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Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric Carts

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Massimo Group (NASDAQ: MAMO) has launched two new electric cart models: the MVR HVAC Golf Cart and MVR HVAC Utility Carts. These vehicles feature fully enclosed cabs with heating and air conditioning systems, ensuring year-round comfort and protection. The golf cart model includes a 48V 5kW motor, 12-inch ground clearance, and up to 45-mile range per charge. The utility version adds a heavy-duty metal dump bed for commercial applications.

Key features include custom-stitched marine-grade vinyl seats, side mirrors, rearview camera, LED lights, and an 800-pound load capacity. Massimo plans to expand the line with Lithium-Ion battery models and has a distribution network of over 2,800 partners nationwide.

Massimo Group (NASDAQ: MAMO) ha lanciato due nuovi modelli di carrelli elettrici: il MVR HVAC Golf Cart e i MVR HVAC Utility Carts. Questi veicoli dispongono di cabine completamente chiuse con sistemi di riscaldamento e aria condizionata, garantendo comfort e protezione tutto l'anno. Il modello golf cart include un motore da 48V 5kW, un'altezza da terra di 30 cm e un'autonomia fino a 72 km con una carica. La versione utility aggiunge un cassone ribaltabile in metallo robusto per applicazioni commerciali.

Tra le caratteristiche principali ci sono sedili in vinile di grado marino con cuciture personalizzate, specchietti laterali, telecamera posteriore, luci LED e una capacità di carico di 363 kg. Massimo prevede di espandere la linea con modelli a batteria agli ioni di litio e dispone di una rete di distribuzione di oltre 2.800 partner a livello nazionale.

Massimo Group (NASDAQ: MAMO) ha lanzado dos nuevos modelos de carretillas eléctricas: el MVR HVAC Golf Cart y los MVR HVAC Utility Carts. Estos vehículos cuentan con cabinas completamente cerradas con sistemas de calefacción y aire acondicionado, asegurando comodidad y protección durante todo el año. El modelo de golf incluye un motor de 48V 5kW, una altura del suelo de 30 cm y un alcance de hasta 72 millas por carga. La versión de utilidad agrega una caja de volquete de metal resistente para aplicaciones comerciales.

Las características clave incluyen asientos de vinilo de grado marino con costuras personalizadas, espejos laterales, cámara de retroceso, luces LED y una capacidad de carga de 363 kg. Massimo planea expandir la línea con modelos de batería de iones de litio y tiene una red de distribución de más de 2,800 socios en todo el país.

Massimo Group (NASDAQ: MAMO)는 두 가지 새로운 전기 카트 모델인 MVR HVAC 골프 카트MVR HVAC 유틸리티 카트를 출시했습니다. 이 차량들은 완전히 밀폐된 캐빈을 갖추고 있으며 난방 및 에어컨 시스템이 장착되어 있어 연중 내내 편안함과 보호를 보장합니다. 골프 카트 모델은 48V 5kW 모터, 30cm의 지상 고도 및 충전당 최대 72km의 주행 범위를 포함합니다. 유틸리티 버전은 상업적 용도를 위한 내구성 있는 금속 덤프 베드를 추가합니다.

주요 특징으로는 맞춤형 스티치가 있는 해양 등급 비닐 시트, 측면 미러, 후방 카메라, LED 조명, 363kg의 적재 용량이 있습니다. Massimo는 리튬 이온 배터리 모델로 라인을 확장할 계획이며, 전국에 2,800개 이상의 파트너 배급 네트워크를 보유하고 있습니다.

Massimo Group (NASDAQ: MAMO) a lancé deux nouveaux modèles de chariots électriques : le MVR HVAC Golf Cart et les MVR HVAC Utility Carts. Ces véhicules sont équipés de cabines entièrement fermées avec des systèmes de chauffage et de climatisation, garantissant confort et protection tout au long de l'année. Le modèle de golf comprend un moteur de 48V 5kW, une garde au sol de 30 cm et une autonomie allant jusqu'à 72 km par charge. La version utilitaire ajoute un plateau basculant en métal robuste pour des applications commerciales.

