Electra Meccanica CEO Update – May

Finally, after years and years of planning, designing, building, organizing, and all the other things that go into an automotive launch, we will begin our first Vancouver area deliveries of our Electra Meccanica (EMV) SOLO!

We believe it is best to have the first group of cars close to our operations center so we can keep tabs on the vehicles and assure that our customer experience is everything it should be.  Our social media squad will also be kept busy with sightings and reactions to the various SOLO cars free-ranging in their natural habitat amongst traffic. Our SOLO reservation holders have been wonderfully supportive and patient as Henry Reisner and the team craft a car that will redefine how the world describes the word “automobile”. It’s a big job, and one that has been challenging and rewarding at the same time. We will keep everyone updated on the specific delivery dates, and customers will be contacted approximately 30 days prior to your delivery date.

For those who have yet to experience the SOLO, we are planning on having two “pre-production” SOLO cars available for a test drive experience close to our Vancouver-based production facility. This will be a good chance for our reservation holders who can make it in to have their first taste of actually driving the SOLO. My sales and marketing team will provide an exciting time for everyone (including the media guests) prior to taking the show on the road later this year. We’ll share photos and video on our website and social channels and we’ll also post an event schedule for the test drive road show, so stay tuned!

Our new Braid Street assembly facility open house in April was a big success, with guests joining us from all across North America. We should be able to produce up to ten SOLOs per month from this assembly line, and then replicate and scale up for the proper volumes we need to deliver the 500+ orders that we have on the books. I anticipate many, many more reservations coming from people who will be seeing our early adopters, advocates and owners — our SOLO pilots — enjoying your new rides. Our company’s success will ultimately be determined by our overall production volume within the next 12 months so I assure you we are working on some world-class plans for our current and future facilities!

This year’s Vancouver Auto Show was a big success for us with the media in attendance reporting that EMV “stole the show” with our exciting SOLO and SOLO R. On day 1 of the event, we also introduced our new all-electric convertible coupe called the Tofino. In less than a month after the reveal, we have almost 100 orders for this gorgeous and innovative sports car. The vehicle’s design and engineering team are progressing nicely and I hope to have something new to show you all by this September’s Vancouver Luxury and Supercar show, where we introduced the SOLO last year.

We have been running a path to complete our federal certification for the United States and Canada. The SOLO is scheduled to complete the required certification and compliance testing for US by the end of May. Following an additional 4 to 6 weeks of final compliance approval, we expect the vehicle to be certified for use nationwide. From there, we can begin expansion into U.S. markets with delivery of production-quality SOLOs. We can also begin with the implementation of SOLO intro stores in the US similar to those already established in the Vancouver area.

I hope you and your families are enjoying a pleasant spring, and getting ready to make the most of summer 2017. I’ll provide a further update again next month and don’t forget, we also have our regular live online updates at 6:00 PM PT on the first Monday of each month on our Facebook page. Details of that will continue to be emailed out to everyone as a reminder.

All the best,

 Jerry Kroll, CEO

Electra Meccanica Vehicles Corp.

jerry@electrameccanica.com

Electra Meccanica Reveals Two New Vehicles at 2017 Vancouver Auto Show

Company shows off images of the Tofino all-electric roadster and displays the race-prepped SOLO R performance vehicle

(VANCOUVER, B.C.) – March 28, 2017 – Vancouver’s Electra Meccanica Vehicles Corporation (EMV) revealed two new vehicles at the Vancouver Auto Show today. The first is a vehicle called the “Tofino.” The Tofino is an all-electric, two-seat roadster representing an evolution of the classic Intermeccanica Roadster, an example of which can be seen in the EMV show stand. The other reveal vehicle on display is called the SOLO R which is a high-performance version of the SOLO electric car which debuted in September. Visitors to the show, which is being held at the Vancouver Convention Center from March 28 through April 2, can also see and experience the ground-breaking 2017 SOLO all-electric commuter vehicle.

“We are very proud to showcase our company, along with a couple extremely exciting new vehicles at our hometown show,” states Mark West, President of Electra Meccanica. “The passion behind these cars are a massive step-forward for our brand and they represent the best of what we can achieve from a performance standpoint. Vancouver auto show attendees and others around the world will not be disappointed.”

