Shares of Volcon, Inc. (VLCN) are climbing more than 10% in the morning trade on Monday after the powersports company said orders for its electric off-road motorcycle has reached $1.7 million.
As of September 30, 2021, customers have made refundable deposits to reserve 708 Grunts, which if converted to a sale, would bring in revenue of $4.2 million, the company said. 277 more customers have made fully-paid orders, that could fetch revenue of about $1.7 million.
The company had commenced to carry out delivery of Grunt, which was launched in late 2020, across the U.S. and Latin America in September.
Further, the company said it plans to start rolling out of nationwide dealership network in the fourth quarter of this year.
VLCN, currently at $10.05, has traded in the range of $7.12- $15.50 in the past 52 weeks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.