- Taiga Motors is expanding into South America through an exclusive distribution agreement with Comfort Indústria E Comércio Ltda (Ventura) for a term of three years
- Ventura has been chosen as Taiga Motors’ exclusive distributor in countries such as Argentina, Chile and Paraguay for its Orca personal watercraft
- Ventura will purchase Taiga’s products for a minimum valuation of C$13.7 million in revenue
- Shares of Taiga Motors are up 5.10 per cent to C$1.03 as of 11:46 am ET
Taiga Motors (TSX:TAIG) is expanding into South America by way of an exclusive distribution agreement with Comfort Indústria E Comércio Ltda (Ventura) for a term of three years.
Ventura has been Brazil’s leading and most respected boat manufacturer since 1983, having delivered more than 20,000 boats ranging from 19 to 55 feet since then.
In a news release, Montreal-based Taiga Motors said the distribution includes countries such as Argentina, Chile and Paraguay for Taiga Motors’ Orca personal watercraft.
“Taiga continues to strategically expand its global business, and Brazil being one of the fastest growing marine markets in South America made perfect sense,” Rodrigo Arrambide, director of commercial strategy and operations at Taiga Motors, said in a statement. “This expansion in South America will also allow us to offset North American seasonality and further secure our Orca personal watercraft line as a year-round business.”
The Orca Performance is a battery and electric propulsion technology that is powered by the company’s sixth-generation integrated motor-inverter Tractive Unit. Through the unit, Orca Performance delivers greater efficiency with up to 120 kW of peak power and 170 Nm of torque, resulting in a top speed of 100 km/h.
Taiga Motors is reinventing the powersports landscape with electric off-road vehicles. Notably, it is focused on research and development, design, production, marketing and distribution of all-electric powersport vehicles.
Shares of Taiga Motors are up 5.10 per cent to C$1.03 as of 11:46 am ET.
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