The Volcon HF1 secures distribution in UK and Europe
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) ha annunciato che Electric Wheels distribuirà il Volcon HF1 UTV nel Regno Unito e in Europa. Electric Wheels, come distributore ufficiale europeo, gestirà una rete di concessionari in queste regioni. L'accordo di distribuzione avviene tramite il produttore dell'HF1, che detiene i diritti di licenza da Volcon per i mercati al di fuori del Nord America.
L'HF1, il veicolo più veloce di Volcon fino ad oggi, è dotato di trazione integrale, pneumatici da 27
Volcon ePowersports (NASDAQ: VLCN) ha anunciado que Electric Wheels distribuirá el Volcon HF1 UTV en el Reino Unido y Europa. Electric Wheels, como distribuidor oficial europeo, gestionará una red de concesionarios en estas regiones. El acuerdo de distribución se lleva a cabo a través del fabricante del HF1, que tiene derechos de licencia de Volcon para los mercados fuera de América del Norte.
El HF1, el vehículo más rápido de Volcon hasta la fecha, cuenta con tracción en las cuatro ruedas, neumáticos de 27
Volcon ePowersports (NASDAQ: VLCN)는 Electric Wheels가 영국과 유럽에서 Volcon HF1 UTV를 배급할 것이라고 발표했습니다. Electric Wheels는 공식 유럽 배급업체로서 이 지역의 대리점 네트워크를 관리할 것입니다. 배급 계약은 HF1 제조업체를 통해 체결되었으며, 이는 북미 외 시장에 대한 Volcon의 라이센스 권한을 가지고 있습니다.
HF1는 Volcon의 최신 차량 중 가장 빠른 모델로, 전륜 구동, 27
Volcon ePowersports (NASDAQ: VLCN) a annoncé qu'Electric Wheels distribuera le Volcon HF1 UTV au Royaume-Uni et en Europe. Electric Wheels, en tant que distributeur européen officiel, gérera un réseau de concessionnaires dans ces régions. L'accord de distribution est établi avec le fabricant du HF1, qui détient les droits de licence de Volcon pour les marchés en dehors de l'Amérique du Nord.
Le HF1, le véhicule le plus rapide de Volcon à ce jour, est équipé de la transmission intégrale, de pneus de 27
Volcon ePowersports (NASDAQ: VLCN) hat angekündigt, dass Electric Wheels den Volcon HF1 UTV im Vereinigten Königreich und in Europa vertreiben wird. Electric Wheels, als offizieller europäischer Distributor, wird ein Händlernetzwerk in diesen Regionen verwalten. Der Vertriebsvertrag kommt über den HF1-Hersteller zustande, der Lizenzrechte von Volcon für Märkte außerhalb Nordamerikas hat.
Der HF1, das schnellste Fahrzeug von Volcon bis heute, verfügt über Allradantrieb, 27-Zoll-Reifen, Geschwindigkeiten von über 50 mph und eine Tragfähigkeit von 700 kg. Das Fahrzeug befindet sich derzeit im Zertifizierungsprozess für das Vereinigte Königreich und die EU. Obwohl das Unternehmen darauf hinweist, dass sich dieses Abkommen zunächst nicht auf die Finanzen von Volcon auswirken wird, sieht CEO John Kim die europäische Expansion als Bestätigung der Marke und potenzielle Quelle für zukünftige Lizenzgebühren im Rahmen ihrer Produktionsvereinbarung.
- Geographic expansion into UK and European markets
- Potential future royalty revenue stream from international sales
- Brand validation in international markets
- No immediate financial impact from the distribution agreement
Insights
This distribution deal in the UK and Europe through Electric Wheels represents a strategic expansion but with immediate financial impact. The arrangement is primarily a brand-building exercise, as explicitly stated by the CEO that it will not initially generate direct revenue for Volcon. The deal structure involves royalties through the HF1 manufacturing agreement, suggesting a longer-term revenue potential rather than immediate gains.
The European off-road vehicle market, valued at approximately
To simplify: Think of this as planting seeds for future growth - while the company won't see immediate profits, they're setting up the infrastructure to potentially sell their vehicles in a huge new market later on. It's like opening a store but not stocking it yet - the foundation is there, but the revenue will come later.
AUSTIN, Texas, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Volcon ePowersports (NASDAQ: VLCN) is pleased to announce Electric Wheels Ltd, a prominent distributor of electric off-road vehicles, has agreed to distribute the Volcon VLCN HF1 UTV in the United Kingdom. Electric Wheels Ltd. (“Electric Wheels”) is the official European Distributor for the manufacturer of the HF1, who has licensing rights from Volcon through its HF1 manufacturing agreement, to sell the HF1 in markets outside of North America. Electric Wheels will be managing a network of dealers across the UK and Europe.
John Kim, Volcon’s CEO notes, “We are excited for the opportunity to expand the Volcon brand into Europe. Although this will not initially result in a financial impact to Volcon, we believe having our brand expanded to markets outside of North America validates our products and will give us future opportunities for royalties under our HF1 manufacturing agreement.”
The HF1 is leading the charge in high-performance UTVs and is Volcon’s fastest vehicle to date. Off-road tasks can be done with ease with the HF1’s all-wheel drive, 27” tires, 50+ mph speed, and 700 kg payload capacity.
The HF1 is currently undergoing certification for both UK and EU markets.
For more detailed information, please visit: https://www.volconmotors.co.uk.
Media inquiries, please contact: media@volcon.com
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 and in the video referenced in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release and in the video referenced in this release include, without limitation, whether the HF1 will pass UK and EU certification requirements and whether the Company will realize future royalties for the sale of the HF1 in the UK and EU. 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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FAQ
What are the key specifications of the Volcon HF1 UTV (VLCN)?
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