MONTREAL - Taiga Motors Corporation (TSX: TAIG), a Canadian manufacturer of electric off-road vehicles, has announced an exclusive distribution agreement with Comfort Indústria E Comércio Ltda ("Ventura") to bring its electric personal watercraft, the OrcaTM, to South America. The initial three-year contract with Ventura, a reputable boat manufacturer in Brazil, covers exclusive distribution rights in Brazil, Argentina, Chile, and Paraguay.
The agreement stipulates a minimum purchase value of CAD$13.7 million, with the potential for additional purchases that could bring the total contract value to CAD$25 million. Ventura, with 40 years of experience and a network of 90 dealerships, will introduce Taiga's Orca line to the South American market, which includes the Orca Performance model. This model is notable for its electric propulsion technology, offering up to 120 kW of peak power and 170 Nm of torque, capable of reaching speeds up to 100 km/h.
The information in this article is based on a press release statement from Taiga Motors Corporation.
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