Volcon Inc. changed its corporate name to Empery Digital Inc. and shifted its public-company focus to a Bitcoin treasury strategy, with its common stock trading on Nasdaq under EMPD after the change. News around the former VLCN symbol now centers on BTC acquisitions, custody and portfolio metrics, net asset value references, share repurchase activity, borrowing facilities, and equity financing capacity.
Company updates also reference the remaining mobility business and operational results, including disclosures tied to tariffs, quarterly financial reporting, and the transition from an all-electric off-road powersports issuer to a digital-asset treasury model.
Volcon Inc. (NASDAQ:VLCN) has announced a dealership agreement with Nash Powersports to introduce its electric powersports vehicles on the West Coast. The company aims to close 25 dealer agreements by the end of 2021 and has already onboarded 32 dealers. Additionally, Volcon received a design patent for its unique Exo-Arch Grunt frame in both the US and China. The Grunt, which began shipping in September 2021, marks Volcon's entry into the market, complemented by planned future models including the Runt, Stag, and Beast.
Volcon Inc. (NASDAQ: VLCN), an all-electric, off-road powersports company, has received over 250 dealership applications and signed six new dealers, bringing the total to 25 within three weeks of launching its dealership program. Key hires, Julio Vitti and Russ Whisler, join the product management team to drive the company's product development and roadmap. Vitti brings over 28 years of automotive experience, while Whisler specializes in powersports and e-mobility. This growth reflects Volcon's strong market interest and potential expansion into the powersports sector.
Volcon Inc. (NASDAQ: VLCN) has expanded its operations from one facility to three in Austin, Texas, gearing up for a significant year in 2022. The company is set to enter the UTV market with ambitious plans, including direct-to-consumer shipments of its Grunt motorcycle anticipated by Q1 2022. Currently employing over 50 individuals, Volcon is developing a manufacturing site in Liberty Hill, Texas, to meet growing demand for its electric vehicles. The existing campus comprises production, marketing, and warehousing facilities to support its evolving business model.
Volcon Inc. (NASDAQ: VLCN) has expanded its dealership network by signing eight new powersports dealerships, totaling 18 in less than two weeks since launch. The company also announced the addition of two industry veterans, Dave Auringer as National Sales Director and Kenneth Cook as Southeast Regional Sales Manager. Auringer will oversee U.S. markets, leveraging his extensive experience, while Cook will focus on vital Southeastern territories. Both executives are expected to enhance Volcon's growth potential as it aims to establish a strong dealer presence for its all-electric off-road vehicles.
Volcon Inc. (NASDAQ: VLCN) has launched a nationwide dealership program, signing agreements with 10 influential powersports dealers to distribute its electric off-road vehicles across the US. This initiative aims to capitalize on a projected $11.95 billion ATV and UTV market by 2027. CEO Jordan Davis emphasizes the company’s goal to become a leading EV off-road brand. The company has seen significant growth, expanding its team from 7 to over 50 employees and planning to launch new models by the end of 2022. The positive trend in powersports growth reinforces Volcon's market entry.
Volcon Inc. (NASDAQ: VLCN) reported its Q3 financial results for 2021, highlighting significant steps in growth and product delivery. The company shipped its first Grunt vehicles starting September 15, 2021, and completed an IPO on October 8, 2021, raising over $15 million. Revenue for the quarter was $75K, but net losses reached $5.9 million, and adjusted EBITDA also showed losses of $4.9 million. Despite challenges, Volcon is expanding its dealer network and product lineup, aiming for broader market penetration, particularly in electric off-road vehicles.
Volcon Inc. (NASDAQ: VLCN) partners with prominent archer John Dudley to enhance its electric powersports products for hunting and outdoor adventures. This collaboration aims to optimize key features based on Dudley's extensive experience, particularly focusing on accessibility and quiet operation. The Grunt, Volcon's first off-road motorcycle, emphasizes environmental sustainability and efficient performance, now available for order. The partnership is set to drive innovation in product development while promoting the company's commitment to eco-friendly adventure solutions.
Volcon Inc. (NASDAQ: VLCN) has announced the launch of its nationwide dealership network aimed at bringing its all-electric, off-road vehicles to market across the U.S. Following significant interest, with over 200 dealer inquiries domestically and 50 internationally since 2020, Volcon plans to partner with major powersports dealers to accelerate product rollout within the next 12 months. They have initiated a collaboration with the Powersports Business Journal at their Accelerate conference in Atlanta, marking a pivotal step in expanding their reach.
Volcon Inc. (NASDAQ: VLCN) is expanding its international presence, announcing distribution agreements in Guatemala, Belize, and Panama. This follows recent expansions into Mexico, Costa Rica, and Paraguay, totaling six Latin American countries. CEO Jordan Davis reported significant enthusiasm for Volcon's products and emphasized the importance of building a dealer network. Volcon's first product, the Grunt, has garnered over 32 million media impressions worldwide, underscoring its growing market visibility and the company's ambition to become a leader in off-road electric vehicles.
Volcon Inc. (NASDAQ: VLCN) has announced the Phase I launch of its mobile app for iOS and Android, enhancing the riding experience of its Grunt motorcycle. The app functions as a customizable digital dashboard, featuring speed, battery status, and navigation. Future updates will include parental controls, navigation features, and community engagement tools. The app is free, promoting seamless connectivity with Volcon's proprietary Vehicle Control Unit. The Grunt is currently shipping globally, while new models are set to launch in 2022 and beyond.