- TUGA Innovations, Inc. (TUGA) has filed an expandable chassis patent
- The company’s expanding length vehicle chassis system offers a unique backwards movement of the rear part of the vehicle chassis to enable improved passenger entry and exit
- The TUGA aims to give the comforts of a car with more protection than a motorcycle
- TUGA Innovations is a development-stage electric vehicle company undertaking the conception, design, and production of specialized electric vehicles
- TUGA Innovations, Inc. (TUGA) opened trading at $0.63 per share
TUGA Innovations, (TUGA) has filed a U.S. provisional patent application for a new approach to fore-and-aft seating comfort.
The company’s expanding length vehicle chassis (ELVC) system is designed to offer a unique backwards movement of the rear part of the vehicle chassis to enable improved passenger entry and exit.
TUGA proposes to integrate the ELVC system into the TUGA, a three-wheeled, fully electric fore-and-aft 2-seat vehicle that is being developed by the company. The vehicle is no wider than a motorcycle for agility and has a patent-pending expanding rear axle for stability at higher speeds.
The TUGA is designed to deliver a 160 km range with a proposed top speed of 140km/hour and aims to give the comforts of a car with more protection than a motorcycle.
“The interchangeable multi-body, multi-function platform also aims to incorporate advanced connectivity technology to maximize safety and performance, supervise environmental considerations, improve overall comfort and ride, manage maintenance schedules, and introduce assistive semi-autonomous navigation,” John Hagie, CEO of TUGA, explained.
“Innovation is at the heart of our company, and we aim to add value by promoting creative thinking and by aggressively protecting our Intellectual Property,” he added.
TUGA Innovations is a development-stage electric vehicle company undertaking the conception, design, and production of specialized EVs to improve the urban mobility experience.
Shares of TUGA Innovations (TUGA) opened trading at $0.63.
