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Polaris Celebrates the Launch of a First-of-its-Kind Off-Road Electric Charging Network for Outdoor Enthusiasts in Michigan’s Upper Peninsula

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Polaris Adventures Outfitter is first in the nation to offer rentals with the all-electric RANGER XP Kinetic

MINNEAPOLIS, June 7, 2024 /PRNewswire/ — Polaris Inc. (NYSE: PII) and the Michigan Economic Development Corporation (MEDC) celebrated the launch and grand opening of an electric off-road vehicle charging network in Michigan’s Upper Peninsula. Just under a year after Polaris received a Mobility Public-Private Partnership & Programming (MP4) grant through Michigan Office of Future Mobility & Electrification’s (OFME) program to develop and maintain an off-road trail charging network in Michigan’s Upper Peninsula, the off-road charging network is officially open. This first-of-its-kind off-road electric charging network supports around 100 miles of scenic off-road trails in the Upper Peninsula.

Polaris and the MEDC launched an electric off-road charging network in Michigan’s Upper Peninsula.

“It is an honor to mark the opening of this unique off-road electric charging network developed in partnership with the State of Michigan and the local communities along this trail system. Polaris and Michigan are connected in our efforts to bring exciting innovation and the latest technology to outdoor recreation,” said Andrew Chasse, vice president of Strategy and Partnerships, Polaris. “I’d like to thank the Michigan Economic Development Corporation in particular for allowing Polaris the opportunity to play a role in such an important initiative for the state and this standout milestone for the powersports industry.”   

“Michigan is known as a Make-It State, leveraging our incredible talent pool that brings together innovation, grit, determination, and visionary products of the future,” said Justine Johnson, State of Michigan Chief Mobility Officer. “Working in tandem with Polaris to launch an electric off-road vehicle charging network in the Upper Peninsula, exemplifies how working through public private partnerships bring ideation to fruition in every corner of Michigan.  We applaud Polaris’s effort to support the growth of a reliable EV charging infrastructure in one of Michigan’s favorite ORV riding destinations.”

Michigan’s MP4 grant supports the modernization of the state’s mobility offerings and its massive outdoor recreation industry as it transitions to more electric and technology-enabled vehicles. In June 2023, Polaris announced it had been selected to receive a $700,000 grant to develop and maintain an off-road trail charging network in Michigan’s Upper Peninsula. Free to use, the EV charging stations enable the use of various electric off-road vehicles or other trails-approved electric options on the public trail system. There are four installed electric vehicle charging stations on state-designated ORV trails in the woods of Ontonagon County. The four chargers are deployed in Ontonagon, White Pine, Bergland and Greenland.

Polaris partnered with Texas-based Yotta Energy, a leader in renewable energy storage, to provide the charging hardware. Yotta’s REV charging station is an integrated, scalable EV charging solution that includes solar production capacity and 120kWh of onboard energy storage. The solution can be grid-connected or operate completely off-grid making them suitable for use in remote areas and urban locations alike.

Launch of Nation’s First All-Electric RANGER XP Kinetic Rental Experience

With the development of this off-road EV charging network, Polaris also announced that local Polaris Adventures Outfitter, Hamilton’s North Coast Adventures near Ontonagon, Mich., is the first in the country to offer a rental fleet of Polaris’ all-electric off-road vehicle, the RANGER XP Kinetic. Rentals of the RANGER XP Kinetic started recently, giving Polaris Adventures customers the opportunity to explore the beauty of Michigan’s western Upper Peninsula’s most famous trail – The Pioneer ORV Trail – in one of the newest electric off-road vehicles and use the new off-road charging network. 

“Polaris Adventures was started with the goal of helping more people experience powersports and discover new ways to enjoy the outdoors, and this launch of our first electric off-road vehicle rental experience in the country will continue to do just that,” said Gray Rentz, vice president of Polaris Experience, Polaris.

Polaris’ Efforts to Bring Electric Technology to Powersports

From acceleration and control to quieter operations and zero emissions, there are benefits to electric powertrain technology within the powersports industry. Since the launch of its all-electric RANGER XP Kinetic utility side-by-side in 2023, Polaris has been leveraging electric technology to deliver leading performance capabilities and an unparalleled experience for off-road riders.

“Our approach to electrification remains centered around understanding where we can best incorporate EV technology to enhance the riding experience and provide an incredible offering to customers. For utility customers, we’ve shown how electric technology can help us build one of the best utility off-road side-by-sides on the market, while data and insights from this effort in Michigan can help us refine our view on opportunities within the recreation off-road space,” Chasse continued.

Looking more broadly, Polaris is focused on testing electric prototypes across its product platforms and will commercialize purposefully where electrification improves the customer experience.

About Polaris

As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris’ high-quality product line-up includes the RANGER, RZR, Polaris XPEDITION, and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Headquartered in Minnesota, Polaris serves nearly 100 countries across the globe. www.polaris.com

About Michigan Economic Development Corporation (MEDC)

The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.

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SOURCE Polaris Inc.

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NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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January 10, 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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51 minutes ago

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January 10, 2025

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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51 minutes ago

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January 10, 2025

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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