TruGolf Links Franchisee Takes on Developing all of Long Island

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

News Market Reaction

-3.31%

1 alert

-3.31% News Effect

-$323K Valuation Impact

$9M Market Cap

0.1x Rel. Volume

On the day this news was published, UCAR declined 3.31%, reflecting a moderate negative market reaction. This price movement removed approximately $323K from the company's valuation, bringing the market cap to $9M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

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

8 metrics

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

Market Reality Check

Price: $1.49 Vol: Volume 155,088 is below t...

low vol

$1.49 Last Close

Volume Volume 155,088 is below the 20-day average of 682,530, suggesting limited pre-news activity. low

Technical Shares at $1.21 were trading below the 200-day MA of $8.33, indicating a longer-term downtrend.

Peers on Argus

TRUG was up 3.42% while peers showed mixed moves: GXAI -2.48%, BHAT +2.81%, MSGM...

TRUG was up 3.42% while peers showed mixed moves: GXAI -2.48%, BHAT +2.81%, MSGM +1.56%, TBH -7.53%, GIGM +3.33%, pointing to stock-specific rather than sector-wide drivers.

Historical Context

5 past events · Latest: Nov 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 20	Broadcast tech deal	Positive	-11.4%	E6 Apex software powered Sky Sports’ coverage of The Open Championship.
Nov 17	Q3 2025 earnings	Positive	+10.2%	Q3 results showed strong margins, improved equity, and reduced liabilities.
Nov 05	Product launch	Positive	+4.4%	Announced TruGolf Range indoor platform with large-format projection and data.
Oct 08	Major contract win	Positive	-7.5%	Named exclusive simulator supplier for a large new Golf Everywhere facility.
Aug 20	Q2 2025 earnings	Neutral	-2.6%	Reported revenue growth but wider losses and lower gross margin amid expansion.

Pattern Detected

Recent news and contract wins have produced a mix of aligned and divergent price reactions, with positive operational updates sometimes sold off despite constructive fundamentals.

Recent Company History

Over the past six months, TruGolf has reported franchise expansion, product innovation, and balance-sheet restructuring. Notable items include Q2 and Q3 2025 results with revenue around $4–4.3M per quarter and improved equity, a $4.5M Golf Everywhere contract, and launch of TruGolf Range tied to the 2026 PGA Show. Media exposure via Sky Sports’ Open Championship coverage highlighted its E6 Apex engine. Today’s franchise development news adds another growth vector alongside simulators, software, and indoor range platforms.

Regulatory & Risk Context

Active S-3 Shelf · $200,000,000

Shelf Active

Active S-3 Shelf Registration 2025-11-17

$200,000,000 registered capacity

An effective universal shelf on Form S-3 filed on 2025-11-17 allows TruGolf to issue up to $200,000,000 of various securities over time, subject to smaller‑issuer limits tied to its public float. This provides flexibility to raise capital via equity, debt, or hybrid instruments through future prospectus supplements, which can be dilutive or leverage‑increasing depending on structure.

Market Pulse Summary

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 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. Not financial advice.

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

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.