VOLTERRA Motors Announces Signing of Multiple Dealer Partnerships for Distribution of Electric Powersports Vehicles Across the United States

2 November 2022

VOLTERRA Global Technologies Inc. (“VOLTERRA” or the “Company”), a United States based All-Electric Powersports Vehicles Manufacturer, today announced the establishment of multiple strategic partnerships with powersports dealers around the United States.

VOLTERRA, which recently announced its upcoming line-up of powersports vehicles including electric crossover vehicles, youth dirt bikes, and ATVs, began accepting dealer applications via the Company website (https://volterramotors.com/) in September 2022. Since then, the Company has signed multiple authorized dealer appointment letters with the intention to enter into a formal dealer agreement with key powersports dealers across the US, including BIG #1 Motorsports in Birmingham, AL, Yamaha Sports Plaza in Fairview, OR and Express Powersports in Bourbonnais, IL for the planned distribution and sale of its full line-up of electric powersports vehicles beginning 2023.

“By reaching customers directly and forming close relationships with each one, brick and mortar dealers truly are the backbone of the powersports industry,” said Jose Villegas, Chief Executive Officer of VOLTERRA. “We have made a commitment to offer a robust set of services and high margin programs for our dealers and are excited to expand our network to ensure customer access to our products across the country.”

In addition to the distribution and sale of our products, these dealers will have access to a wide range of services and support from the Company, including online ERP, CRM, and DMS software, a B2B dealer portal with full functionality, online electronic parts fiches and warranty processing, sales and technical training and certification, online and phone technical support, marketing support among multiple other offerings. This robust support program highlights VOLTERRA’s commitment to optimizing the dealer experience and supporting these organizations as key stakeholders in the powersports sales industry.

More information on VOLTERRA products and to inquire about dealership opportunities can be found via the Company website at www.volterramotors.com.

About VOLTERRA Motors

VOLTERRA Motors was founded through a spin out of UM Motorcycles by Jose Villegas and Diego Villegas. After significant market research and years of product development in the electric vehicle space, the Company will launch a full line-up of electric powersports vehicles in the recreation and utility segments that are both environmentally friendly and cost-efficient while bringing exhilarating riding sensations. Electric technology has emerged as a proven solution to the harmful effects of burning fossil fuels and reliance on oil for transportation. In addition to the extensive knowledge within the automotive industry brought by the Villegas family, the Company has established a robust management team to execute product development, manufacturing and operations as well as global sales and distribution.

Forward-Looking Statements

This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving VOLTERRA, that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of VOLTERRA’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of VOLTERRA may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. VOLTERRA, neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.