Les principales caractéristiques incluent des sièges en vinyle de qualité marine avec des coutures personnalisées, des rétroviseurs latéraux, une caméra de recul, des lumières LED et une capacité de charge de 363 kg. Massimo prévoit d'élargir la gamme avec des modèles à batterie lithium-ion et dispose d'un réseau de distribution de plus de 2 800 partenaires à l'échelle nationale.

Massimo Group (NASDAQ: MAMO) hat zwei neue elektrische Wagenmodelle eingeführt: den MVR HVAC Golf Cart und die MVR HVAC Utility Carts. Diese Fahrzeuge verfügen über komplett geschlossene Kabinen mit Heizungs- und Klimaanlagen, die ganzjährig Komfort und Schutz gewährleisten. Das Golfwagenmodell umfasst einen 48V 5kW Motor, eine Bodenfreiheit von 30 cm und eine Reichweite von bis zu 72 km pro Ladung. Die Nutzversion verfügt über eine robuste Metallmulde für gewerbliche Anwendungen.

Zu den Hauptmerkmalen gehören maßgeschneiderte, genähte Sitze aus marinegeeignetem Vinyl, seitliche Spiegel, eine Rückfahrkamera, LEDs und eine Tragfähigkeit von 363 kg. Massimo plant, die Reihe mit Lithium-Ionen-Batteriemodellen zu erweitern, und hat ein Vertriebsnetz von über 2.800 Partnern im ganzen Land.

Positive
  • Introduction of innovative HVAC-equipped electric carts addressing year-round usage needs
  • Strong distribution network with 2,800+ partners nationwide
  • Planned expansion into Lithium-Ion battery models indicating product line growth
Negative
  • None.

Insights

The launch of HVAC-equipped electric carts represents a strategic move into a premium segment of the recreational and commercial vehicle market. The addition of climate control features addresses a significant gap in the market, particularly for year-round usability in extreme weather conditions. With a 45-mile range and 800-pound load capacity, these vehicles compete favorably against traditional golf carts while offering superior comfort features.

The timing aligns well with growing demand for electric low-speed vehicles, especially in commercial and municipal sectors. The planned expansion into lithium-ion powered models suggests a clear product roadmap that could strengthen Massimo's market position. With 2,800 partners nationwide, the distribution network provides a solid foundation for market penetration, though success will largely depend on pricing strategy and market acceptance of premium features.

The technical specifications of these new models showcase meaningful innovation in the electric cart segment. The 48V 5kW motor coupled with LEOCH Sealed AGM batteries delivers a practical balance of performance and range. The integration of HVAC systems in a compact electric vehicle presents engineering challenges, particularly in power management and battery efficiency.

The inclusion of modern features like LED lighting packages and rearview cameras indicates a focus on safety and user experience. The future transition to lithium-ion batteries could significantly improve performance metrics, potentially offering better range and reduced weight. This technological roadmap demonstrates Massimo's commitment to staying competitive in an evolving market.

Fully Enclosed Cabs Equipped with Heating and Air Conditioning Ensure Usability and Protection in all Weather Conditions

GARLAND, Texas, Dec. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of the MVR HVAC Golf Cart and MVR HVAC Utility Carts, the latest additions to the popular MVR Series of electric carts. Designed to deliver exceptional comfort and performance, these models feature fully enclosed cabs equipped with heating and air conditioning, ensuring usability and protection in all weather conditions. This marks the first release of the MVR HVAC and MVR HVAC Utility models, with future releases to include updated styling and technology expected later this year.

Massimo MVR HVAC Utility, left, and MVR HVAC, right

MVR HVAC: Comfort for Recreation and Work 

The MVR HVAC model sets a new standard for electric carts, offering a combination of cutting-edge features and luxurious comfort. This model is ideal for golf courses, residential neighborhoods, and light-duty work, as well as for sporting or recreational activities where quiet operation is a priority.

