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GARLAND, Texas - Massimo Group (NASDAQ:MAMO), a $119.5 million market cap powersports manufacturer with annual revenue of $79.5 million, announced on Tuesday the launch of its 2026 MVR Series featuring fully enclosed electric carts with integrated heating and air conditioning systems. According to InvestingPro data, the company has shown strong momentum with an 11.7% gain year-to-date, despite facing profitability challenges in recent quarters.
The new lineup includes the MVR HVAC Golf Cart and MVR Cargo Max Electric Utility Cart, which the company describes as the first fully enclosed electric carts in their class to come standard with climate control features.
The vehicles are built on a 48V electrical platform with a 5kW AC electric motor delivering 6.7 HP and 19 ft-lbs of torque. According to the company, the carts can travel up to 45 miles per charge with a 6-hour full recharge time and reach speeds of up to 25 mph.
The integrated HVAC system offers cooling capacity up to 2,600W and heating at 1,000W with multiple operational modes that can be adjusted via onboard controls or remote operation.
"These vehicles mark a major advancement for both recreational users and work fleets," said David Shan, CEO of Massimo Group, in the press release.
The MVR HVAC Golf Cart targets recreational users, while the MVR Cargo Max is designed for utility applications such as maintenance, construction, and security operations.
The company states the enclosed cabin design protects riders from weather conditions while providing a safer work environment compared to standard open-air carts.
Massimo Group, headquartered in Texas, manufactures and distributes powersports products including UTVs, ATVs, and mini bikes.
In other recent news, Massimo Group has integrated Anthropic’s Claude AI into its Oracle NetSuite enterprise resource planning systems, aiming to streamline workflows and enhance decision-making across various departments. This integration is part of the company’s efforts to optimize collaboration in sales, supply chain, finance, marketing, and customer service operations. Additionally, Massimo Group has completed sales and product training with the nation’s largest farm and ranch retailer, reinforcing their strategic partnership. The company’s products are currently available in over 1,200 locations, with plans to expand into more than 100 additional stores soon. In another development, Massimo Motor, a subsidiary of Massimo Group, has secured licensing to begin sales in Oregon and Arkansas, adding over 100 new retail locations to its distribution network. Massimo Group is also expanding its production capabilities by receiving shipments of new six-seater golf carts from a manufacturing partner in Vietnam. This move is part of a supply-chain diversification strategy aimed at improving cost efficiency and quality control. These developments reflect Massimo Group’s ongoing efforts to expand its market presence and optimize its operations.
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