{"id":13582,"date":"2024-11-25T21:15:47","date_gmt":"2024-11-25T14:15:47","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=13582"},"modified":"2024-11-25T21:15:47","modified_gmt":"2024-11-25T14:15:47","slug":"massimo-launches-electric-mvr-series-golf-and-utility-carts-meeting-the-growing-demand-for-low-speed-electric-vehicles","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=13582","title":{"rendered":"Massimo Launches Electric MVR Series Golf and Utility Carts: Meeting the Growing Demand for Low-Speed Electric Vehicles"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2376863\/Massimo_Group_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><i>Industry-Leading Features Tailored to Meet the Increasing Demand for Eco-Friendly, Versatile Solutions for Recreation and Work<\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">GARLAND, Texas<\/span><\/span>, <span class=\"legendSpanClass\">\u00a0Nov. 25, 2024<\/span> \/PRNewswire\/ &#8212; <b>Massimo Group<\/b>\u00a0(NASDAQ: MAMO) (&#8220;Massimo&#8221;), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new <b>MVR Series<\/b> electric carts, featuring the <b>MVR 2X Golf Cart<\/b> and the <b>MVR Cargo Max Utility Cart<\/b>. 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.<\/p>\n<p><span>With an extensive network of over 2,800 partners nationwide,\u00a0Massimo 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.\u00a0<\/span><\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2566208\/image_5030626_77662144.html\" target=\"_blank\" rel=\"nofollow\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2566208\/image_5030626_77662144.jpg?p=medium600\" title=\"\" alt=\"\" \/><\/a><br \/><span><\/span><\/p>\n<\/div>\n<p><b>MVR 2X Golf Cart: High-Tech and Versatile for Recreation <\/b><\/p>\n<p>The <b>Massimo Electric MVR 2X Golf Cart<\/b> is designed for families, golfers, and anyone in need of a premium, electric-powered transportation solution.<\/p>\n<p><b>Key Features of the MVR 2X Include:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Powerful 48V 5kW Motor:<\/b> Provides smooth, quiet performance for any terrain.<\/li>\n<li><b>12 Inches of Ground Clearance:<\/b>\u00a0Offers enhanced off-road capability.<\/li>\n<li><b>Oversized 23-Inch All-Terrain Tires:<\/b>\u00a0Navigates varying surfaces with ease.<\/li>\n<li><b>Convertible Rear-Facing Seat:<\/b> Maximizes passenger and cargo flexibility.<\/li>\n<li><b>Custom-Stitched Marine-Grade Vinyl Seats:<\/b>\u00a0Durable and comfortable for extended use.<\/li>\n<li><b>LEOCH Sealed AGM Batteries:<\/b> Offers extended range and minimal maintenance, with up to <b>45 miles per charge<\/b>.<\/li>\n<li><b>800-Pound Load Capacity:<\/b> Combines passenger and cargo functionality.<\/li>\n<li><b>Full LED Light Package and Rearview Camera:<\/b>\u00a0Enhances visibility and safety.<\/li>\n<\/ul>\n<p>The MVR 2X is a versatile option for golf courses, family neighborhoods, and properties where low-speed vehicles are permitted.<\/p>\n<p><b>MVR Cargo Max Utility Cart: Built for Tough Jobs<\/b><\/p>\n<p>The <b>Massimo Electric MVR Cargo Max<\/b> is the ultimate utility solution, tailored for groundskeepers, farms, and other commercial applications requiring heavy-duty performance.<\/p>\n<p><b>Key Features of the MVR Cargo Max Include:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Powerful 48V 5kW Motor:<\/b> Delivers robust power for demanding tasks.<\/li>\n<li><b>13+ Cubic Foot Hydraulic Dumping Cargo Bed:<\/b> Simplifies loading and unloading of bulky materials.<\/li>\n<li><b>Oversized 14-Inch Wheels:<\/b> Enhances traction and stability across rough terrain.<\/li>\n<li><b>1100-Pound Load Capacity:<\/b> Designed for larger and heavier cargo.<\/li>\n<li><b>Custom-Stitched Marine-Grade Vinyl Seats with Ergonomic Armrests:<\/b> Combines durability with operator comfort.<\/li>\n<li><b>LEOCH Sealed AGM Batteries:<\/b> Provides an extended range of up to <b>45 miles on a single charge<\/b>.<\/li>\n<\/ul>\n<p>The MVR Cargo Max is perfect for farms, ranches, and other environments where reliability and efficiency are essential.<\/p>\n<p><span>&#8220;The launch of our MVR Series highlights Massimo&#8217;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,&#8221; said David\u00a0Shan, Founder, Chairman &amp; CEO of Massimo. &#8220;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.&#8221;<\/span><\/p>\n<p><b>Strategic Positioning in a Growing Market<\/b><\/p>\n<p><span>The market for electric\u00a0LSVs is projected to grow significantly as consumers and businesses seek sustainable alternatives. Massimo&#8217;s extensive network of over 2,800 partner dealerships nationwide ensures broad accessibility for customers to learn more and purchase the MVR Series.