Volcon ePowersports has announced a major business development with Venom-EV LLC placing an order for 500 golf carts. This order signals Volcon's strategic movement into the golf cart sector, broadening its product offerings and market reach as reported by Volcon's official site.
In addition to the new product order, Volcon's Board of Directors has approved a share repurchase program. This initiative permits the company to buy back up to $2 million worth of its common stock by March 7, 2026. This move demonstrates the board's confidence in the company's direction and future potential.
These developments are part of Volcon's broader strategy to diversify its business and deliver greater value to shareholders. By entering new markets and reaffirming commitment to its investors, Volcon is positioning itself for sustained growth and stability.