Massimo Group (NASDAQ: MAMO) (“Massimo”), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new MVR Series electric carts, featuring the MVR 2X Golf Cart and the MVR Cargo Max Utility Cart. These high-performance electric vehicles are tailored to meet the increasing demand for low-speed electric vehicles (LSVs) that offer versatility for both recreational and professional use.

With an extensive network of over 2,800 partners nationwide, Massimo believes it is well-positioned to capture a significant share of this rapidly growing market. Both the MVR 2X and MVR Cargo Max deliver advanced features, cutting-edge performance, and unmatched versatility, aligning with consumer demand for eco-friendly, multifunctional vehicles.

MVR 2X Golf Cart: High-Tech and Versatile for RecreationThe Massimo Electric MVR 2X Golf Cart is designed for families, golfers, and anyone in need of a premium, electric-powered transportation solution.

Key Features of the MVR 2X Include:

Powerful 48V 5kW Motor: Provides smooth, quiet performance for any terrain.12 Inches of Ground Clearance: Offers enhanced off-road capability.

Oversized 23-Inch All-Terrain Tires: Navigates varying surfaces with ease.Convertible Rear-Facing Seat: Maximizes passenger and cargo flexibility.

Custom-Stitched Marine-Grade Vinyl Seats: Durable and comfortable for extended use.

LEOCH Sealed AGM Batteries: Offers extended range and minimal maintenance, with up to 45 miles per charge.

800-Pound Load Capacity: Combines passenger and cargo functionality.

Full LED Light Package and Rearview Camera: Enhances visibility and safety.

The MVR 2X is a versatile option for golf courses, family neighborhoods, and properties where low-speed vehicles are permitted.

MVR Cargo Max Utility Cart: Built for Tough Jobs

The Massimo Electric MVR Cargo Max is the ultimate utility solution, tailored for groundskeepers, farms, and other commercial applications requiring heavy-duty performance.

Key Features of the MVR Cargo Max Include:

Powerful 48V 5kW Motor: Delivers robust power for demanding tasks.13+ Cubic Foot Hydraulic Dumping Cargo Bed: Simplifies loading and unloading of bulky materials.

Oversized 14-Inch Wheels: Enhances traction and stability across rough terrain.1100-Pound Load Capacity: Designed for larger and heavier cargo.

Custom-Stitched Marine-Grade Vinyl Seats with Ergonomic Armrests: Combines durability with operator comfort.

LEOCH Sealed AGM Batteries: Provides an extended range of up to 45 miles on a single charge.

The MVR Cargo Max is perfect for farms, ranches, and other environments where reliability and efficiency are essential.

“The launch of our MVR Series highlights Massimo’s commitment to innovation and customer-focused design. We believe these electric vehicles meet the growing demand for eco-friendly, versatile solutions for recreation and work,” said David Shan, Founder, Chairman & CEO of Massimo. “With industry-leading features and a competitive price point, we expect that the MVR 2X and MVR Cargo Max will provide us a strong position in the expanding low-speed electric vehicle market. We believe this strategic product launch will drive significant growth and enhance shareholder value.”

Strategic Positioning in a Growing Market

The market for electric LSVs is projected to grow significantly as consumers and businesses seek sustainable alternatives. Massimo’s extensive network of over 2,800 partner dealerships nationwide ensures broad accessibility for customers to learn more and purchase the MVR Series.

With competitive pricing and advanced features, the MVR Series is poised to generate strong demand across key market segments, further cementing Massimo’s reputation as a leader in the powersports and utility vehicle industries.