TruGolf Links Franchisee Takes on Developing all of Long Island

U Power (Nasdaq: UCAR) signed an initial sales agreement with Treep Mobility to supply 50 two- and three-wheeled UNEX vehicles, 8 battery-swapping cabinets, and a corresponding number of compatible batteries for taxi operations in Peru.

Rhea-AI Summary

U Power (Nasdaq: UCAR) signed an initial sales agreement with Treep Mobility to supply 50 two- and three-wheeled UNEX vehicles, 8 battery-swapping cabinets, and a corresponding number of compatible batteries for taxi operations in Peru.

The initial order is valued at $113,000 and follows a successful pilot deployment in January 2025. Treep expects to cut energy replenishment costs by about 30–40% versus fuel vehicles. The parties agreed to gradually expand procurement and deployment across Peru, a market with over 100,000 registered moto taxis and a stated motorcycle market size of $324 million.

Positive

• Initial order includes 50 UNEX two/three-wheeled vehicles
• Includes 8 battery-swapping cabinets and compatible batteries
• Pilot demonstrated real-time battery monitoring and centralized swapping
• Projected 30–40% energy replenishment cost reduction for Treep

Negative

• Initial order value is modest at $113,000
• No quantified follow-on purchase commitments or timelines disclosed

Market Context

This announcement highlights expansion of an EV battery-swapping model, with an initial $113,000 ord...

Analysis

This announcement highlights expansion of an EV battery-swapping model, with an initial $113,000 order covering 50 vehicles and 8 cabinets, plus plans to deepen the partnership. Investors may compare this to TruGolf’s recent history of product launches, franchise activity, and major contracts to gauge execution consistency. Key factors to monitor include order follow-on volumes, margin impact, and any capital-raising steps under the $200,000,000 shelf registration.

Key Figures

Vehicle order size: 50 vehicles Battery-swapping cabinets: 8 cabinets Initial order value: $113,000 +5 more

Vehicle order size

50 vehicles

Two- and three-wheeled vehicles for Treep Mobility

Battery-swapping cabinets

8 cabinets

Battery-swapping cabinets to support the deployed fleet

Initial order value

$113,000

Value of first procurement agreement with Treep Mobility

Energy cost reduction

30–40%

Expected energy replenishment cost savings vs. fuel taxis

Registered moto taxis

100,000+ vehicles

Size of Peru’s moto taxi fleet cited in article

Motorcycle market size

$324 million

Total motorcycle market value in Peru

Market growth rate

~3% CAGR

Growth rate of Peruvian motorcycle market

Annual EV market growth

300,000+ vehicles

Annual increase in South American electric motorcycles

Historical Context

5 past events · Latest: Nov 20

5 events

1. Nov 20

   Broadcast tech deal

   24h Move

   -11.4%

   E6 Apex software powered Sky Sports’ coverage of The Open Championship.

2. Nov 17

   Q3 2025 earnings

   24h Move

   +10.2%

   Q3 results showed strong margins, improved equity, and reduced liabilities.

3. Nov 05

   Product launch

   24h Move

   +4.4%

   Announced TruGolf Range indoor platform with large-format projection and data.

4. Oct 08

   Major contract win

   24h Move

   -7.5%

   Named exclusive simulator supplier for a large new Golf Everywhere facility.

5. Aug 20

   Q2 2025 earnings

   24h Move

   -2.6%

   Reported revenue growth but wider losses and lower gross margin amid expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

battery-swapping, electric vehicle (EV), AI-empowered, CAGR

4 terms

battery-swapping technical

"UOTTA™ electric vehicle (EV) battery-swapping technology, today announced that it has..."

Battery-swapping is a system for electric vehicles where a depleted battery is quickly exchanged for a fully charged one at a station, instead of recharging the battery inside the car. For investors, it matters because it can change how fast vehicles return to service, who owns and maintains batteries, and whether companies earn ongoing fees from a network of swap stations — all of which affect revenue models, costs and competitive positioning.

electric vehicle (EV) technical

"UOTTA™ electric vehicle (EV) battery-swapping technology, today announced that it..."

