, including motocross, trials and supermoto versions.

“We are happy to have the opportunity to work with Volcon ePowersports. Our companies are well aligned with many obvious synergies and we share a similar customer base, which made the onboarding process for our teams quick and smooth. We are confident that Volcon will help us expand our brand and commercial presence in these new markets and effectively reach new customers,” explained John Dixon, CEO of Torrot Electric Europa SA.

Cristian Liani, Volcon ePowersports, Latin America Sales Manager, notes, “Our existing network in Latin America, South America and the Caribbean is the perfect setup to distribute Torrot products. We currently have a solid foundation in place to seamlessly and quickly introduce the Torrot line to the LATAM market through our strong list of distributors in the region who currently distribute our Volcon products. The Volcon team is thrilled and ready to seize this new opportunity.”

Logistics are already underway as Volcon integrates Torrot products into its LATAM distribution process. Volcon and Torrot have also begun to consider working together to execute and improve marketing efforts in new markets, as they help dealers and distributors reach new consumers in these markets, which opens up vast new sales opportunities. for both companies.

About Torrot Electric Europe SA

Founded in Vitoria by Don Luis Iriondo in 1948, Torrot began making rugged touring and road bikes. In the 1950s, Don Luis entered into a license manufacturing agreement to manufacture the famous French brand Dijon-Terrot’s mopeds and motorcycles, creating Terrot SAE.

By the 1970s Torrot was not only making good popular motorcycles like the Mustang and TT, powered by Sachs engines, the result of a new alliance, but it also started making such popular bikes as the Cross MX in ” summer blue” (the forerunner of today’s mountain bikes).

As of 2017, Torrot focused 100% of its model lineup on electric. The current models are all proven 3rd and 4th generation products.

About Volcon, Inc.

Volcon Inc. is the first all-electric powersports company to produce high-quality off-road vehicles. Based in Round Rock, Texas, Volcon joins many major electric vehicle manufacturers near Austin, Texas, an area that is fast becoming the electric vehicle capital of the world.

Volcon was founded with a mission to enhance the outdoor experience while reducing the industry’s environmental footprint so that adventurers and workers can enjoy the outdoors and preserve it for generations to come. Volcon produces all-electric all-terrain vehicles designed to elevate the adventure experience and help people get things done at work and at home.

Volcon Contacts

For the media: [email protected]

For dealers: [email protected]

For investors: [email protected]

For marketing: [email protected]

For more information about Volcon or to learn more about its full line of motorcycles and side-by-sides, visit: www.volcon.com

Forward-looking statements

Some of the statements contained in this press release are forward-looking statements, which involve risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date they are made, the expectations may turn out to be materially different from the results expressed or implied by these forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including “believes”, “estimates”, “anticipates”, “”intends” ”potential” ”may” ”could” ”could” ”will” ”should” ”approximately” or other words that convey uncertainty of future events or results to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors. All forward-looking statements contained in this press 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 the date thereof or to reflect the occurrence of unforeseen events. More detailed information about the risks and uncertainties affecting the Company can be found under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the SEC, which are available on the SEC’s website, www.sec.gov.

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