Taiga Enables Groundbreaking Long Distance Electric Snowmobile Riding Capabilities with Fast Charging Software Beta Release

230301 Nomad™ Electric Snowmobiles by Taiga [678]

The fast charging rate enables full day rides over 300 km, with
charging speeds of 0-80% State of Charge in 30 minutes

MONTREAL, CANADA – March 1, 2023 – (Motor Sports NewsWire)- Taiga Motors Corporation (“Taiga” or the “Company”) (TSX: TAIG), a leading electric off-road vehicle manufacturer, announced today that it is releasing an over-the-air (OTA) Taiga OS software update to enable DC Fast Charging (DCFC) capabilities to existing battery hardware, permitting charge times of up to 0-80% in 30 minutes.

“Introducing the fastest charging option available on the market to our already industry-leading range of up to 100 kilometers1 is a game changer for our customers, and to Taiga’s mission of accelerating powersports electrification,” said Sam Bruneau, CEO at Taiga. “It’s ideal for traveling extended distances, requiring only a short stop for coffee or lunch along the way – unlocking great adventures without emissions and significant cost savings on fuel.”

1 Specifications are given for informational purpose only based on Taiga’s testing. Metrics may vary based on the environment terrain, weather conditions, local regulations and final build of the ordered product.

Nomad™ Electric Snowmobile (CNW Group/Taiga Motors Corporation)

In Quebec, where Taiga is based, an estimated 5,000 kilometers of the province’s more than 30,000-kilometer trail network are accessible on an electric snowmobile. These new DCFC capabilities mean faster charging for more time riding. Owners can simply plug into Taiga chargers, or standard automotive DCFC stations, using the already equipped CSS1 combo connector port used across North America. Nomad™ snowmobile owners will receive a Taiga OS update enabling DCFC by accepting a prompt on the vehicle’s digital display.

“We are excited to roll out the DC Fast Charging feature via an over-the-air Taiga OS update, showcasing our future-proof hardware design ethos, enabling continuous product improvements even after customer have taken ownership of their vehicle,” said Gabriel Bernatchez, Chief Technology Officer at Taiga. “This Beta roll out will allow our early adopters to experience nature further in our shared pursuit of electrification across powersports.”

Taiga was recently named one of TIME’s Best Inventions of 2022Fast Company’s 2022 Best World Changing Idea Overall in North America, and Popular Science 2022 Best of What’s New.

About Taiga

A Canadian company reinventing the powersports landscape with breakthrough electric off-road vehicles. Through a clean-sheet engineering approach, Taiga has pushed the frontiers of electric technology to achieve extreme power-to-weight ratios and thermal specifications required to outperform comparable high-performance combustion powersports vehicles. The first models released include a lineup of electric snowmobiles and personal watercraft to deliver on a rapidly growing demand from recreational and commercial customers who are seeking better ways to explore the great outdoors without compromise. For more information visit www.taigamotors.com.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to the anticipated performance of customer experiences, the ability to advance the Fast Charging Capabilities in a measured manner and the associated benefits in respect thereof.

This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, and “continue”, as well as the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information is provided for the purposes of assisting the reader in understanding the Company and its business, operations, prospects and risks at a point in time in the context of historical and possible future developments and therefore the reader is cautioned that such information may not be appropriate for other purposes.

Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those that are disclosed in, or implied by, such forward-looking information. These risks and uncertainties include those described in the Company’s management’s discussion and analysis for the three and nine-month periods ended September 30, 2022, and under the “Risk Factors” section of the Company’s annual information form filed on March 28, 2022 on the Company’s SEDAR profile at sedar.com . Forward-looking statements reflect management’s current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements.

All of the forward-looking information contained in this press release is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Source: Taiga Motors Corporation

Taiga Motors Logo (CNW Group/Taiga Motors Corporation)