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US-Built Electric Motorcycle Company, Volcon, Reveals Nationwide Dealership Plan, Stock Soars
US-built Electric Motorcycle Company, Volcon, reveals nationwide dealership plan, stock soars.
Since its introduction of the Grunt to the public in 2020, dealership requests have flooded in from all over the world,
The company’s new nationwide dealership network was just announced in order to better ease order fulfillment of the popular off-road electric two-wheelers.
While the dealership is designed to cover the continental United States, Volcon also plans to establish an international dealer network as well. Plans are already in the works in several South American countries.
As explained by Volcon ePowersports director of international sales and business development Melissa Coffey :
“Since we first introduced the Grunt to the public in 2020, dealership requests have flooded in from all over the world, receiving over 200 inquiries in just the US alone and more than 50 internationally. We’ve already begun early discussions with established powersports dealers and it has been very rewarding to hear that they already know about the Volcon brand and have been following our progress since the beginning. It’s confirmation that we are in the right place at the right time with the right products!”
This all comes as good news to Volcon’s investors, who have helped buoy the company’s stock after its Nasdaq IPO last month under the symbol VLCN.
Back in early October, the company’s IPO priced shares at $5.50, with the price jumping to $9.01 at the start of trading. Pricing fluctuated throughout the first day, ultimately closing with VLCN at $10.86, marking a 97% increase.
The stock has climbed even higher in the month since, closing at $15.09 yesterday.
Volcon hopes to capitalize on its success with a string of future products. In addition to its Grunt off-road electric motorcycle, a smaller model known as the Runt will be rolling out for teenagers and smaller riders.
On the other end of the spectrum, Volcon has two four-wheeled electric UTVs in the works.
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