AUSTIN, TX – April 12, 2023 – (Motor Sports NewsWire) – Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today it has entered into a multi-year distribution agreement (the “Importer Agreement”) with Brazilian importer, Comfort Industria E Comercio LTDA (“Ventura Experience”, or “Ventura”) with a minimum purchase requirement of $12.0 million (up to 17.2 million if full sales forecast for Brazil is met) over a three year period beginning in 2023. The Importer Agreement was effective March 31, 2023, and includes up to five additional countries with up to $3.4 million of additional minimum purchase requirements (up to $4.8 million if sales forecast is reached). Sales in these additional countries is contingent upon approval from a component supplier to the Stag to sell into these countries.
The Importer Agreement will renew in 2026 if Ventura meets its sales performance targets outlined in the agreement and will renew thereafter for consecutive two-year periods. For each consecutive renewal period, and unless otherwise agreed, the minimum purchase requirements under the Importer Agreement will increase by 5% over the then existing minimum purchase requirements. With the Ventura relationship, Volcon seeks to expand its dealership network into several other countries in the South and Latin American regions via Ventura’s established distribution network.
“We are thrilled to announce our new distribution agreement with Ventura, which will bring Volcon Electric Vehicles to five new countries in South America. Ventura is an impressive company with a proven track record in the industry, and we look forward to working together to bring sustainable and innovative products to customers throughout the region,” said Melissa Coffey, Vice President of Global Sales and Business Development at Volcon.
“After a chance to visit each other’s cities, teams and facilities, the opportunities to collaborate became clear to us. We knew we wanted to work with them and started putting steps in place to bring this relationship to fruition,” said Cristian Liani, International Sales Manager at Volcon. Liani continued, “this agreement is a testament to the hard work and dedication of both teams, and we’re excited to see what we can accomplish together.”
“We are incredibly excited to partner with Volcon and bring their innovative, sustainable electric vehicles to our…
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