EV expansion for Volcon in Brazil! Brazilian importer, Comfort Industria E Comercio LTDA (“Ventura Experience”, or “Ventura”) has done a deal for a minimum purchase of $12.0 million over a three year period beginning in 2023 — and it could go as high as $17.2 million if the full sales forecast for Brazil is met. The Importer Agreement was effective March 31, 2023, and includes up to five additional countries with up to $3.4 million of additional minimum purchase requirements (up to $4.8 million if sales forecast is reached). Sales in these additional countries is contingent upon approval from a component supplier for the Stag to sell into these countries.
“We are thrilled to announce our new distribution agreement with Ventura, which will bring Volcon Electric Vehicles to five new countries in South America. Ventura is an impressive company with a proven track record in the industry, and we look forward to working together to bring sustainable and innovative products to customers throughout the region,” said Melissa Coffey, Vice President of Global Sales and Business Development at Volcon.
“We are incredibly excited to partner with Volcon and bring their innovative, sustainable electric vehicles to our customers in Latin and South America,” added Cristian Liani, International Sales Manager at Volcon. “With Ventura’s 40 years of powersports distribution expertise and Volcon's groundbreaking products, we have an opportunity to create a better, cleaner future. We are confident that our joint efforts will result in a successful and sustainable business venture, and we look forward to showcasing the Volcon line of products to our dealers and customers at our upcoming dealer conference in July. With our commercial headquarters in São Paulo and our extensive network of dealerships, we are well-positioned to help Volcon expand their dealership network throughout South and Latin America.”
Ventura plans to launch the Volcon line of products this July at their bi-annual dealer conference where Volcon team members will participate in revealing the product lineup to dealers attending the conference. With Ventura’s current UTV and four-wheel lineup being primarily diesel powered, they're excited to bring Volcon electric vehicles to their customers and community. Prior to the launch of Volcon products at their dealer conference, the Company plans to have members from Ventura join them in Austin this spring for its dealer demo day. Coffey continued, “A relationship of this kind has the potential to create endless opportunities for both parties, and we’re ecstatic to start working together and exploring what the future holds.”