Key Features Include: 

    • Powerful 48V 5kW Motor: Delivers smooth, quiet performance.
    • Fully Enclosed Cab with HVAC: Provides heating and air conditioning for year-round comfort, whether on hot summer days or cold winter mornings.
    • 12 Inches of Ground Clearance: Ensures versatility across various terrains.
    • Oversized 14-Inch Wheels: Offers stability and durability.
    • Custom-Stitched Marine-Grade Vinyl Seats: Combines luxury with practicality.
    • Side Mirrors and Rearview Camera: Enhances safety and convenience.
    • LEOCH Sealed AGM Batteries: Offers up to a 45-mile range per charge with minimal maintenance.
    • Full LED Light Package: Improves safety and visibility.
    • 800-Pound Load Capacity: Handles passengers, cargo, or both, with ease.

MVR HVAC Utility: Built for Work 

The MVR HVAC Utility model includes all the premium features of the MVR HVAC while adding a large, heavy-duty metal dump bed. This makes it an ideal choice for commercial applications, including ranches, farms, and groundskeeping operations, where the ability to carry and unload materials is essential.

Utility-Specific Features: 

    • Large Dump Bed: Built for heavy-duty tasks, with easy unloading capabilities.
    • Enhanced Commercial Appeal: Ideal for businesses prioritizing employee safety and comfort in extreme weather conditions.

Meeting Growing Demand for Electric Carts 

The new MVR HVAC models respond to the rising demand for electric low-speed vehicles in both recreational and commercial markets. With their quiet operation, rugged design, and advanced features, these carts are well-suited for individuals, businesses, and municipalities seeking efficient and environmentally friendly solutions.

In addition to this initial launch, Massimo Motor plans to expand the MVR HVAC line to include models powered by Lithium-Ion batteries, offering lighter weight, extended range, and even greater performance.

David Shan, CEO of Massimo Motor, stated:

"The launch of the MVR HVAC Golf Cart and Utility Carts highlights our commitment to innovation and customer satisfaction. By integrating heating and air conditioning into our electric carts, we are delivering exceptional comfort to a wide range of users. Golf lovers can enjoy using this model to extend their season for more playing time each year and commercial users can have more comfortability year-round. Whether it is a family enjoying a quiet ride or a business ensuring their employees are protected from the elements, we believe these models represent the future of electric carts."

Driving Investor Confidence Through Innovation 

Massimo Motor's dedication to developing advanced, feature-rich products continues to strengthen its position as a market leader in the electric vehicle segment. The introduction of the MVR HVAC Golf Cart and HVAC Utility Carts is a testament to the company's forward-thinking approach, ensuring it meets the evolving needs of its customers while capturing a larger share of the growing electric cart market.

With an extensive network of over 2,800 partners nationwide, Massimo Motor ensures its products are accessible to customers across the U.S., positioning the company for sustained growth and delivering value to its customers and investors.

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. Founded in 2020, Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group 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 Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com.

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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SOURCE Massimo Group

FAQ

What are the key features of Massimo's new MVR HVAC Golf Cart (MAMO)?

The MVR HVAC Golf Cart features a 48V 5kW motor, fully enclosed cab with heating and air conditioning, 12-inch ground clearance, 14-inch wheels, marine-grade vinyl seats, side mirrors, rearview camera, LED lights, and up to 45-mile range per charge.

What is the load capacity of the new Massimo MVR HVAC carts (MAMO)?

The new Massimo MVR HVAC carts have an 800-pound load capacity for passengers and cargo.

How many distribution partners does Massimo (MAMO) have for their electric carts?

Massimo has over 2,800 partners nationwide for distribution of their products.

What future developments are planned for Massimo's MVR HVAC line (MAMO)?

Massimo plans to expand the MVR HVAC line with Lithium-Ion battery models, offering lighter weight, extended range, and improved performance.

What is the range per charge of Massimo's new MVR HVAC Golf Cart (MAMO)?

The MVR HVAC Golf Cart offers up to a 45-mile range per charge using LEOCH Sealed AGM Batteries.

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