Initial Units of Volcon’s New EVO Electric Motorcycle Now Shipping to US Customers, -AUSTIN, Texas, Oct. 18, 2023 (GLOBE NEWSWIRE) — Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today it has begun shipping units of the new Grunt EVO motorcycle to US customers via their powersports dealer network. The Company anticipates additional shipments to be made over the coming weeks as the dealer pipeline is filled. Interest remains strong both domestically and in Latin American markets.

Initial shipments have left Volcon’s warehouse in Round Rock, Texas and customers will start receiving their new EVOs in a few days. The new Grunt EVO is Volcon’s latest edition of its fat-tired, off-road, two-wheel electric motorcycle. One of the key features is the near-silent Gates Carbon Belt Drive (Moto X9) which replaces the chain drive on the original Grunt (Grunt FE). Customers can expect improved suspension with custom-tuned Walker Evans shocks and an overall weight reduction of 20 percent for improved handling.

Volcon shipped the first EVO units in September to fulfill multiple Latin American contracts where there is a thriving market for the Grunt FE and EVO motorcycles. One of the contracts fulfilled in September was with Brazilian importers, Ventura Experience, who signed a three-year distribution agreement with the Company at a $12 million minimum purchase requirement, effective March of this year.

“These are exciting times for Volcon. Shipping EVOs to the US market is a meaningful milestone for us to achieve, especially as we close in on our flagship product, the Stag,” stated Jordan Davis, Volcon’s Chief Executive Officer. “For the team at Volcon, delivering the EVO on the heels of Stag production is major in that we are successfully closing substantial development programs in tandem, culminating in the shipment of not one, but two product lines heading into the fourth quarter.”

Customers can immediately accessorize with gold anodized forks, flat rear rack, utility rack, tank bag, and cover while some accessories such as the tow hitch can be ordered but are four to six weeks from pick up. You can find EVO accessories on the Company’s website.

Volcon continues to expand its customer base with new editions of its two-wheel and UTV product lines, targeting outdoor enthusiasts, traditional powersports families, wildlife conservation groups, and other audiences needing silent, rugged vehicles with exceptional all-terrain capabilities. Those interested can custom configure their EVO at no cost on Volcon’s website or visit their preferred dealer to see the latest promotions for the FE models (where available) and the new 2024 EVO.[***]