Club Car LAUNCHES NEW EU STREET LEGAL UTILITY VEHICLE

(Dublin, Ireland - October 6, 2022) – Club Car, a world-leading manufacturer of small-wheel, zero-emissions electric vehicles, today unveiled its new homologated vehicle, the Club Car Urban N1.

The new Urban N1 expands Club Car’s leading electric vehicle portfolio, which has been prominent in commercial markets for decades. Featuring an ergonomic design, superior handling, 1-ton load capacity and quick acceleration with a top speed of 55 kilometers per hour, the new Club Car Urban N1 is the perfect utility vehicle solution.

“The launch of our new Club Car Urban N1 is an exciting step forward in the European utility market where demand for sustainable transportation has been growing,” said Mark Wagner, President of Club Car. “The Urban N1 is ideally suited to satisfy the large municipal and commercial demand for a wide range of uses and applications. With Club Car’s more than 60 years of innovation and reputation for high-quality vehicles, our customers will benefit from a safe, 100 % electric and low-cost solution to industrial and commercial on-road transportation.”

In addition to the versatility of configurations available, one of the many benefits of the Club Car Urban is the low operational costs. The innovative lithium battery technology enables fast and efficient charging, reducing operating expenses. On top of operational savings, the N1 may be eligible for further cost savings through electric vehicle tax rebates. The vehicle also sets the standard for safety in its class, with customers benefitting from its automotive-grade safety features and extensive testing process.

Marco Natale, Vice President of EMEA at Club Car, said: “Our new Club Car Urban N1 will be transformational in cities and tourist destinations across EMEA. The compact cargo design offers easy access to tight spaces, narrow roads, and the ability to drive in and around landmarks, parks, hotels and events. Our customers in Europe and beyond can now take advantage of the many benefits of operating a street-legal, zero-emission, low-cost fleet.”

Visitors to the 2022 Salonvert in Saint-Chéron, France, were given a preview of the Club Car Urban N1 that was on display during the country’s leading fair for green spaces and landscapes.

Following the acquisition of Garia and Melex in early 2022, Club Car has been steadily growing its line of compact vehicles for utility applications, including public sector, facility management, leisure and outdoor and last-mile delivery.

The Club Car Urban N1 will be available across the EU through Club Car’s broad commercial dealer network, providing customers with an exceptional Club Car experience.

While the Club Car Urban N1 will primarily be focused on European markets, Club Car will communicate plans for additional market introductions in the immediate future.

Full details are available on the new website www.clubcarurban.com.

 
Club Car Urban N1 Street Legal Utility Vehicle for EU

About Club Car
With over 60 years of experience of innovation and design in producing small-wheel vehicles, Club Car is a leading manufacturer of gas and electric golf, utility and personal transportation vehicles. Founded in 1958, the Club Car product portfolio has grown to include much more than golf cars, now encompassing vehicles for commercial and consumer markets, built with an uncompromised desire for superior performance. As an industry leader in electrification and sustainability, Club Car is proud to be on the forefront of environmentally responsible Zero Emission Vehicle (ZEV) technologies.

About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $36 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 27 years Platinum Equity has completed more than 350 acquisitions.