Innovative technology driving the growing
demand for electrification
MONTRÉAL, Oct. 13, 2021
/PRNewswire/ - Taiga Motors
Corporation (TSX: TAIG) ("Taiga" or the
"Company"), a leading manufacturer of electric off-road vehicles,
today announced that the Company has reached 110 fleet
pre-orders1 worldwide between its Orca watercraft and
snowmobiles. This milestone achievement marks a nearly 100%
increase in fleet orders over the past few months and underscores a
growing demand for fleet electrification from Taiga's
high-performance and sustainable products.
"As we execute on our multi-channel growth strategy, we have
been laser-focused on our fleet program, as it enables multiple
unit sales across numerous verticals, including hospitality and
government, among others – each having the potential to grow
year-over-year with recurring orders for the Company," said
Sam Bruneau, CEO and co-founder
of Taiga. "This recent milestone is a testament to the
extensive demand for off-road fleet electrification and takes us
one step closer in our mission to electrify powersports at
scale."
Taiga's fleet pre-orders have been placed by customers across
Canada, the United States and Europe, representing a growing global demand
for fleet electrification. Orca fleet customers include the Riviera
Boat Club in Cannes, France, which
will be adding the Orca to its available rental watercrafts, and SD
Adventures in San Diego,
California, a tour operator working with various resorts in
the area.
Taiga's fleet capabilities provide a sustainable solution for
customers whose vehicles are crucial to their business. Commercial
operators benefit from Taiga's advanced software, remote
connectivity, and reduced ownership costs in addition to reducing
their carbon footprint.
Many of Taiga's snowmobile fleet customers have come from ski
resorts seeking to electrify their existing fleets as part of their
commitment to sustainable business practices and the environment.
Taiga management estimates that the replacement of 50 snowmobiles
at a ski resort would have the equivalent air quality impact of the
removal of 2,000 cars from circulation for one year, provided
batteries are charged using renewable or other decarbonized sources
of energy.2
Notable snowmobile fleet customers include Winter Park Resort,
Colorado's longest continually
operated ski resort; Taos Ski
Valley in New Mexico, the
only Certified B Corp ski resort in North
America; and More Activities in Sälen, Sweden, which provides a variety of
recreational outdoor activities across Sweden.
This milestone comes on the heels of Taiga's recent 'Ride the
Current' tour, showcasing the Company's dual-focused approach to
success with both consumer and business to business (B2B)
customers.
About Taiga
Taiga is a Canadian company reinventing the powersports landscape
with breakthrough electric off-road vehicles. Through a clean-sheet
engineering approach, Taiga has pushed the frontiers of electric
technology to achieve extreme power-to-weight ratios and thermal
specifications that outperform comparable high-performance
combustion powersports vehicles. The first models released include
a lineup of electric snowmobiles and personal watercraft to deliver
on a rapidly growing demand from recreational and commercial
customers who are seeking better ways to explore the great outdoors
without compromise. For more information,
visit https://www.taigamotors.ca.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of applicable securities laws, including statements
with regards to expectations regarding market trends, overall
market growth rates and the Company's growth rates, the Company's
future objectives and strategies to achieve those objectives.
Forward-looking statements generally, but not always, can be
identified by the use of forward-looking terminology such as
"outlook", "objective", "may", "could", "would", "will", "expect",
"intend", "estimate", "forecasts", "project", "seek", "anticipate",
"believes", "should", "plans" or "continue", or similar expressions
suggesting future outcomes or events and the negative of any of
these terms. Forward-looking information involves known and unknown
risks and uncertainties, many of which are beyond the Company's
control, that could cause actual results to differ materially from
those that are disclosed in or implied by such forward-looking
information. These risks and uncertainties include, but are not
limited to, pre-orders for the Company's vehicles being cancelled,
delays in production times and those described in the management's
discussion and analysis for the three and six month periods ended
June 30, 2021, and under "Risk
Factors" in the final non-offering prospectus dated March 26, 2021, of Taiga (formerly Canaccord
Genuity Growth II Corp.).
Forward-looking statements reflect management's current beliefs,
expectations and assumptions and are based on information
currently available to management. Readers are cautioned not to
place undue reliance on forward-looking statements, as there can be
no assurance that the future circumstances, outcomes or results
anticipated or implied by such forward-looking statements will
occur or that plans, intentions or expectations upon which the
forward-looking statements are based will occur. By their nature,
forward-looking statements involve known and unknown risks and
uncertainties and other factors that could cause actual results to
differ materially from those contemplated by such statements.
All forward-looking statements included in this news release are
qualified by these cautionary statements. Unless otherwise
indicated, the forward-looking statements contained herein are made
as of the date of this news release, and except as required by
applicable law, Taiga does not undertake any obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
____________________________________
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1
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Pre-orders for new
Taiga's vehicles are cancelable and the deposit fully refundable,
and there can be no assurance that such pre-orders will be
converted into sales.
|
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2
|
Based on calculation
using EPA emissions standards. Air quality multiplicative factor
based on management calculations between differential CO + NOx + HC
annual emissions between average U.S. passenger automobiles and
average ski resorts' snowmobile emissions. Automobile emissions are
calculated from U.S. average fuel economy, annual mileage and
emissions as reported by the EPA. Snowmobile emissions calculated
from the EPA reported 2019 snowmobile emissions per fuel energy
unit, and Taiga collected data on average ski resort annual fuel
usage.
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SOURCE Taiga Motors Corporation
