Volcon ePowersports Receives Purchase Order from Advanced EV for 1,000 Golf Carts and Resumes Share Repurchase Program
Volcon ePowersports (NASDAQ: VLCN) has secured a significant purchase order from Advanced EV for 1,000 golf carts. This initial order will be used for market testing of a new golf cart model developed in collaboration with Super Sonic, following their distribution agreement from February 2025. The deal marks Volcon's second multi-million dollar agreement in five weeks.
The company sees this order as a stepping stone for potential broader collaboration with Advanced EV, leveraging Volcon's distribution capabilities and manufacturing expertise to serve Advanced EV's dealer network. Additionally, Volcon has announced the resumption of its share repurchase program.
Volcon ePowersports (NASDAQ: VLCN) ha ottenuto un importante ordine di acquisto da Advanced EV per 1.000 golf cart. Questo ordine iniziale sarà utilizzato per testare sul mercato un nuovo modello di golf cart sviluppato in collaborazione con Super Sonic, a seguito dell'accordo di distribuzione siglato a febbraio 2025. L'accordo rappresenta il secondo contratto multimilionario di Volcon in cinque settimane.
L'azienda considera questo ordine un trampolino di lancio per una possibile collaborazione più ampia con Advanced EV, sfruttando le capacità di distribuzione e l'esperienza produttiva di Volcon per servire la rete di concessionari di Advanced EV. Inoltre, Volcon ha annunciato la ripresa del suo programma di riacquisto di azioni.
Volcon ePowersports (NASDAQ: VLCN) ha asegurado un pedido importante de Advanced EV por 1,000 carritos de golf. Este pedido inicial se utilizará para probar en el mercado un nuevo modelo de carrito de golf desarrollado en colaboración con Super Sonic, tras su acuerdo de distribución de febrero de 2025. El acuerdo marca el segundo contrato multimillonario de Volcon en cinco semanas.
La compañía ve este pedido como un paso hacia una posible colaboración más amplia con Advanced EV, aprovechando las capacidades de distribución y la experiencia en fabricación de Volcon para atender a la red de concesionarios de Advanced EV. Además, Volcon ha anunciado la reanudación de su programa de recompra de acciones.
Volcon ePowersports (NASDAQ: VLCN)가 Advanced EV로부터 1,000대의 골프 카트에 대한 대규모 구매 주문을 확보했습니다. 이 초기 주문은 2025년 2월 배포 계약에 따라 Super Sonic과 협력하여 개발한 새로운 골프 카트 모델의 시장 테스트에 사용될 예정입니다. 이번 계약은 Volcon이 5주 만에 체결한 두 번째 수백만 달러 규모의 계약입니다.
회사는 이 주문을 Advanced EV와의 잠재적인 광범위한 협력을 위한 발판으로 보고 있으며, Volcon의 유통 능력과 제조 전문성을 활용해 Advanced EV의 딜러 네트워크에 서비스를 제공할 계획입니다. 또한 Volcon은 자사 주식 재매입 프로그램의 재개를 발표했습니다.
Volcon ePowersports (NASDAQ : VLCN) a obtenu une commande importante de la part d'Advanced EV pour 1 000 voiturettes de golf. Cette commande initiale servira à tester sur le marché un nouveau modèle de voiturette de golf développé en collaboration avec Super Sonic, suite à leur accord de distribution de février 2025. Cet accord marque le deuxième contrat de plusieurs millions de dollars conclu par Volcon en cinq semaines.
L'entreprise considère cette commande comme une étape vers une collaboration plus large avec Advanced EV, en tirant parti des capacités de distribution et de l'expertise de fabrication de Volcon pour desservir le réseau de concessionnaires d'Advanced EV. De plus, Volcon a annoncé la reprise de son programme de rachat d'actions.
Volcon ePowersports (NASDAQ: VLCN) hat einen bedeutenden Großauftrag von Advanced EV über 1.000 Golfwagen erhalten. Dieser Erstauftrag dient dem Markttest eines neuen Golfwagenmodells, das in Zusammenarbeit mit Super Sonic entwickelt wurde, nach deren Vertriebsvereinbarung vom Februar 2025. Der Deal ist Volcons zweiter Multi-Millionen-Dollar-Vertrag innerhalb von fünf Wochen.
Das Unternehmen sieht diesen Auftrag als Sprungbrett für eine potenziell breitere Zusammenarbeit mit Advanced EV, wobei Volcons Vertriebsfähigkeiten und Fertigungsexpertise genutzt werden, um das Händlernetzwerk von Advanced EV zu bedienen. Zusätzlich hat Volcon die Wiederaufnahme seines Aktienrückkaufprogramms bekannt gegeben.
- Secured large purchase order for 1,000 golf carts from Advanced EV
- Second multi-million dollar deal in five weeks, showing strong business momentum
- Strategic partnership potential with Advanced EV for future collaboration
- Resumed share repurchase program, potentially supporting stock price
- Initial order is only for market testing purposes, not guaranteed long-term commitment
AUSTIN, Texas, May 27, 2025 (GLOBE NEWSWIRE) -- Volcon ePowersports (NASDAQ: VLCN) (“Volcon” or the “Company”) the first all-electric, off-road powersports company, received its first purchase order from Advanced EV for 1,000 golf carts.
This initial order will be used by Volcon to conduct market testing of a new golf cart model developed in conjunction with Super Sonic under the distribution agreement with Volcon previously announced in February 2025. The order represents a first step in exploring a broader relationship between the two companies.
“We’re excited to supply Advanced EV with this test order and see it as a strong foundation for future collaboration,” said John Kim, CEO, Volcon. “As an OEM manufacturing partner, we look forward to the opportunity to help bring innovative and high-quality products to Advanced EV’s dealer network and customer base.”
Birju Patel, CEO of Advanced EV, added, “We’re pleased to be working with Volcon on this initial test order. Their distribution capabilities and ability to move quickly make them a valuable partner as we explore new product offerings to serve our growing customer base.”
“This is the second multi-million dollar deal in the last five weeks,” said Josh Rasmussen, CSO of Volcon. “We’re excited to see the growth trajectory for Volcon and believe this momentum signals a strong future ahead.”
The Company also adds that it has resumed its share repurchase program.
About Volcon
Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.
Volcon's vehicle roadmap includes both motorcycles and UTVs. Its first product, the innovative Grunt, began shipping to customers in late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Volcon Grunt EVO, an evolution of the original Grunt with a belt drive, an improved suspension, and seat, began shipping to customers in October 2023. The Brat is Volcon's first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. In 2024, Volcon entered the rapidly expanding LUV and UTV market and shipped its first production MN1 unit in October 2024. The new MN1 and HF1 products empower the driver to explore the outdoors in a new and unique way that gas-powered units cannot. They offer the same thrilling performance of a standard LUV / UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.
Volcon Contacts
For Media: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com
For more information on Volcon or to learn more about its complete eBike, motorcycle and side-by-side line-up, visit: www.volcon.com
Forward-Looking Statements
Some of the statements in this release referenced in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, whether the full purchase order will be fulfilled and when the units will be delivered and when share repurchases will be completed. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “projects,” “intends,” “potential,” “may,” “could,” “might,” “will,” “should,” “approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov.
SOURCE: Volcon, Inc.
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