<\/span><\/p>\n<p>With competitive pricing and advanced features, the MVR Series is poised to generate strong demand across key market segments, further cementing Massimo&#8217;s reputation as a leader in the powersports and utility vehicle industries.<\/p>\n<p><b>About Massimo Group <\/b><\/p>\n<p>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 <span>UTV&#8217;s<\/span>, off-road, and on-road vehicles in the industry. The company&#8217;s product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. <span class=\"xn-person\">Massimo Marine<\/span> 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. T<span>he company&#8217;s<\/span> 376,000 square foot factory is in the heart of the <span class=\"xn-location\">Dallas \/ Fort Worth<\/span> area of <span class=\"xn-location\">Texas<\/span> in the city of <span class=\"xn-location\">Garland<\/span>. For more information, visit <a href=\"https:\/\/www.massimomotor.com\/\" target=\"_blank\" rel=\"nofollow\">massimomotor.com<\/a> and <a href=\"https:\/\/www.massimomarine.com\/\" target=\"_blank\" rel=\"nofollow\">massimomarine.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>This press release contains statements that constitute &#8220;forward-looking statements,&#8221; 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 &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;target,&#8221; &#8220;potential,&#8221; &#8220;seek,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;continue,&#8221; &#8220;contemplate,&#8221; &#8220;plan,&#8221; and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, <span>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 &#8220;Risk Factors&#8221; section of Massimo&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2023<\/span>, as updated by Massimo&#8217;s subsequent filings, with the SEC. Copies are available on the SEC&#8217;s website<\/span>,\u00a0<a href=\"http:\/\/www.sec.gov\/\" target=\"_blank\" rel=\"nofollow\">www.sec.gov<\/a>. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p><b>Company<br \/><\/b>Dr. <span class=\"xn-person\">Yunhao Chen<\/span><br \/>Chief Financial Officer<br \/>Massimo Group<br \/><a href=\"mailto:ir@massimomotor.com\" target=\"_blank\" rel=\"nofollow\">ir@massimomotor.com<\/a><\/p>\n<p><b>Investor Relations<\/b>\u00a0<br \/>Chris Tyson\u00a0<br \/>Executive Vice President <br \/>MZ North America<br \/>Direct: 949-491-8235<br \/><a href=\"mailto:MAMO@mzgroup.us\" target=\"_blank\" rel=\"nofollow\">MAMO@mzgroup.us<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2376863\/Massimo_Group_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"prntac\"><i>Industry-Leading Features Tailored to Meet the Increasing Demand for Eco-Friendly, Versatile Solutions for Recreation and Work<\/i><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">GARLAND, Texas<\/span><\/span>, <span class=\"legendSpanClass\">\u00a0Nov. 25, 2024<\/span> \/PRNewswire\/ &#8212; <b>Massimo Group<\/b>\u00a0(NASDAQ: MAMO) (&#8220;Massimo&#8221;), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new <b>MVR Series<\/b> electric carts, featuring the <b>MVR 2X Golf Cart<\/b> and the <b>MVR Cargo Max Utility Cart<\/b>. 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.<\/p>\n<p><span>With an extensive network of over 2,800 partners nationwide,\u00a0Massimo 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.\u00a0<\/span><\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2566208\/image_5030626_77662144.html\" target=\"_blank\" rel=\"nofollow\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2566208\/image_5030626_77662144.jpg?p=medium600\" title=\"\" alt=\"\" \/><\/a><br \/><span><\/span><\/p>\n<\/div>\n<p><b>MVR 2X Golf Cart: High-Tech and Versatile for Recreation <\/b><\/p>\n<p>The <b>Massimo Electric MVR 2X Golf Cart<\/b> is designed for families, golfers, and anyone in need of a premium, electric-powered transportation solution.<\/p>\n<p><b>Key Features of the MVR 2X Include:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Powerful 48V 5kW Motor:<\/b> Provides smooth, quiet performance for any terrain.<\/li>\n<li><b>12 Inches of Ground Clearance:<\/b>\u00a0Offers enhanced off-road capability.<\/li>\n<li><b>Oversized 23-Inch All-Terrain Tires:<\/b>\u00a0Navigates varying surfaces with ease.<\/li>\n<li><b>Convertible Rear-Facing Seat:<\/b> Maximizes passenger and cargo flexibility.<\/li>\n<li><b>Custom-Stitched Marine-Grade Vinyl Seats:<\/b>\u00a0Durable and comfortable for extended use.<\/li>\n<li><b>LEOCH Sealed AGM Batteries:<\/b> Offers extended range and minimal maintenance, with up to <b>45 miles per charge<\/b>.<\/li>\n<li><b>800-Pound Load Capacity:<\/b> Combines passenger and cargo functionality.<\/li>\n<li><b>Full LED Light Package and Rearview Camera:<\/b>\u00a0Enhances visibility and safety.