Industry-Leading Features Tailored to Meet the
Increasing Demand for Eco-Friendly, Versatile Solutions for
Recreation and Work
GARLAND,
Texas, Nov. 25,
2024 /PRNewswire/ -- Massimo Group (NASDAQ:
MAMO) ("Massimo"), a manufacturer and distributor of powersports
vehicles and pontoon boats, today announced the launch of its new
MVR Series electric carts, featuring the MVR 2X Golf
Cart and the MVR Cargo Max Utility Cart. These
high-performance electric vehicles are tailored to meet the
increasing demand for low-speed electric vehicles (LSVs) that offer
versatility for both recreational and professional use.
With an extensive network of over 2,800
partners nationwide, Massimo believes it is well-positioned to
capture a significant share of this rapidly growing market. Both
the MVR 2X and MVR Cargo Max deliver advanced features,
cutting-edge performance, and unmatched versatility, aligning with
consumer demand for eco-friendly, multifunctional
vehicles.
MVR 2X Golf Cart: High-Tech and Versatile for
Recreation
The Massimo Electric MVR 2X Golf Cart is designed for
families, golfers, and anyone in need of a premium,
electric-powered transportation solution.
Key Features of the MVR 2X Include:
- Powerful 48V 5kW Motor: Provides smooth, quiet
performance for any terrain.
- 12 Inches of Ground Clearance: Offers enhanced
off-road capability.
- Oversized 23-Inch All-Terrain Tires: Navigates
varying surfaces with ease.
- Convertible Rear-Facing Seat: Maximizes passenger and
cargo flexibility.
- Custom-Stitched Marine-Grade Vinyl Seats: Durable
and comfortable for extended use.
- LEOCH Sealed AGM Batteries: Offers extended range and
minimal maintenance, with up to 45 miles per charge.
- 800-Pound Load Capacity: Combines passenger and cargo
functionality.
- Full LED Light Package and Rearview
Camera: Enhances visibility and safety.
The MVR 2X is a versatile option for golf courses, family
neighborhoods, and properties where low-speed vehicles are
permitted.
MVR Cargo Max Utility Cart: Built for Tough Jobs
The Massimo Electric MVR Cargo Max is the ultimate
utility solution, tailored for groundskeepers, farms, and other
commercial applications requiring heavy-duty performance.
Key Features of the MVR Cargo Max Include:
- Powerful 48V 5kW Motor: Delivers robust power for
demanding tasks.
- 13+ Cubic Foot Hydraulic Dumping Cargo Bed: Simplifies
loading and unloading of bulky materials.
- Oversized 14-Inch Wheels: Enhances traction and
stability across rough terrain.
- 1100-Pound Load Capacity: Designed for larger and
heavier cargo.
- Custom-Stitched Marine-Grade Vinyl Seats with Ergonomic
Armrests: Combines durability with operator comfort.
- LEOCH Sealed AGM Batteries: Provides an extended range
of up to 45 miles on a single charge.
The MVR Cargo Max is perfect for farms, ranches, and other
environments where reliability and efficiency are essential.
"The launch of our MVR Series
highlights Massimo's commitment to innovation and customer-focused
design. We believe these electric vehicles meet the growing demand
for eco-friendly, versatile solutions for recreation and work,"
said David Shan, Founder, Chairman & CEO of Massimo. "With
industry-leading features and a competitive price point, we expect
that the MVR 2X and MVR Cargo Max will provide us a strong position
in the expanding low-speed electric vehicle market. We believe this
strategic product launch will drive significant growth and enhance
shareholder value."
Strategic Positioning in a Growing Market
The market for electric LSVs is
projected to grow significantly as consumers and businesses seek
sustainable alternatives. Massimo's extensive network of over 2,800
partner dealerships nationwide ensures broad accessibility for
customers to learn more and purchase the MVR Series.
With competitive pricing and advanced features, the MVR Series
is poised to generate strong demand across key market segments,
further cementing Massimo's reputation as a leader in the
powersports and utility vehicle industries.
About Massimo Group
Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor
of powersports vehicles and pontoon boats. Founded in 2009, Massimo
Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the
industry. The company's product lines include a wide selection of
farm and ranch tested utility UTVs, recreational ATVs, and
Americana style mini-bikes. Massimo
Marine manufacturers and sells Pontoon and Tritoon boats
with a dedication to innovative design, quality craftsmanship, and
great customer service. Massimo is also developing electric
versions of UTVs, golf-carts and pontoon boats. The company's 376,000 square foot factory is
in the heart of the Dallas / Fort
Worth area of Texas in the
city of Garland. For more
information, visit massimomotor.com and massimomarine.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the use of proceeds thereof. In some cases, you
can identify forward-looking statements because they contain words
such as "anticipate," "believe," "estimate," "expect," "intend,"
"may," "predict," "project," "target," "potential," "seek," "will,"
"would," "could," "should," "continue," "contemplate," "plan," and
other words and terms of similar meaning. These forward-looking
statements include information concerning statements regarding
future cash needs, future operations, market positions, business plans and future
financial results; and any other statements that are not historical
facts. No assurance can be given that the proceeds of the offering
will be used as indicated. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of
Massimo, including those set forth in the "Risk Factors" section of
Massimo's Annual Report on Form 10-K for the year ended
December 31, 2023, as updated by
Massimo's subsequent filings, with the SEC. Copies are available on
the SEC's website, www.sec.gov. Massimo undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Company
Dr. Yunhao
Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com
Investor Relations
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us
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SOURCE Massimo Group