Volcon Announces Additional Trim Levels and Options for Stag Ahead of October Production Launch

AUSTIN, Texas, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today an expansion of the Stag UTV lineup to include a Limited Edition (LTD) trim and three additional trim levels of the Company’s flagship product. The new trim levels provide a wider array of options and price points, which the company believes will meet the needs and budgets of a broader base of customers, including off-road enthusiasts, fleet managers, government entities, and those looking for additional outdoor recreation opportunities.

The new trim levels include the Stag GL, Stag GL+, Stag Limited Edition (LTD) and the Stag XR Performance. The GL and GL+ trim levels utilize automotive grade battery components that have been repackaged specifically for the Stag, allowing Volcon to extend the life of lithium that has already been sourced while retaining a high level of off-road performance. The GL trim will offer the more cost conscious, utility-focused customer an affordable option to electrify their fleet, job site, or outdoor activities. The GL+ provides additional horsepower, upgraded options, and crosses the boundaries between work and play. The Stag LTD and XR Performance lean into high performance, including upgrades in battery capacity and horsepower, taking the Stag to class leading levels of off-road performance and capability.

“The automotive and powersports industries have gone through substantial changes over the last few years. A major contributing factor has been global supply issues as a result of the pandemic, in addition to the general demand for EV’s increasing as OEMs are encouraged to produce electric options. This creates very specific challenges for a mature industry, and for a new OEM like Volcon, it’s been particularly complex to address,” said Jordan Davis, Chief Executive Officer of Volcon. “We believe that by offering a broader range of best-in-class electric UTVs, we are meeting the challenges head on. Not only are we offering customers a wider range of price points which offers more affordable solutions to cost conscious customers, but we are working on diversifying our supply chain to address the rising costs of EV components,” Davis continued.