Massimo Launches Electric MVR Series Golf and Utility Carts: Meeting the Growing Demand for Low-Speed Electric Vehicles
Massimo Group (NASDAQ: MAMO) has launched its new MVR Series electric carts, featuring the MVR 2X Golf Cart and MVR Cargo Max Utility Cart. The MVR 2X Golf Cart features a 48V 5kW motor, 12-inch ground clearance, and up to 45 miles per charge capacity, while the MVR Cargo Max Utility Cart offers a 13+ cubic foot hydraulic dumping cargo bed and 1100-pound load capacity. Both vehicles are equipped with LEOCH Sealed AGM Batteries and marine-grade vinyl seats. With a network of over 2,800 partners nationwide, Massimo aims to capture a significant share of the growing low-speed electric vehicle market.
Massimo Group (NASDAQ: MAMO) ha lanciato i suoi nuovi carrelli elettrici della serie MVR, tra cui il MVR 2X Golf Cart e il MVR Cargo Max Utility Cart. Il MVR 2X Golf Cart è dotato di un motore da 48V e 5kW, un'altezza da terra di 12 pollici e una capacità fino a 45 miglia per carica, mentre il MVR Cargo Max Utility Cart offre un letto di carico idraulico da oltre 13 piedi cubi e una capacità di carico di 1100 libbre. Entrambi i veicoli sono equipaggiati con batterie AGM sigillate LEOCH e sedili in vinile di grado marino. Con una rete di oltre 2.800 partner a livello nazionale, Massimo punta a conquistare una quota significativa del crescente mercato dei veicoli elettrici a bassa velocità.
Massimo Group (NASDAQ: MAMO) ha lanzado sus nuevos carritos eléctricos de la serie MVR, que incluyen el MVR 2X Golf Cart y el MVR Cargo Max Utility Cart. El MVR 2X Golf Cart cuenta con un motor de 48V y 5kW, 12 pulgadas de despeje del suelo y una capacidad de hasta 45 millas por carga, mientras que el MVR Cargo Max Utility Cart ofrece una caja de carga hidráulica de más de 13 pies cúbicos y una capacidad de carga de 1100 libras. Ambos vehículos están equipados con baterías AGM selladas LEOCH y asientos de vinilo de grado marino. Con una red de más de 2.800 socios a nivel nacional, Massimo busca capturar una cuota significativa del creciente mercado de vehículos eléctricos de baja velocidad.
Massimo Group (NASDAQ: MAMO)는 MVR 2X 골프 카트와 MVR Cargo Max 유틸리티 카트를 포함한 새로운 MVR 시리즈 전기 카트를 출시했습니다. MVR 2X 골프 카트는 48V 5kW 모터, 12인치 지상 간격, 한 번 충전으로 최대 45마일 주행할 수 있는 능력을 갖추고 있으며, MVR Cargo Max 유틸리티 카트는 13입방피트 이상의 유압 적재 공간과 1100파운드의 적재 능력을 제공합니다. 두 차량 모두 LEOCH 밀폐 AGM 배터리 및 해양 등급 비닐 시트를 갖추고 있습니다. Massimo는 2,800개 이상의 파트너 네트워크를 통해 성장하는 저속 전기차 시장에서 상당한 점유율을 확보하는 것을 목표로 하고 있습니다.
Massimo Group (NASDAQ: MAMO) a lancé ses nouveaux chariots électriques de la série MVR, comprenant le MVR 2X Golf Cart et le MVR Cargo Max Utility Cart. Le MVR 2X Golf Cart est équipé d'un moteur de 48V et 5kW, d'un dégagement au sol de 12 pouces et d'une autonomie allant jusqu'à 45 miles par charge, tandis que le MVR Cargo Max Utility Cart offre un plateau de chargement hydraulique de plus de 13 pieds cubes et une capacité de charge de 1100 livres. Les deux véhicules sont dotés de batteries AGM scellées LEOCH et de sièges en vinyle de qualité marine. Avec un réseau de plus de 2 800 partenaires à l'échelle nationale, Massimo vise à capter une part significative du marché croissant des véhicules électriques à basse vitesse.
Massimo Group (NASDAQ: MAMO) hat seine neuen MVR-Serie Elektrofahrzeuge vorgestellt, darunter den MVR 2X Golf Cart und den MVR Cargo Max Utility Cart. Der MVR 2X Golf Cart verfügt über einen 48V 5kW Motor, eine Bodenfreiheit von 12 Zoll und eine Reichweite von bis zu 45 Meilen pro Ladung, während der MVR Cargo Max Utility Cart eine hydraulische Ladefläche mit mehr als 13 Kubikfuß und eine Tragfähigkeit von 1100 Pfund bietet. Beide Fahrzeuge sind mit LEOCH versiegelten AGM-Batterien und marinen Vinylsitzen ausgestattet. Mit einem Netzwerk von über 2.800 Partnern im ganzen Land strebt Massimo an, einen signifikanten Anteil am wachsenden Markt für Elektrofahrzeuge mit niedriger Geschwindigkeit zu gewinnen.
