TUGA Innovations, Inc. announced the commencement of strategic activities designed to advance a 24 to 36 month commercial go-to-market action plan. This proposed agenda aims to align all aspects of engineering development, prototype testing, regulatory approvals, software, and hardware integration in combination with advanced digital technologies, marketing, and sales efforts. TUGA Innovations has also committed to evaluating the concept of Mobility-As-A-Service ("MaaS") as a potential added-value feature for integration into the TUGA platform. The Company is also exploring the potential for added or enhanced benefits and features through the integration of augmented reality and virtual reality powered by artificial intelligence ("AI"). These features,
including tie-ins with Metaverse-based platforms have the potential to offer all new customer-centric vertical integration possibilities combining innovative vehicle features, ride hailing software platforms, new user applications and associated services. The TUGA fully electric fore-and-aft 2-seat vehicle aims to address the many challenges faced when driving in, between, and around urban centres and metropolitan areas. The vehicle is no wider than a motorcycle for agility and boasts a patent pending expanding rear axle for stability at higher speeds and a recently announced patent-pending expanding length vehicle chassis system offering a unique backwards movement of the rear part of the vehicle to enable improved passenger entry and exit. The
TUGA platform is designed to offer multiple body styles initially identified as the TUGA Commuter, TUGA Deliver and TUGA One concepts.