Designed by a world-class coach-building team from Intermeccanica with an all-electric drivetrain, the Tofino will provide a spirited and powerful driving experience. The vehicle will be hand-crafted with an evolutionary design nod to the popular Intermeccanica Roadster. In short, the Tofino will give you a classic car look with the technology from today. The electric custom coach sports car will be made with advanced components and its long-range electric motor will take you anywhere you want to go in exceptional comfort and style. The Tofino has remarkably good looks with the lightweight retractable hard top up or down — and it will have enough storage space for a weekend getaway or an adventurous cruise along the highways and backroads.

 

The Tofino is equipped with a high-performance, all-electric motor with a top speed of 200 kph (125 mph) and a 0-100 kph (0-60 mph) in under 7 Seconds. The chassis and body are made of a lightweight aerospace-grade composite and the car is capable of up to 400 km (250 Miles) of range on a full charge. The roadster will be available in five stunning colors including Titanium Silver, Electric Red, Raven Black, Arctic White, and Bionic Bronze with a suggested retail price starting at $50,000*. Estimated deliveries will begin by 2019 and interested individuals can make a $1,000* reservation for the Tofino at the show or by logging on to http://electrameccanica.com.

The SOLO R is a race-prepped performance variant of the innovative all-electric SOLO commuter vehicle, which made its world debut at Vancouver’s Luxury and Supercar Weekend in September. The SOLO R has a high-performance battery system mated to performance brakes, oversized wheels and racing slicks. All of the updates come courtesy of Electra Meccanica’s Advanced Performance team making the SOLO R a spec racer to be reckoned with on the road and on the track. More information on the EMV race program can be found at http://EMVRacing.com. Both the SOLO and SOLO R are being exhibited at the Vancouver Auto Show for the first time. Electra Meccanica is currently offering dealer opportunities and accepting fully-refundable $250* deposits for the SOLO which can be made at the show or placed online at http://electrameccanica.com.

*Plus taxes, subject to finalization upon delivery. Prices shown do not include any applicable taxes. All prices are in Canadian dollars. Financing available OAC. All specifications subject to change without notice

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About Electra Meccanica Vehicles Corp.

Electra Meccanica strives to be the driving force behind sustainable transport by creating the compelling mass market, all-electric SOLO. The vehicle will make the urban commute more efficient, cost-effective and environmentally friendly. The SOLO’s futuristic design is powered by a 16.1 kWhs lithium ion battery and the drive system is tuned for higher speed and mobility. With a range of 160kms (100 miles), and a top speed of 130kms/h (80 mph), the SOLO delivers superior performance and spirited driving. The company recently announced plans to produce the Tofino roadster, an all-electric evolution of the Intermeccanica Roadster. More information on Intermeccanica can be found at http://intermeccanica.com.

More information on ownership or becoming a SOLO retailer can be found at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

MEDIA CONTACT INFORMATION

Jeff Holland

Chief Communications Officer

Email: JeffHolland@ElectraMeccanica.com

Phone: 562-640-1758

Electra Meccanica CEO Update

March is a special month for Electra Meccanica, as it is the time for the famous Vancouver International Auto Show. Years ago, I had just got my drivers license, the day after my birthday on December 26th, 1976, and drove to the Pacific National Exhibition where the early editions of the Vancouver Auto Show were held during the holiday season. It was magical to drive the old 68 Beetle to the show all by myself, pay my three dollars to see the show and walk in like an adult and collect all the printed car brochures. I loved the new Bertone Fiat X-19, I was enchanted by someone who had made a recreation of the dark green Jaguar D Type with the vertical fin and leather strap over the bonnet, but I was mostly transfixed by an amazing orange Lamborghini Countach LP400 with white interior, on a raised eye level platform. I stood there with my mouth open in disbelief. Behind me stood a couple of older people, and one said to the other “Only an idiot would want a car like that”. I didn’t say a thing, but I’m certain that everyone reading this knows what I thought of THAT opinion!

Its that type of automotive magic that I’m reminded of each time we exhibit at the Vancouver Auto Show, and I wonder how many young people will walk down the aisle this year and see our exciting new 2017 Solo for the first time in real life, and become inspired in the same way that I was all those years ago! And we will have an inspiring display!

For the first time ever we will have the 2017 Electra Meccanica Solo on full Autoshow display for people to see, touch, sit in and order! First Solo deliveries are now planned for May, and with over 500 orders already on our books I expect new orders placed will deliver around July 2018 when we have our production lines ramped up. I can’t decide if we should display an Electric Red, Arctic White, Raven Black or Titanium Silver one. Send in your vote for your favourite!

As a special treat to everyone, we will also have our amazing bright green Solo R racing vehicle on display, with acclaimed race driver Scott Hargrove making autograph appearances throughout the show. You will see some amazing video of Scott putting the Solo R through its paces, to demonstrate the performance capabilities of the Solo as well as to develop technologies for the future of the car.

