How This New Assembly Agreement Could Impact the Offroad Industry

Volcon ElectraMeccanica Assembly Agreement

Volcon ElectraMeccanica Assembly Agreement

Volcon Inc. (NASDAQ: VLCN) and ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) have announced a New Assembly Agreement that will see Volcon’s Grunt EVO and Runt fat-tired electric motorcycles assembled at ElectraMeccanica’s advanced facility in Mesa, Arizona. The 235,000-square-foot facility was recently commissioned and is equipped with the latest technology to produce exceptional electric vehicles. This partnership will combine Volcon’s cutting-edge designs with ElectraMeccanica’s state-of-the-art manufacturing capabilities resulting in a product that exceeds industry standards for quality and performance.

“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 delivering the Volcon youth line of dirt bikes for younger riders between the ages of 4 and 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 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 Youth Line: https://www.volcon.com/youth
Volcon Stag: 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


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