Volcon Inc. has entered into a multi-year distribution agreement with Brazilian importer Comfort Industria E Comercio LTDA (Ventura Experience). The minimum purchase requirement is $12 million over a three-year period, which began in March.
The agreement includes up to five additional countries with up to $3.4 million of additional minimum purchase requirements if sales forecasts are met. Sales in these additional countries are contingent upon approval from a component supplier to the Stag to sell into these countries, according to the release.
The agreement will renew in 2026 if Ventura meets its sales targets and will renew thereafter for consecutive two-year periods. With the Ventura relationship, Volcon seeks to expand its dealer network into several other countries in the South and Latin American regions via Ventura’s established distribution network.
“We are thrilled to announce our new distribution agreement with Ventura, which will bring Volcon Electric Vehicles to five new countries in South America. Ventura is an impressive company with a proven track record in the industry, and we look forward to working together to bring sustainable and innovative products to customers throughout the region,” said Melissa Coffey, vice president of global sales and business development at Volcon.
“With our 40 years of powersports distribution expertise and Volcon’s groundbreaking products, we have the opportunity to create a better, cleaner future,” said Ventura’s CEO and owner, Andre Motta. … “We are confident that our joint efforts will result in a successful and sustainable business venture, and we look forward to showcasing the Volcon line of products to our dealers and customers at our upcoming dealer conference in July. With our commercial headquarters in São Paulo and our extensive network of dealerships, we are well-positioned to help Volcon expand its dealership network throughout South and Latin America.”
Ventura plans to launch the Volcon line of products this July at their bi-annual dealer conference where Volcon team members will participate in revealing the product lineup to dealers attending the conference. With Ventura’s current UTV and four-wheel lineup being primarily diesel-powered, they’re excited to bring electric vehicles to their customers and community.