As if THAT was not enough!! I’m excited to say that we will have a VERY exciting announcement about our next EMV car, Code named “TOFINO”. You will have to wait until opening day of the Autoshow to find out what it is, but I’m here to tell you that our development team has created a true dream machine. When you see it, you will understand!

If you’re in the Vancouver area during the show, please come visit the team March 28th to April 2. Our social media team will be excited to see your posts and pictures at our booth. Best photo will win a legendary EMV “Mangia la Mia Polvere” t-shirt, autographed by Henry and myself! A keeper!!

For those of you not able to be in Vancouver during the show, because you live in Europe, Australia, China, Japan or some other far away place, I want you to know that our President Mark West is working hard to open new Solo stores in all areas. The first store opened in Vancouver three weeks ago, the next store in Richmond BC will open in April, with 23 more slated still for this year! Could a Solo store open in your town? Let’s see!!

Next month will bring more details on our pending public company stock listing, which will be an indicator of how well our cars and business plan are being received by investors around the world. I believe that Solo is the car that Tesla WISHES it would have built, as the amazing electric car that everyone can afford, like a Beetle for the 21st Century. We will soon find out if I’m right or wrong!

Until next month, I’ll see you in the HOV lane!

Sincerely,

Jerry Kroll, CEO

Electra Meccanica Vehicles

Electra Meccanica to Exhibit at 2017 Vancouver Auto Show

Vancouver-based car company to display innovative, new SOLO production car along with a few extra surprises 

(VANCOUVER, B.C.) – March. 8, 2017 – Vancouver’s Electra Meccanica Vehicles Corporation (EMV) announced today they will show off their new 2017 SOLO all-electric commuter vehicle at the Vancouver Auto Show being held at the Vancouver Convention Center (West) from March 28 through April 2, 2017.

“The entire team here at Electra Meccanica is excited to show off our new SOLO in our home town at the Vancouver show,” states Mark West, President of Electra Meccanica. “We just debuted our first retail intro store in Bentall Centre and now we can show it off to the rest of the car-buying public at the auto show.”

The SOLO, an innovative all-electric commuter vehicle, made its world debut at Vancouver’s Luxury and Supercar Weekend in September and is being exhibited at the Vancouver Auto Show for the first time. Electra Meccanica is currently offering dealer opportunities and accepting fully-refundable $250 deposits for the SOLO which can be made at the show or placed online at electrameccanica.com.

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About Electra Meccanica Vehicles Corp.

Electra Meccanica strives to be the driving force behind sustainable transport by creating the compelling mass market, all-electric SOLO. The vehicle will make the urban commute more efficient, cost-effective and environmentally friendly. The SOLO’s futuristic design is powered by a 16.1 kWhs lithium ion battery and the drive system is tuned for higher speed and mobility. With a range of 160kms (100 miles), and a top speed of 130kms/h (80 mph), the SOLO delivers superior performance and spirited driving.

More information on ownership or becoming a SOLO retailer can be found at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

MEDIA CONTACT INFORMATION

Jeff Holland

Head of Media Relations

Tel. 562-640-1758
Email: JeffHolland@electrameccanica.com

ELECTRA MECCANICA OPENS FIRST SOLO INTRO STORE IN DOWNTOWN VANCOUVER

Electric Vehicle Maker Establishing Retail Footprint for SOLO Dealerships

 

Please visit our Facebook site for videos and more images from the event.

Vancouver, British Columbia – February 15, 2017 – Electra Meccanica Vehicles Corp., (EMV), a Canadian-based designer and manufacturer of the SOLO, an all-electric single passenger vehicle developed to revolutionize the way people commute, opened its first retail Intro Store today in downtown Vancouver. Located in Bentall Centre, the Intro Store welcomes interested customers to learn more about the SOLO, talk with EMV representatives and place their reservations.

Jerry Kroll, founder and CEO of Electra Meccanica explains, “Our stores will lay the groundwork for the distribution of the SOLO and serve as an introduction to the public of this unique, new clean energy vehicle. The stores also represent a blueprint for interested individuals who would like to own an Intro Store dealership.”

“Our business is expanding quickly and we will be working with our Intro Store operators to introduce new retail locations across North America and internationally,” added Mark West, President of Electra Meccanica. “Located in high foot-traffic locations, our Electra Meccanica stores are designed to engage and inform customers and show the benefits of driving electric.”

