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TAIGA • Taiga Announces Third Quarter 2021 Results Accelerated product demand with pre - order book increasing 111 % to 2,632 units pre - ordered¹ as of October 31 , 2021 compared to 1,246 at start of 2021. Continued demand for electrification with 130 multi - unit orders from global commercial operators enrolled in Taiga's fleet program . • Strong unlevered balance sheet with $ 110 million of cash and cash equivalents as at September 30 , 2021. At this stage , the Company has sufficient cash resources to commence production and does not anticipate any further equity financing for the foreseeable future . • Appointed a new CFO , Eric Bussières , who will take the place of Mark Orsmond effective on November 15 , 2021 , with a transition period until November 30 , 2021 . • Began installations of first Taiga off - road charging network stations with 1,100 locations planned across North America by 2025 , enabling 75,000 km of electrified trails . MONTREAL , Québec - November 12 , 2021 - Taiga Motors Corporation ( TSX : TAIG ) ( " Taiga " or the " Company " ) , a leading electric off - road vehicle manufacturer , today reported its financial and operating results for the third quarter that ended on September 30 , 2021 . Management Commentary " The third quarter marked another strong step forward as we achieved important program milestones for our watercraft and snowmobile platforms with the goal of beginning initial customer deliveries in the coming months , " said Taiga CEO Sam Bruneau . " In September , we began events for reservation holders and media that gave them a chance to drive the first Orca Carbon pilot units off the line . The positive feedback we received suggests that we are well on our way to re - defining the powersports industry . " " The engineering teams have been hard at work navigating the challenges associated with global supply shortages , and we have managed to further innovate through this difficult period . We have introduced proactive enhancements to our software platform enabling us to rapidly deploy new electronic designs in a highly hardware - abstracted environment . Upwards of 20 printed circuit board re - designs towards long term component availability were made during this quarter alone , confirming the speed at which impactful re - designs can be implemented thus giving us a competitive edge at deploying new innovations as we scale . " " Our focus remains on three key areas of the business including innovating product & manufacturing , continuing to build a world - class team to deliver on our ambitious roadmap , and growing worldwide pre - orders . The recently announced launch of our North American charging network and the ongoing work to build our new production facility are prime examples of this plan in action . The future of off- road is electric , and the work we're doing today directly supports our mission to accelerate no- compromise access to the outdoors for all . " Third Quarter Financial Results ( All amounts in Canadian dollars unless otherwise indicated ) Results compare 2021 third quarter ( September 30 , 2021 ) to 2020 third quarter ( September 30 , 2020 ) unless otherwise indicated . 1 Pre - orders for new Taiga vehicles are cancelable and the deposit fully refundable , and there can be no assurance that such pre - orders will be converted into sales .