- Extensive distribution network of 2,800+ partners nationwide
- Product diversification into growing electric vehicle market
- Strong technical specifications with 45-mile range per charge
- High load capacity (800-1100 pounds) targeting both recreational and commercial markets
- None.
Insights
The launch of Massimo's MVR Series electric carts represents a strategic market expansion into the growing LSV segment. With 2,800+ dealer partners nationwide, the distribution network provides significant competitive advantage for market penetration. The dual-product strategy targeting both recreational and commercial segments is particularly noteworthy.
The timing aligns with increasing demand for electric vehicles in the golf and utility sectors. The 45-mile range and 800-1100 pound load capacity position these products competitively against established players. The focus on premium features like marine-grade vinyl seats and LED packages indicates higher margin potential. However, success will heavily depend on pricing strategy and dealer adoption rates, which weren't disclosed.
The technical specifications of the MVR Series demonstrate thoughtful engineering choices. The 48V 5kW motor platform provides sufficient power while maintaining efficiency, important for the claimed 45-mile range. The selection of LEOCH Sealed AGM batteries over lithium-ion is interesting - while potentially keeping costs lower, it may impact long-term performance and replacement costs.
The 12-13 inch ground clearance and oversized tire specifications suggest robust off-road capability, differentiating these vehicles from basic golf carts. The hydraulic dumping system on the Cargo Max adds genuine utility value. However, the absence of smart connectivity features common in newer EVs could be a limitation.
Industry-Leading Features Tailored to Meet the Increasing Demand for Eco-Friendly, Versatile Solutions for Recreation and Work
With an extensive network of over 2,800 partners nationwide, Massimo believes it is well-positioned to capture a significant share of this rapidly growing market. Both the MVR 2X and MVR Cargo Max deliver advanced features, cutting-edge performance, and unmatched versatility, aligning with consumer demand for eco-friendly, multifunctional vehicles.
MVR 2X Golf Cart: High-Tech and Versatile for Recreation
The Massimo Electric MVR 2X Golf Cart is designed for families, golfers, and anyone in need of a premium, electric-powered transportation solution.
Key Features of the MVR 2X Include:
- Powerful 48V 5kW Motor: Provides smooth, quiet performance for any terrain.
- 12 Inches of Ground Clearance: Offers enhanced off-road capability.
- Oversized 23-Inch All-Terrain Tires: Navigates varying surfaces with ease.
- Convertible Rear-Facing Seat: Maximizes passenger and cargo flexibility.
- Custom-Stitched Marine-Grade Vinyl Seats: Durable and comfortable for extended use.
- LEOCH Sealed AGM Batteries: Offers extended range and minimal maintenance, with up to 45 miles per charge.
- 800-Pound Load Capacity: Combines passenger and cargo functionality.
- Full LED Light Package and Rearview Camera: Enhances visibility and safety.
The MVR 2X is a versatile option for golf courses, family neighborhoods, and properties where low-speed vehicles are permitted.
MVR Cargo Max Utility Cart: Built for Tough Jobs
The Massimo Electric MVR Cargo Max is the ultimate utility solution, tailored for groundskeepers, farms, and other commercial applications requiring heavy-duty performance.
Key Features of the MVR Cargo Max Include:
- Powerful 48V 5kW Motor: Delivers robust power for demanding tasks.
- 13+ Cubic Foot Hydraulic Dumping Cargo Bed: Simplifies loading and unloading of bulky materials.
- Oversized 14-Inch Wheels: Enhances traction and stability across rough terrain.
- 1100-Pound Load Capacity: Designed for larger and heavier cargo.
- Custom-Stitched Marine-Grade Vinyl Seats with Ergonomic Armrests: Combines durability with operator comfort.
- LEOCH Sealed AGM Batteries: Provides an extended range of up to 45 miles on a single charge.
The MVR Cargo Max is perfect for farms, ranches, and other environments where reliability and efficiency are essential.
"The launch of our MVR Series highlights Massimo's commitment to innovation and customer-focused design. We believe these electric vehicles meet the growing demand for eco-friendly, versatile solutions for recreation and work," said David Shan, Founder, Chairman & CEO of Massimo. "With industry-leading features and a competitive price point, we expect that the MVR 2X and MVR Cargo Max will provide us a strong position in the expanding low-speed electric vehicle market. We believe this strategic product launch will drive significant growth and enhance shareholder value."
Strategic Positioning in a Growing Market
The market for electric LSVs is projected to grow significantly as consumers and businesses seek sustainable alternatives. Massimo's extensive network of over 2,800 partner dealerships nationwide ensures broad accessibility for customers to learn more and purchase the MVR Series.
With competitive pricing and advanced features, the MVR Series is poised to generate strong demand across key market segments, further cementing Massimo's reputation as a leader in the powersports and utility vehicle industries.
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo is also developing electric versions of UTVs, golf-carts and pontoon boats. The company's 376,000 square foot factory is in the heart of the
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, market positions, business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by Massimo's subsequent filings, with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Investor Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
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FAQ
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