Volcon, Inc. is a company engaged in designing, manufacturing, and selling electric powered equipment, including electric bikes and transportation products, primarily listed on NASDAQ under the symbol VLCN.

# Company Summary: Volcon, Inc.

**Business Focus:**  
Volcon, Inc. is a company involved in the electric vehicle industry, specifically designing, manufacturing, and selling electric powered equipment.

**Key Details:**  
- **Stock Information:**  
  - Common Stock traded on NASDAQ under the symbol **VLCN**.  
- **Location:**  
  - Principal executive office at 3121 Eagles Nest St., Suite 120, Round Rock, TX 78665.  
- **Employees:**  
  - The document does not specify the total number of employees.  
- **Customers and Revenue:**  
  - The filing does not provide specific information regarding the number of customers, total revenue, or income figures.  
- **Financial Data:**  
  - The document does not include detailed financial metrics such as revenue, net income, or operational figures.

**Business Activities:**  
- Focused on the development and sales of electric vehicles, including electric bikes and related transportation products.  
- The company engages in the manufacturing process, product design, and sales strategy for electric transportation equipment.  

**Additional Notes:**  
- The company has multiple executive officers and board members with experience in product design, entrepreneurship, financial management, and corporate governance.  
- The company has ongoing dealings with various investors and has issued warrants and equity awards under stock plans, but specific sales or customer data is not provided in this document.

*This summary is solely based on the provided document excerpt, which is primarily legal and governance information with limited financial or operational data.*

The company is focused on developing and distributing innovative all-electric off-road powersports vehicles including electric motorcycles and utility terrain vehicles, steered by a robust dealer network and a commitment to expand its product offerings despite financial challenges.

# Company Overview

## Business Focus
The company specializes in the development and distribution of all-electric off-road powersports vehicles, including electric motorcycles and utility terrain vehicles (UTVs), along with upgrades and accessories.

### Products
- **Electric Motorcycles**:
  - **Grunt EVO**: An upgraded version of the original Grunt featuring a belt drive, updated rear suspension, and available in multiple colors.
  - **Runt LT**: A smaller motorcycle designed for smaller riders and compact environments, functionality still under evaluation for production.

- **Utility Terrain Vehicles (UTVs)**:
  - **Stag**: The first of the utility/sport UTV models, designed for four passengers, featuring advanced capabilities including all-wheel drive and customizable accessories. The first units were delivered to customers in February 2024.

- **E-Bikes**:
  - **Brat**: A Class 2 eBike available for on and off-road use, started shipping in late 2022.

### Sales Channels
- Initially sold via a direct-to-consumer model but transitioned to a dealer network:
  - **Active Dealers**: As of March 15, 2024, there are 103 active dealers across 28 U.S. states.
  - **International Distribution**: Products are also sold through importers in Latin America, New Zealand, Australia, and the Caribbean.

### Financial Highlights
- **Employees**: 35 full-time and 1 part-time employee as of December 31, 2023.
- **Revenue and Income**: Specific revenue figures weren't disclosed in the provided information. However, the company reported an accumulated deficit of $120.8 million as of December 31, 2023, suggesting ongoing operational losses.

### Market and Competitors
The company operates in the rapidly growing powersports industry, which includes off-road vehicles, electric bikes, and more. The overall market for powersports is anticipated to grow at a compound annual growth rate of around 5.7% from 2022 to 2027.

## Summary
This all-electric powersports vehicle company is carving out a niche within the growing market for electric off-road vehicles, focusing on innovative design and consumer engagement through a dealer network. Despite ongoing financial challenges indicated by a substantial accumulated deficit, the company is actively working on expanding its product offerings and customer base internationally.

Volcon, Inc.

10-K / April 30, 2025

10-K / March 28, 2024

10-K / April 30, 2025

Company Summary: Volcon, Inc.