Developed by Electra Meccanica, the SOLO is the first all-electric, single-seat vehicle designed to reduce traffic congestion, air pollution and vehicle operating costs. The SOLO has been engineered as a perfect vehicle for the more than 80% of drivers who commute and drive less than 50 km/36 miles per day as a single occupant. It can comfortably achieve highway speeds and has a 160 km/100 mile range on a full charge, making it the ideal supplementary vehicle that is also fun to drive. Available in four stunning colors: Titanium Silver, Electric Red, Raven Black and Arctic White, the SOLO retails at CAD$19,888 (approx. USD$15,500) and with various incentives and rebates, it is the most affordable EV in the market.

More information on ownership or becoming a SOLO retailer can be found at http://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

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About Electra Meccanica Vehicles Corp.

Electra Meccanica strives to be the driving force behind sustainable transport by creating the compelling mass market, all-electric SOLO. The vehicle will make the urban commute more efficient, cost-effective and environmentally friendly. The SOLO’s futuristic design is powered by a 16.1 kWhs lithium ion battery and the drive system is tuned for higher speed and mobility. With a range of 160 kms (100 miles), and a top speed of 130 kms/h (80 mph), the SOLO delivers superior performance and spirited driving.

About Bentall Centre

Located at the centre of downtown Vancouver’s business district at 505 Burrard Street, Bentall Centre is one of the largest integrated office complexes in Canada, providing a first class working environment for many of Canada’s leading corporations. Few other developments have had a greater impact on the architectural appearance of Vancouver. Spanning over 1.5 million square feet, Bentall Centre offers four office towers and an expansive retail mall, complete with exterior waterfalls, reflecting pools and a multitude of wide, open spaces filled with native foliage and colourful planters.

With panoramic views over Burrard Inlet, Stanley Park and the North Shore Mountains, Bentall Centre is truly a city landmark. Combining superior office space with exceptional standards of service, it remains the choice for discerning tenants and the measure by which all others are judged.

MEDIA CONTACT INFORMATION

Jeff Holland

Head of Media Relations

Tel. 562-640-1758
Email: JeffHolland@electrameccanica.com

Alexia Helgason

Director, Investor Relations

Tel. 604-728-4407

Email: alexia@electrameccanica.com

Electra Meccanica Vehicles Corp.

102 East First Avenue

Vancouver, BC Canada V5T 1A4

CEO Report, February 2017

I have just returned from China, where I toured the future home of our SOLO manufacturing facilities. We will initially use these facilities for mass production of parts — and eventually for complete cars beginning later this year and into 2018. Our Canadian production facilities in Vancouver are great, but they don’t have the capacity to fulfill the growing number of orders we will need to produce in a timely fashion, or the ability to ship them around the world in a cost-effective way.

 

I have always been impressed by the efficiencies and scale of manufacturing in Asia, and our partners are some of the best on the planet. They have world-class quality control standards and a reputation for making some of the best vehicles for very large and well-known global motoring companies. It’s also encouraging to see the enthusiasm being applied now to clean energy vehicles — and in particular to the SOLO — as a way of disrupting the harmful effects of fossil fuel vehicles. Not only do governments “get it”, but also now industry, consumers and investors are making this a priority in their decisions. We have truly passed a tipping point towards the closing down of harmful carbon emissions from fossil fuel.   There are STILL some naughty companies coercing governments to allow for new fracking and pipelines, but even they can see the writing on the wall.

 

We are nearing the end of our initial pre-production run of ten SOLOs, and have been sorting out the build procedures and, once complete, I am looking forward to making the first customer deliveries soon. If all goes to plan, we will begin delivering the first of our pre-orders locally, likely around the time of the Vancouver Auto Show which runs from March 28-April 2. Once we have a number of customer cars happily driving around the Vancouver area, we’ll start sending them further afield and out of the country.   I’m happy to say that our US Compliance Certification continues to move along and we will announce the results in due time.

 

Our Advanced Performance Division is working hard on our amazing SOLO R race car for its upcoming debut in Silicon Valley. We’ll have a private test at one of my favourite race tracks, and provide video and details to you on the results of this first running.   We’re targeting the third week of March for this, so brace yourself! Not only will it be fast, it’ll look amazing. That’s what racing is all about, right? We may even consider making the SOLO R race car available to select clients who have the appropriate racing license.   Noisy race tracks are one of the biggest problems in the industry, and SOLO is the ultimate solution. Now let’s see if it can pass the cars that currently make up the grids!