<\/li>\n<\/ul>\n<p>The MVR 2X is a versatile option for golf courses, family neighborhoods, and properties where low-speed vehicles are permitted.<\/p>\n<p><b>MVR Cargo Max Utility Cart: Built for Tough Jobs<\/b><\/p>\n<p>The <b>Massimo Electric MVR Cargo Max<\/b> is the ultimate utility solution, tailored for groundskeepers, farms, and other commercial applications requiring heavy-duty performance.<\/p>\n<p><b>Key Features of the MVR Cargo Max Include:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Powerful 48V 5kW Motor:<\/b> Delivers robust power for demanding tasks.<\/li>\n<li><b>13+ Cubic Foot Hydraulic Dumping Cargo Bed:<\/b> Simplifies loading and unloading of bulky materials.<\/li>\n<li><b>Oversized 14-Inch Wheels:<\/b> Enhances traction and stability across rough terrain.<\/li>\n<li><b>1100-Pound Load Capacity:<\/b> Designed for larger and heavier cargo.<\/li>\n<li><b>Custom-Stitched Marine-Grade Vinyl Seats with Ergonomic Armrests:<\/b> Combines durability with operator comfort.<\/li>\n<li><b>LEOCH Sealed AGM Batteries:<\/b> Provides an extended range of up to <b>45 miles on a single charge<\/b>.<\/li>\n<\/ul>\n<p>The MVR Cargo Max is perfect for farms, ranches, and other environments where reliability and efficiency are essential.<\/p>\n<p><span>&#8220;The launch of our MVR Series highlights Massimo&#8217;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,&#8221; said David\u00a0Shan, Founder, Chairman &amp; CEO of Massimo. &#8220;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.&#8221;<\/span><\/p>\n<p><b>Strategic Positioning in a Growing Market<\/b><\/p>\n<p><span>The market for electric\u00a0LSVs is projected to grow significantly as consumers and businesses seek sustainable alternatives. Massimo&#8217;s extensive network of over 2,800 partner dealerships nationwide ensures broad accessibility for customers to learn more and purchase the MVR Series.<\/span><\/p>\n<p>With competitive pricing and advanced features, the MVR Series is poised to generate strong demand across key market segments, further cementing Massimo&#8217;s reputation as a leader in the powersports and utility vehicle industries.<\/p>\n<p><b>About Massimo Group <\/b><\/p>\n<p>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 <span>UTV&#8217;s<\/span>, off-road, and on-road vehicles in the industry. The company&#8217;s product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. <span class=\"xn-person\">Massimo Marine<\/span> 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. T<span>he company&#8217;s<\/span> 376,000 square foot factory is in the heart of the <span class=\"xn-location\">Dallas \/ Fort Worth<\/span> area of <span class=\"xn-location\">Texas<\/span> in the city of <span class=\"xn-location\">Garland<\/span>. For more information, visit <a href=\"https:\/\/www.massimomotor.com\/\" target=\"_blank\" rel=\"nofollow\">massimomotor.com<\/a> and <a href=\"https:\/\/www.massimomarine.com\/\" target=\"_blank\" rel=\"nofollow\">massimomarine.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>This press release contains statements that constitute &#8220;forward-looking statements,&#8221; 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 &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;target,&#8221; &#8220;potential,&#8221; &#8220;seek,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;continue,&#8221; &#8220;contemplate,&#8221; &#8220;plan,&#8221; and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, <span>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 &#8220;Risk Factors&#8221; section of Massimo&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2023<\/span>, as updated by Massimo&#8217;s subsequent filings, with the SEC. Copies are available on the SEC&#8217;s website<\/span>,\u00a0<a href=\"http:\/\/www.sec.gov\/\" target=\"_blank\" rel=\"nofollow\">www.sec.gov<\/a>. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n<p><b>Company<br \/><\/b>Dr. <span class=\"xn-person\">Yunhao Chen<\/span><br \/>Chief Financial Officer<br \/>Massimo Group<br \/><a href=\"mailto:ir@massimomotor.com\" target=\"_blank\" rel=\"nofollow\">ir@massimomotor.com<\/a><\/p>\n<p><b>Investor Relations<\/b>\u00a0<br \/>Chris Tyson\u00a0<br \/>Executive Vice President <br \/>MZ North America<br \/>Direct: 949-491-8235<br \/><a href=\"mailto:MAMO@mzgroup.us\" target=\"_blank\" rel=\"nofollow\">MAMO@mzgroup.us<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\">\n<\/div>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-13582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/13582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13582"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/13582\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}