From the Desk of Jerry Kroll

I recently went down to Sonoma, California to update my racing license in a Formula 3 car at Sonoma raceway. Aside from having a blast in the SimRaceway school cars, I had a chance to drive a gasoline powered Mercedes-Benz rental from Hertz. I don’t usually drive gasoline cars, so this gave me a chance to experience what today’s gas cars are like and compare it to our own SOLO electric car.
The weirdness of having a gasoline motor being turned on and idling is the first reminder that we’re back in the 1900’s. There was a small “battery” logo on the dashboard that would charge up instantly and fully under any braking, and then drain instantly on acceleration. The other annoying thing was the internal combustion engine stopping and starting at every traffic light. How do people find THAT pleasant? I enjoy my analogy of gasoline cars being like fax machines, and electric cars being the internet. I’m more convinced of that now than ever.

And speaking of racing, you can expect some interesting activity early in the new year as the Electra Meccanica (EMV) “Advanced Performance Team” takes to the track with our first few Racing SOLOs. To me, this is the best way to both develop our road car technology, AND to showcase the SOLO performance envelope. I was twenty seconds a lap off the times of race prepared cars in the street stock SOLO, so with some tweaking, racing slicks and some other top secret tweaks, I would suggest you don’t put your Ferrari out there with us until after you’ve seen a few passes! The Racing SOLO team will be introduced at a trade event early in the new year.

The busiest department currently at Electra Meccanica is our production team, who have settled into our newly expanded production facility in New Westminster, British Columbia. I’ve driven the first pre-production SOLOs, one of which has gone to complete US Federal compliance and certification testing. I expect us to complete pre-production by the end of the year and get right into production for those of you who are eagerly awaiting your cars. They perform wonderfully, and are super eye-catching in traffic. Our marketing team is looking forward to taking photos of all of you as you get your keys and drive off in your new SOLO and so am I.

2017 will likely be the most profound year in the history of Electra Meccanica. So much work has been done, so much is ready to roll out in the way of cars, dealerships and general corporate development. Lots of work ahead, and I’m excited by what we’ll do and where we’ll be in December 2017.

We have booked EMV to be at the Vancouver Auto Show from March 27th to April 2nd, and we’ll announce other exhibits around the world as they are confirmed. On behalf of everyone at Electra Meccanica, I sincerely thank you for your interest and support, and I look forward to meeting you in person in the new year–and watching your first drives in your very own SOLO!!

Happy Holidays and the best for 2017,

Jerry Kroll, CEO
ElectraMeccanica Vehicles Corp.

Electra Meccanica to Honor All Other Vehicle Manufacturer’s Vehicle Deposits Toward Purchase of the SOLO Electric Vehicle

Vancouver BC, December 13, 2016 – Electra Meccanica Vehicles Corporation announced today that they will be honoring all deposits from individuals who have existing pre-orders with other vehicle manufacturers. Specifically, the company will honor all levels of customer deposits up to $1,000 USD with an equal value deposit for a new SOLO electric car upon final delivery of their vehicle.

 

Developed by Electra Meccanica, the SOLO is the first all-electric, single-seat vehicle designed to reduce congestion, air pollution and operating cost. It has a top speed of 80 miles per hour with a 100 mile range on a full charge that would cover most drivers’ daily commuting needs, making SOLO the ideal supplementary vehicle that is fun to drive at an affordable price. Deposit transfers and pre-orders can be made by visiting the SOLO website at http://smallEV.com.

 

“With the recent financial and production challenges faced by some of our competitors, we’ve had some of their reservation holders ask us if they could transfer their deposits over to a SOLO because of either uncertainty about their vehicle ever being produced or they just didn’t want to wait for years to get their car,” said Jerry Kroll, CEO of Electra Meccanica. “We wanted let others know that we will accept those deposits and provide relief for reservation holders with a suitable vehicle replacement option.”

 

About Electra Meccanica

Electra Meccanica Vehicles Corp. is a Canadian-based designer and manufacturer of the SOLO, an all-electric, single passenger vehicle developed to revolutionize the way people commute. Electra Meccanica combines founder Jerry Kroll’s extensive background in the race car industry with Intermeccanica custom coach builders’ 50 years of experience building high-quality, specialty vehicles. With the release of its first production vehicle in 2017, the Electra Meccanica SOLO, and the continuing establishment of a growing global dealer network, the company aims to put an electric vehicle in everyone’s driveway by making ownership simple, fun and affordable.

 

More information on the SOLO and how to become an Electra Meccanica retailer can be found at https://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

 

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.