An electric vehicle (EV) is a car, truck, or other road vehicle that uses one or more electric motors powered by rechargeable batteries instead of a gasoline or diesel engine. Investors care because EVs can shift revenue and cost patterns across automakers, parts suppliers, energy companies and infrastructure providers; adopting EVs is like a new smartphone platform that creates winners and losers across an industry and can drive long-term growth or disruption.

AI-empowered technical

"which showcased the effectiveness of U Power's AI-empowered quick and intelligent..."

Describes a product, service, process or team that uses artificial intelligence tools to do tasks faster, spot patterns, or make better decisions—like giving a business a smart assistant that can analyze lots of information and suggest actions. Investors care because AI enhancement can lower costs, boost growth or create a competitive edge, but it also changes risk and capital needs by requiring data, talent and possible regulatory oversight.

CAGR financial

"a $324 million total market of motorcycles in the country growing at a CAGR of ~3%"

Compound Annual Growth Rate (CAGR) measures the average yearly growth of an investment, revenue, or other metric over a multi-year period as if it had grown at a steady rate each year. Think of it like the constant speed that would take you from the starting value to the ending value over the same time—useful because it smooths out ups and downs and lets investors compare different assets or performance periods on an even footing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Successful Healthcare Entrepreneur Goes All in to Develop Long Island Iconic Golf Simulator Company's New Concept

CENTERVILLE, Utah, Dec. 9, 2025 /PRNewswire/ -- TruGolf Links Franchising, LLC ("TruGolf"), wholly owned by TruGolf Holdings, Inc. (Nasdaq: TRUG), the leading provider of golf simulator software and hardware, announced today its franchisee in New York becomes the Regional Developer for all of Long Island.  Giovanni "Gio" Dinsay, a local physical therapist with over 27 years of experience, has opened 20 high-performing "Within Normal Limits"  outpatient clinics on Long Island and in Queens, and turns his sights towards the burgeoning indoor golf business.  "I am excited to represent the best technology for indoor golf on the planet", said Dinsay, "TruGolf Links brings more courses, better graphics and unparalleled analytics to the local golfer, along with high quality food and beverage for everyone". 

Originally signing a single-unit franchise agreement, the more he realized a much bigger opportunity to take advantage of the unique Regional Developer franchise offer from TruGolf Links.  He can open, own and operate as many locations as he wants, but he can also recruit independent franchisees to own locations on Long Island.  He also will provide local support for all the locations in his territory, receiving compensation from TruGolf Links for recruiting and supporting franchisees.  Dinsay has the opportunity to develop 50 or more locations on Long Island.  At the Regional Developer for Long Island, he also has the distribution rights for the full line of TruGolf products including in-home simulator systems and the company's newest "Launchbox".

"We started TruGolf Links because of our passion for golf any time of the year," said Chris Jones, founder and CEO of TruGolf, Inc. "We need to ensure both owner-operators and investors are supported, and we've developed an innovative approach to achieve this by offering a variety of growth paths. We are thrilled to have Gio partner with us to dominate Long Island with our TruGolf Links retail concept, delivering our tech-forward vision to golfers across Long Island."

TruGolf Links is transforming the way golf is played, practiced, and enjoyed with state-of-the-art indoor golf simulators that blend realism, technology, and accessibility. With proprietary software, precision tracking systems, and immersive course simulations, TruGolf Links provides a best-in- class experience for everyone—from beginners to PGA professionals. In addition to recreation, TruGolf simulators are also being integrated into health, wellness, and performance training environments, helping individuals improve posture, coordination, strength, and range of motion through the game of golf.

"When Gio joined TruGolf Links he was a contributor immediately with a fresh view on the business", said Dr. Ben Litalien, CFE, Chief Development Officer at TruGolf Links. "As a healthcare provider he realized the connection between physical health and performance, making him a tremendous asset to our team.  Together we will change indoor golf for good".

