Taiga Motors and FreedomRoad Financial Announce Strategic Retail Financing Partnership for US Dealers

MONTREAL, CANADA – June 27, 2024 – (Motor Sports NewsWire) – Taiga Motors Corporation (TSX: TAIG) (“Taiga” or the “Company”), the global leading electric powersports vehicle manufacturer, is thrilled to announce a strategic partnership with FreedomRoad Financial. (“FreedomRoad”). Starting this week, US Dealers will have access to innovative and flexible financing options for Taiga’s complete range of fully electric snowmobiles and personal watercraft (PWC).

“Our vision has always been to make sustainable exploration more accessible than ever”, explained Samuel Bruneau, Taiga’s CEO and co-founder. “We are very excited to establish a strong partnership with FreedomRoad to provide instant financing that allows powersports enthusiasts the opportunity to experience all the fun and benefits of electric powersports vehicles. FreedomRoad has a reputation for exceptional client service, something that’s very important for all of us here at Taiga”, he added.

FreedomRoad is a subsidiary of Evergreen Bank Group, and is a leader in powersports vehicle financing across the United States. FreedomRoad has full credit spectrum programs in the US covering powersports dealerships nationally.

“FreedomRoad looks forward to supporting Taiga in its mission to electrify the powersports industry, creating innovative products for consumers to experience the benefits of EV technology on the trails and in the water.  FreedomRoad supports the adoption of EV’s and is excited to support Taiga in the US market”, Jerry Miceli, Vice President, Dealer Relations at FreedomRoad Financial.

Going EV: The changing face of powersports.  

Taiga is a pioneer in the challenging powersports off-road vehicle segments, offering the first mass-produced fully electric snowmobiles and personal watercraft. These purpose-built electric vehicles deliver high performance with zero engine noise, zero emissions, and incredible performance and fun. Essentially maintenance-free powertrains, customizable riding settings, and hyper-precise throttle controls, Taiga’s OrcaTM personal watercraft and NomadTM snowmobiles provide cost-effective thrills for outdoor enthusiasts, setting a high-standard for all powersports vehicles. For more information, visit www.taigamotors.com

About FreedomRoad Financial

FreedomRoad Financial is one of the national lending arms of Evergreen Bank Group (the “Bank”), an Illinois-chartered community bank wholly owned by  Bancorp Financial, Inc., a Delaware corporation (the “Company”). The Bank was formed in 1999 and became a subsidiary of the Company as a result of a merger transaction during 2007. The Bank is headquartered in Oak Brook, Illinois. For more information about FreedomRoad Financial, visit www.FRF1.com.

About Taiga

Taiga (TSX: TAIG) is a Canadian company reinventing the powersports experience with revolutionary electric powersports 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 product lineup currently includes 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 securities laws. Forward-looking statements generally, but not always, can be identified using forward-looking terminology such as “outlook”, “objective”, “may”, “could”, “would”, “will”, “expect”, “intend”, “estimate”, “forecasts”, “project”, “seek”, “anticipate”, “believes”, “should”, “plans” or “continue”, or similar expressions suggesting future outcomes or events and the negative of any of these terms. Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond the Company’s control, that 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, but are not limited to, those described in the Company’s management’s discussion and analysis for the three and six-month periods ended June 30, 2023, and under the “Risk Factors” section of the Company’s annual information form filed on March 30, 2023, available on the Company’s SEDAR profile at www.sedarplus.ca.

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 forward-looking statements included in this news release are qualified by these cautionary statements. Unless otherwise indicated, the forward-looking statements contained herein are made as of the date of this news release, and except as required by applicable law, Taiga does not undertake any obligation to publicly update or revise any forward-looking statement, whether because of added information, future events or otherwise.

Source: Taiga Motors Corporation

Taiga Motors Logo (CNW Group/Taiga Motors Corporation)


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