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Volcon Announces 2023 Vehicle Roadmap as Stag Pre-Production Orders Reach $116M+

Volcon Implements Comprehensive Program To Improve Profitability/Cash Flow

AUSTIN, TX – January 17, 2023 – (Motor Sports NewsWire) – Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced a series of milestones today highlighting the Company’s progress over the last year, along with key insights into 2023 product developments.

The Stag, the Company’s flagship all-wheel drive, fully electric UTV, recently eclipsed $116,000,000 in pre-production orders with over 90% of these orders coming from its network of 151 dealers across the US, and its six distributors in South and Central America and the Caribbean region. The Stag will be the first fully electric UTV in its class and the first and currently only UTV to be powered by General Motors’ Ultium electric propulsion system technologies, putting the company into a position of high visibility and reliability within the off-road powersports, outdoor and agricultural communities. Deliveries of the highly anticipated Stag to dealers across the US are expected to begin as early as June 2023. Pre-production orders for dealers and distributors did not require any up front payment and are non-binding, and only if ultimately finalized would such reservations result in realized revenue for the company following delivery. Consumer pre-production orders require a $100 reservation fee but are also non-binding.

230117 Volcon Stag 2023 Prototype

Watch the Stag in action here:

Additional new product developments coming in 2023 include the new Grunt EVO. The Grunt EVO will offer a lighter and quieter evolution of the Company’s first generation, fat-tired trail bike. The EVO will come standard with a newly developed Gates belt drive that creates a near silent experience for the rider, making it ideal for hunting trips or for use around livestock, as it allows the rider to move quietly through the woods without disturbing the wildlife. The new Gates belt drive requires less maintenance than traditional chain drives, making them a reliable choice for off-road use. Additional improvements to the Grunt EVO include a newly designed progressive rear suspension with an upgraded coilover shock, new ergonomic seat profile with changes to seat material to improve rider comfort, and overall weight reduction of 15%, making the Grunt EVO an even more formidable off-road motorcycle. The Company aims to widen their customer base with this new edition, targeting outdoor enthusiasts in addition to traditional powersports fans,…

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