 

Media Contact

Jeff Holland

Electra Meccanica Vehicle Corp.

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

MAYA Simulation Provides Support to Electra Meccanica for SOLO Electric Vehicle

       

 

Montreal, QC/Vancouver BC, December 5, 2016 – MAYA Heat Transfer Technologies Ltd. (hereinafter MAYA) and Electra Meccanica Vehicles Corporation jointly announced today that the two companies have agreed to collaborate to help Electra Meccanica enhance the development and accelerate the time-to-market for its new SOLO electric vehicle.

 

MAYA has been selected for its in-depth knowledge of Siemens’ product lifecycle management (PLM) software solutions as well as its expertise in the computer aided engineering (CAE) and the automobile industry, which are instrumental in ensuring design optimization in structure, thermal, flow and material composition and to maximize the overall performance of SOLO.

 

Developed by Electra Meccanica, the SOLO is the first all-electric, single-seat vehicle designed to reduce congestion, air pollution and operating cost. It has a top speed of 80 miles per hour with a 100 mile range on a full charge that would cover most drivers’ daily commuting needs, making SOLO the ideal supplementary vehicle that is fun to drive at an affordable price. Pre-orders can be made by visiting the SOLO website at http://smallEV.com.

 

“The team at MAYA has been an integral part in expediting the development time in helping bring the SOLO EV to market,” said Jerry Kroll, CEO of Electra Meccanica. “Their engineering solutions help to enhance the vehicle’s performance capabilities in making it a true driver’s car with an unmatched ride and handling.”

 

“At MAYA we believe that electric cars, fed by grids with renewable energy, and the electrification of transportation in general, will be the driving force in reducing fossil fuel consumption. Working with Electra Meccanica, we intend to apply our expertise in simulation and our experience in the automotive industry to help bring SOLO to the market”, said Inta Zvagulis, President, MAYA Heat Transfer Technologies.

 

About Electra Meccanica

Electra Meccanica Vehicles Corp. is a Canadian-based designer and manufacturer of the SOLO, an all-electric, single passenger vehicle developed to revolutionize the way people commute. Electra Meccanica combines founder Jerry Kroll’s extensive background in the race car industry with Intermeccanica custom coach builders’ 50 years of experience building high-quality, specialty vehicles. With the release of its first production vehicle in 2016, the Electra Meccanica SOLO, the company aims to put an electric vehicle in everyone’s driveway by making ownership simple, fun and affordable.

 

More information is available at https://electrameccanica.com. Interact with ElectraMeccanica at Facebook/EMVSolo, @ElectraMecc and view videos on YouTube at http://bit.ly/2bigEaF.

 

About MAYA Heat Transfer Technologies

MAYA Heat Transfer Technologies works with engineering firms to solve their most challenging issues. Our expertise in CAE and ability to address the specific needs of companies’ applications, processes, organization and resource help promote innovation, reduce product cost, improve quality, and accelerate time-to-market. As a core Siemens PLM Software partner, MAYA brings an intimate knowledge of a broad range of products and technologies that enables the delivery of end-to-end solutions customized to meet the most demanding customer needs. http://www.mayahtt.com

 

Safe Harbor Disclosure

This news release contains statements that constitute “forward-looking” statements. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. These statements appear in a number of different places in this news release and, in some cases, can be identified by words such as “anticipates”, “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words. Such forward-looking statements are subject to certain known and unknown risks, uncertainties and other factors which may cause Electra Meccanica’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such statements. Forward-looking statements include statements regarding the outlook for Electra Meccanica’s future operations, plans and timing for Electra Meccanica’s SOLO vehicle, electric vehicle programs, statements about future market conditions, supply and demand conditions, forecasts of future costs and expenditures, and other expectations, intentions and plans that are not historical facts. Although Electra Meccanica believes that its expectations reflected in such forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic and business conditions, hazards customary in the automotive and technology industries, competition in wholesale and retail markets, the volatility of production and manufacturing prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, changes in the electric vehicle market, and our ability to achieve the expected benefits and timing of our electric vehicle projects. 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. Electra Meccanica undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contacts:

 

Electra Meccanica Vehicle Corp.

Jeff Holland, Head of Media Relations

Tel. 562-640-1758

Email: JeffHolland@electrameccanica.com

 

MAYA Heat Transfer Technologies Ltd.

Dominic Lachance, Marketing Supervisor

Tel. 514-369-5706 x 379

Email: Dominic.lachance@mayahtt.com