Welcome to our dedicated page for Volcon news (Ticker: VLCN), a resource for investors and traders seeking the latest updates and insights on Volcon stock.
Volcon, Inc. (NASDAQ: VLCN) is pioneering the future of off-road powersports with its all-electric vehicles. Based in Austin, Texas, Volcon designs and manufactures electric two-wheel and four-wheel motorcycles and utility terrain vehicles (UTVs) aimed at revolutionizing off-road adventuring. The company’s innovative product lineup includes the Grunt EVO, an enhanced version of the original Grunt, the Brat e-bike, and the Volcon Youth Motorcycle line, catering to younger riders. The company's flagship UTV, the Stag, offers a unique and silent off-road experience, targeting both the recreational and professional sectors.
Volcon's commitment to sustainability and innovation sets it apart as the first company in its sector to focus exclusively on electric vehicles, thus providing an eco-friendly alternative to traditional gas-powered options. The Grunt EVO, launched in October 2023, boasts a belt drive, improved suspension, and an upgraded seat. Meanwhile, the Brat e-bike, suitable for both on-road and off-road adventures, is making waves across North America.
In recent operational updates, Volcon announced a significant sales growth during the holiday season, attributed to strategic holiday promotions and consistent production improvements. The company also marked a milestone by expanding its product reach into New Zealand, indicating its growing global footprint.
However, Volcon has faced challenges, particularly with the Stag model, encountering supply chain issues. The company remains dedicated to resolving these issues to maintain the highest standards of quality and safety. Despite these hurdles, Volcon continues to deliver, with a recent milestone being the first delivery of the Stag to the United States Army Corp of Engineers for testing under a Cooperative Research and Development Agreement (CRADA).
Financially, Volcon has experienced fluctuations, including stock splits to manage its share count and investor equity. The company recently executed a 1-for-45 reverse stock split and a subsequent 1-for-100 reverse stock split to consolidate shares, aiming to stabilize its market position. Despite these financial adjustments, Volcon's focus remains on expanding its dealership network, now covering 28 states with 105 dealers, and enhancing its product lineup to meet the growing demands of off-road enthusiasts.
Volcon’s leadership, under the helm of CEO John Kim, is strategically aligned with the company's mission to lead in the off-road EV market. Kim brings a personal passion for off-road vehicles, which translates into the company’s robust marketing strategy and product development.
To stay updated on Volcon's latest developments and product offerings, follow them on social media platforms like YouTube, Facebook, Instagram, and LinkedIn, or visit their website at www.volcon.com.
Volcon ePowersports (NASDAQ: VLCN) has announced the arrival of their HF1 model at Lithium Powersports in Jacksonville, Florida. The unit is now available for public viewing and purchase at the dealership. Customers can experience the vehicle in person at the dealership location or visit their website at lithiumpowersports.com for more information.
Volcon ePowersports (NASDAQ: VLCN) announced the delivery of its first HF1 to Hal Calvert, a pioneer in off-grid living in Colorado. Hal, who lives on an 80-acre property surrounded by Bureau of Land Management territory and uses sustainable energy sources, chose the electric-powered HF1 for his land navigation and various tasks.
The Volcon team attended the delivery, providing Hal with a personalized walkthrough and recognizing him as the first official HF1 owner in the state. Volcon's Chief Sales Officer, Josh Rasmussen, highlighted the company's hybrid sales model, which captures sales from UTV and Golf Cart consumers and directs purchases made on Volcon.com to the nearest dealer for seamless customer experience and support.
Volcon plans to continue delivering more HF1 units across the U.S. through its network of over 100 dealers in 2025. The company has additional HF1 units being prepared for delivery from their Texas headquarters and expects to ramp up deliveries following the HF1's launch.
Volcon ePowersports (NASDAQ: VLCN) has announced that its MN1 model has arrived at Cycle Plaza in Corpus Christi, Texas, marking the second dealership to receive the unit. The vehicle is now available for display and sale at the dealership. Potential customers are invited to visit Cycle Plaza Corpus Christi either in person or through their website to examine the MN1 and learn about its features.
Volcon ePowersports (NASDAQ: VLCN) has announced that Electric Wheels will distribute the Volcon HF1 UTV in the United Kingdom and Europe. Electric Wheels, as the official European Distributor, will manage a dealer network across these regions. The distribution agreement comes through the HF1 manufacturer, which has licensing rights from Volcon for markets outside North America.
The HF1, Volcon's fastest vehicle to date, features all-wheel drive, 27" tires, speeds exceeding 50 mph, and a 700 kg payload capacity. The vehicle is currently undergoing UK and EU certification. While the company notes this agreement won't initially impact Volcon's finances, CEO John Kim views the European expansion as brand validation and a potential source of future royalties under their manufacturing agreement.
Volcon ePowersports (NASDAQ: VLCN) has announced that its 250W Brat model has successfully obtained Japanese government certification, allowing immediate sales throughout Japan. Certification for the 750W model is still in progress.
Volcon (NASDAQ:VLCN) announced a 1-for-8 reverse stock split effective November 8, 2024. The company's common stock will trade on Nasdaq Capital Market under the same ticker 'VLCN' but with a new CUSIP number starting November 11, 2024. The split will reduce outstanding shares from approximately 4.49 million to 0.56 million, while authorized shares remain at 250 million. Fractional shares will be rounded up to the nearest whole number, and the nominal par value remains $0.00001 per share.
Volcon ePowersports (NASDAQ: VLCN) has released a company update video featuring CEO John Kim. The video provides information about Volcon's latest product lineup, specifically focusing on updates to their UTV (Utility Task Vehicle) product roadmap. This announcement aims to keep investors and stakeholders informed about the company's current developments in the electric powersports industry. Interested parties can access the full update video through a provided link. For additional information or media inquiries, Volcon has made their media contact email available.
Volcon ePowersports (NASDAQ: VLCN) has announced that CEO John Kim has released a video update addressing recent company developments. The full update can be viewed via a provided link. The company encourages stakeholders to stay tuned for further updates and directs media inquiries to media@volcon.com.
Volcon Inc. (NASDAQ:VLCN) has announced the launch and first production run of the HF1 Electric UTV, a three-person single row vehicle combining cutting-edge technology with rugged performance. The production has started one full quarter ahead of schedule, with the first 27 units ready to ship this week. The HF1 features a 350-volt automotive electric system with a high power battery pack that has received UN 38.3 Certification.
Key features of the HF1 include:
- Electric drivetrain with speeds up to 60 mph and a range of up to 60 miles
- 17.5 kWh battery system with quick recharge times
- Advanced suspension system and all-wheel drive capabilities
- 13-inch LCD display with backup camera and bluetooth compatibility
- GPS tracking and mobile connectivity
The HF1 is designed for versatility, suitable for recreational use, commercial tasks, and agricultural applications.
Volcon Inc. (NASDAQ:VLCN) has signed a distribution agreement with a prominent Japanese vehicle distributor, Pista Enterprises, G.K., to introduce its popular Brat electric bike with unique café racer options to the Japanese market. The Brat is expected to be available for sale during the 2024 holiday season, pending certification with the Japanese government.
This collaboration marks a significant milestone in Volcon's expansion strategy, targeting Japan's rapidly evolving electric vehicle market. The Brat, known for its versatility, performance, and sustainability, will feature a café racer configuration, blending vintage aesthetics with modern technology to appeal to urban commuters and adventure enthusiasts in Japan.
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