For all those who have bemoaned the lack of light electric vehicle manufacturing in the US, it’s time to put your money where your mouth is. Austin, Texas-based off-road electric vehicle startup Volcon is now taking micro-investments from the public and revealing the pricing on its concept electric all-terrain and utility vehicles.
The company is using the SEC-regulated platform WeFunder, which allows members of the public to make small capital investments in early-stage companies.
This level of investing has traditionally been outside the reach of the general public, as early stage investment rounds are normally funded by larger accredited investors.
While backing such an early stage startup is inherently risky, it could provide impressive returns if Volcon is successful.
The Texas startup first burst onto the scene barely six weeks ago with the announcement of its first model, the Volcon Grunt. The Grunt is an electric motorcycle designed purely for off-road riding and has an expected delivery of Spring 2021.
The bike’s 37 kW (50 hp) motor is roughly equivalent to a Zero FX electric supermoto bike in power. The Grunt offers 102 Nm (75 lb-ft) of torque and can reach a claimed top speed of 60 mph (96 km/h) in 6 seconds.
The Grunt also features with a maximum range of 100 miles (160 km) on a charge, though likely at lower speeds. The Grunt has been listed with a retail price of $5,995 ahead of its debut this coming Spring.
Now Volcon is also revealing pricing for its other two electric models, the two-seater Stag and the four-seater Beast UTVs. Read from source….