TruGolf Links, known for delivering immersive, high-tech golf simulator experiences, is expanding nationwide through a network of experienced entrepreneurs like Dinsay. Regional Developer, Nick Reimondo in New Jersey is set to open his first TruGolf Links location in Cherry Hill, New Jersey early next year.  Dinsay has leases in the works for locations in Westbury, Dix Hills and Farmingdale on Long Island, opening at least three next year. 

The company is rapidly expanding across the U.S. through a regional developer model, partnering with high-level entrepreneurs and professionals who are aligned with its vision of bringing golf indoors to more communities, more often. The regional developer franchise allows them to build a network of franchise locations in their territory and participate in the revenues generated. The regional developer franchisees are also offered a reseller agreement to represent the full line of TruGolf products in their territory, a unique and unparalleled opportunity.

For more information about TruGolf Links, visit www.trugolflinks.com or contact Andrew Johnson, Vice President of Franchising at andrewj@trugolflinks.com. Connect on the brand's social pages by visiting https://www.linkedin.com/company/trugolflinks and/or https://www.facebook.com/trugolflinks/.

About TruGolf, Inc.

Since 1983, TruGolf has been passionate about driving the golf industry with innovative indoor golf solutions. TruGolf builds products that capture the spirit of golf. TruGolf's mission is to help grow the game by attempting to make it more Available, Approachable, and Affordable through technology - because TruGolf believes Golf is for Everyone. TruGolf's team has built award- winning video games ("Links"), innovative hardware solutions, and an all-new e-sports platform to connect golfers around the world with E6 CONNECT. Since TruGolf's beginning, TruGolf has continued to attempt to define and redefine what is possible with golf technology.

About TruGolf Links Franchising

While the company offers individual franchises, the focus of its expansion efforts is with Regional Developers who acquire a territory of 1M or more in population, open a flagship location within that territory, then develop the territory with additional units they own or with independent franchisees. Regional Developers are compensated for attracting franchisees and providing support locally to all TruGolf Links locations within their territory. For more information about TruGolf Links franchise program, visit: www.trugolflinks.com/franchising.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "will," "believe," "anticipate," "expect," "estimate," "intend," "plan," or their negatives or variations of these words, or similar expressions. All statements contained in this press release that do not strictly relate to matters of historical fact should be considered forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, the risk that we and our current and future collaborators are unable to successfully develop and commercialize our products or services, or experience significant delays in doing so; the risk that we may never achieve or sustain profitability; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we experience difficulties in managing our expected growth and expanding operations; the risk that third party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that we are unable to secure or protect our intellectual property; the possibility that we may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties discussed under the "Risk Factors" section of the Company's prospectus in the registration statement on Form S-1 filed with the Securities and Exchange Commission on February 14, 2024, and the Company's periodic filings with the SEC. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. Any forward-looking statement made in this press release is based only on information currently available and speaks only as of the date on which it is made. Except as required by applicable law, the Company expressly disclaims any obligations to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did U Power (UCAR) agree to supply Treep Mobility on December 9, 2025?

U Power agreed to supply 50 two/three-wheeled UNEX vehicles, 8 swapping cabinets, and compatible batteries under an initial order valued at $113,000.

How much does Treep Mobility expect to save by switching to UCAR battery-swapping vehicles?

Treep Mobility expects approximately 30–40% lower energy replenishment costs versus traditional fuel vehicles.

When was UCAR's battery-swapping pilot deployed in Peru that preceded the Treep deal?

The pilot deployment occurred in January 2025 and demonstrated the company's battery-swapping vehicle and cabinet operations.

How large is the Peruvian moto taxi market referenced in the UCAR announcement?

The announcement cites over 100,000 registered moto taxis and a motorcycle market of about $324 million with ~3% CAGR.

Does the UCAR-Treep agreement guarantee future large purchases or expansion timelines?

The parties agreed to gradually expand cooperation, but the announcement does not disclose any quantified follow-on purchase commitments or schedules.

What operational features did UCAR highlight in its battery-swapping solution for Treep Mobility?

UCAR highlighted AI-empowered quick swapping, real-time battery performance monitoring, and connection to a centralized cabinet network for energy management.