Taiga Launches Revolutionary Off-Road Charging Network to Bolster Outdoor Exploration

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Oct 19, 2021, 06:00 ET

The charging network builds the foundation for sustainable off-road exploration

MONTREAL, Oct. 19, 2021 /PRNewswire/ - Taiga Motors Corporation ("Taiga") (TSX: TAIG), a leading manufacturer of electric off-road vehicles, today announced the deployment of its off-road charging network. Powered mostly by renewable energy, on-water charging installations have been completed in the first sites for Ontario and Quebec, with on-land electrification set to begin in Quebec in the near term. With thousands of charging stations targeted, exploring the great outdoors will become increasingly greener.

Level 2 off-road electric vehicle charger (CNW Group/Taiga Motors Corporation)

Taiga is aiming to unlock 75,000 km of off-road trails and waterways by 2025. Lake Simcoe, Ontario, featuring Level 2 charging, and Lake Memphremagog, Quebec, with Level 2 and 3 charging, have been deployed. An additional 1100 locations are targeted for electrification.

"With our off-road charging network, Taiga's paving the way for sustainable exploration expanding what has been possible to date," said Sam Bruneau, CEO, and co-founder of Taiga. "By leveraging evolving charging technologies, Taiga intends to harness renewable energy in hard-to-reach arctic-like locations, high mountain peaks, and undisturbed natural waterways, furthering our vision of unrestricted access to the outdoors."

Taiga vehicles can leverage existing charging infrastructure, using automotive-standard J1772/CCS combo connectors, shifting focus to areas yet to be electrified. The purpose of Taiga's off-road charging network is to enable the freedom of exploration and adventure for Taiga owners without detriment to the environment.

As Taiga continues to grow, it intends to expand the off-road charging network across Canada and the United States. To apply for Taiga's off-road charging network, visit taigamotors.ca/application/.

About Taiga
Taiga is 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 that 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 https://www.taigamotors.ca.

Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable securities laws, including statements with regards to the anticipated performance of the charging network, the ability to roll out additional off-road charging stations within the anticipated timeframe, the expected production times and customer demand for Taiga's products. Forward-looking statements generally, but not always, can be identified by the use of 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, the effective functioning of the configurator, further supply chain disruptions, and the impact of such disruptions on ability to fulfil orders, and those described under "Risk Factors" in the final non-offering prospectus dated March 26, 2021, of Taiga (formerly Canaccord Genuity Growth II Corp.).

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 as a result of new information, future events or otherwise.

SOURCE Taiga Motors Corporation