 

Our SOLO orders from individuals have now eclipsed 450. We’ve introduced a new program for people who have standing deposits on other cars. The program allows those people to send their current deposit receipt to us and we’ll credit the full amount of the receipt towards the purchase of a SOLO. You can check out SmallEV.com for more details. We still also accept $250 as a fully refundable deposit on any one of the four colours of EMV SOLO. Silver is now the most popular colour ordered, with red and white close behind. We’ll soon have a full running example of the SOLO in black when our pre-production #6 car is finished, and we’ll get our marketing team to post images on our website and social media channels when ready. Kind of like a one person electric Batmobile!!

 

February will see us opening up our first two SOLO Intro Stores in the Vancouver area, which will be replicated around the world. I’m excited about getting the cars in front of people in high traffic areas. It’ll create awareness and provide a platform for how best to stage future SOLO dealerships and retail outlets.

 

Speaking of high traffic, please make plans to visit us at the Vancouver Auto Show, which will take place at the Trade and Convention Centre from March 28-April 2. I hope to display the freshly tested SOLO race car, one or two shiny new SOLOs, and of course the SOLO chassis so people can see the magic that happens underneath the cool SOLO exterior. I should be there every day, along with the rest of our SOLO team. Show hours and other details will be posted on the EMV website over the next few days, and make sure to sign up for the EMV newsletters.   Much, much more to come in the next few weeks and months!

 

See you soon!

 

Jerry Kroll, CEO

Electra Meccanica Vehicles

ELECTRA MECCANICA GEARS UP TO OPEN SOLO INTRO STORES AND DEALERSHIPS AROUND THE WORLD, APPOINTS MARK WEST AS PRESIDENT

ELECTRA MECCANICA GEARS UP TO OPEN SOLO INTRO STORES AND

DEALERSHIPS AROUND THE WORLD, APPOINTS MARK WEST AS PRESIDENT

Vancouver, British Columbia – January 9, 2017 – Electra Meccanica Vehicles Corp., (“EMV” or ‘the Company”), a Canadian-based designer and manufacturer of the SOLO, an all-electric single passenger vehicle developed to revolutionize the way people commute, announces the appointment of Mr. Mark West as President of the Company. In this capacity, Mr. West will focus on developing the strategic direction of EMV’s dealership and sales operations, with a vision to expand SOLO Intro Stores and Dealerships worldwide.

Mr. West made his mark in the highly competitive food and beverage industry over the past 25 years culminating as President of Blenz Coffee. He oversaw the growth of the coffee chain from ten stores in British Columbia to over 70 stores in Canada and Asia, and successfully built the Blenz brand in BC, Alberta, Japan and the Philippines by developing a highly successful franchise program.

“Mark brings a wealth of experience in strategic planning, franchise development, sales, marketing and operations”, remarked Jerry Kroll, Founder and CEO of Electra Meccanica. “Based on his collaborative leadership style and extensive knowledge of franchise models, Mark will contribute to our Company’s success by developing our brand and establishing Electra Meccanica dealerships around the world”.

Mr. West said, “As an automotive enthusiast, I am excited to join the team at EMV. I am passionate about the environment and I see the SOLO as a welcomed entrant to the electric vehicle space. We have a unique and innovative commuter vehicle at a price point that will have mass appeal. With upcoming SOLO production and deliveries, I invite all interested parties to explore a SOLO dealership in this rapidly expanding business.”

More information on the SOLO and how to become an Electra Meccanica car dealer can be found at http://electrameccanica.com. Interact with ElectraMeccanica at facebook.com/EMVsolo@ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

About Electra Meccanica Vehicles Corp.

Electra Meccanica strives to be the driving force behind sustainable transport by creating the compelling mass market, all-electric SOLO. The vehicle will make the urban commute more efficient, cost-effective and environmentally friendly. The SOLO’s futuristic design is powered by a 16.1 kWhs lithium ion battery and the drive system is tuned for higher speed and mobility. With a range of 160kms (100 miles), and a top speed of 130kms/h (80 mph), the SOLO delivers superior performance and spirited driving.

CONTACT INFORMATION

Jeff Holland
Head of Media Relations
Tel. 562-640-1758
Email: JeffHolland@electrameccanica.com

Alexia Helgason
Director, Investor Relations
Tel. 604-728-4407
Email: alexia@electrameccanica.com

Electra Meccanica Vehicles Corp.
102 East First Avenue
Vancouver, BC Canada V5T 1A4

Safe Harbour Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of activities, variations in the underlying assumptions associated with the estimation of activities, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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