Volcon ePowersports (NASDAQ: VLCN), the first all-electric, off-road powersports company, is pleased to announce the launch of a new floor plan financing and retail financing program provided by Dealer Direct Financial, a department of First Community Bank.
The Austin, Texas company says this initiative will enable Volcon's network of dealers to finance their inventory purchases, providing them with enhanced access to the Company’s groundbreaking electric off-road vehicles.
The floor plan will provide flexible financial solutions designed to support inventory acquisition and drive sales of Volcon's cutting-edge products. By facilitating dealer access to affordable financing, Volcon aims to expand its market presence and ensure that customers nationwide can experience the next generation of off-road adventure with the Company's electric vehicles.
“We are excited to offer this floor plan program to our dealer network, which will empower them to grow their businesses while helping accelerate the adoption of our all-electric off-road vehicles,” said CEO John Kim.
“This program reflects our commitment to strengthening dealer relationships and furthering our mission to revolutionize the powersports industry with sustainable, high-performance electric vehicles.”
The new floor plan program is a significant step in Volcon's strategy to scale its operations and support its growing network of dealers as they meet increasing demand for Volcon’s innovative electric powersports offerings.
VLCN shares shed two cents, or 3.7%, to 58 cents.
