Forza X1, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Joseph Visconti
- Full Time Employees
- 10
- Sector
- Consumer Cyclical
- Industry
- Auto - Recreational Vehicles
- Address
- 3101 S US Highway 1 Fort Pierce FL United States of America 34982
- IPO Date
- Aug 12, 2022
- CIK
- 0001901305
- Website
- forzax1.com
- Similar Companies
- Business
- Forza X1, Inc. Forza X1, Inc. (FRZA) designs, develops, and manufactures fully integrated electric sport boats utilizing proprietary marine electric vehicle technology, including outboard electric motors, liquid-cooled drive trains, control systems, and catamaran hulls for reduced drag and extended runtime; the company offers two primary 24-foot models, the FX1 Dual Console and FX1 Center Console, along with the newer F-22 monohull boat featuring a top speed of 40 mph, 4-5 hour runtime at cruise speeds, JL Audio sound systems, Garmin-integrated 22-inch touch screen interfaces for motor performance, battery monitoring, geopositioning, autopilot, and telematics, plus amenities such as bow lounges, console storage, transom ladders, and fold-down aft benches. Forza X1 provides these products and related services—including buying, financing, delivery, servicing, and training—through a vertically integrated direct-to-consumer platform accessible via web and mobile applications. Incorporated in 2021 and headquartered in Fort Pierce, Florida, the company operates in the recreational vehicles segment of the consumer discretionary sector, primarily targeting U.S. boating enthusiasts and eco-conscious consumers seeking sustainable alternatives to fuel-powered vessels, with manufacturing facilities planned in locations such as Marion, North Carolina. As of November 26, 2024, Forza X1, Inc. functions as a wholly-owned subsidiary of Twin Vee Powercats Co. following the completion of an all-stock merger announced in 2023 and finalized by late 2024, which streamlined operations, eliminated funded debt, enhanced financial stability with over $1 per share in cash and $2 per share in net assets post-merger, and positioned Twin Vee's pre-closing shareholders to own approximately 64% of the combined entity while integrating Forza's electric boat expertise into broader power catamaran production.
Twin Vee PowerCats Co. Reports Third Quarter 2024 Results of Operations
Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies
Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Looming Votes of FRZA and VEEE
FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRZA and CFB on Behalf of Shareholders
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. – FRZA
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Forza X1, Inc. - FRZA
FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA
Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations
Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.
Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement
Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement
Forza X1, Inc. Announces Second Quarter 2024 Financial Results Call on August 14
Twin Vee PowerCats Co. Reports Results for First Quarter 2024 Operations
Forza X1, Inc. Reports Results for the Three Months Ended March 31, 2024
Forza X1, Inc. Announces First Quarter 2024 Financial Results Call on May 15
Twin Vee PowerCats Co. Reports 4% Increase in Revenue for the Year Ended December 31, 2023
Forza X1, Inc. Reports Results for the Year Ended December 31, 2023
Forza X1, Inc. Announces Year End 2023 Financial Results Call on March 26