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Volcon Announces 2023 Vehicle Roadmap; Says Pre-Production Orders Reach $116M

Benzinga Real-time News ·  Jan 17, 2023 09:38

The Stag, the Company's flagship all-wheel drive, fully electric UTV, recently eclipsed $116,000,000 in pre-production orders with over 90% of these orders coming from its network of 151 dealers across the US, and its six distributors in South and Central America and the Caribbean region. The Stag will be the first fully electric UTV in its class and the first and currently only UTV to be powered by General Motors' Ultium electric propulsion system technologies, putting the company into a position of high visibility and reliability within the off-road powersports, outdoor and agricultural communities. Deliveries of the highly anticipated Stag to dealers across the US are expected to begin as early as June 2023. Pre-production orders for dealers and distributors did not require any up front payment and are non-binding, and only if ultimately finalized would such reservations result in realized revenue for the company following delivery. Consumer pre-production orders require a $100 reservation fee but are also non-binding.

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