Electra Meccanica Announces $4 Billion Order Book for SOLO and Tofino Models

VANCOUVER, Nov. 14, 2017  – With a growing demand for non-polluting, energy efficient vehicles, ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF), a leading Canadian-based designer and manufacturer of electric vehicles, announced today combined corporate and retail orders amounting to 120,880 of its SOLO models and 39,642 Tofino models, totalling $4.38 billion (CAD) in anticipated purchase price value.*

With a mission to revolutionize the way people drive, Electra Meccanica designs and manufactures the SOLO (Retail: $19,888 CAD / $15,500 USD), an electric single passenger vehicle, and the Tofino (Retail: $50,000 CAD / $40,000 USD), a classic sports vehicle with today’s technology. Both models use clean energy and feature a high-performance drivetrain as well as a lightweight composite body.
“It’s clear that there is a healthy appetite for electric vehicles among the masses,” said Jerry Kroll, Electra Meccanica CEO. “It’s our job to release the proven potential of our products to these consumers at an affordable price point. In the coming years, we anticipate that our vehicles will be the ubiquitous electric vehicle.”

The Company’s orders have jumped from 44,047 vehicles combined as of September 14th, totalling $1.604 billion (CAD) in anticipated purchase price value. All retail orders of the SOLO require a $250 refundable deposit, while the Tofino orders require a $1,000 refundable deposit. Corporate orders require a Letter of Intent and all orders are non-binding. The company has received 14 Letters of Intent from corporate orders worldwide, including six from North America, six from Asia and two from Europe.

“The numbers don’t lie: there is tremendous confidence in our products, from both the corporate and consumer standpoint,” Kroll added. “Electra Meccanica is truly at the threshold of unleashing the next generation of affordable electric vehicles.”

Currently producing at its Vancouver, British Columbia facility, by virtue of its manufacturing agreement with Zongshen Industrial Group Co. of China, the company expects larger scale production of the SOLO to begin by the end of the first half of 2018 in order to meet current and expected purchases. On October 2, 2017, the Company announced a manufacturing agreement with Zongshen to produce 75,000 all-electric vehicles over the next three years.

About ElectraMeccanica Vehicles Corp.

Electra Meccanica, a Canadian-based designer and manufacturer of electric vehicles, builds the innovative, all-electric SOLO, a single passenger vehicle developed to revolutionize the way people commute, as well as the Tofino convertible, an elegant high-performance sports car. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.

Intermeccanica has successfully been building high-end specialty cars for 57 years. Electra Meccanica, with its subsidiary Intermeccanica, is delivering next generation affordable electric vehicles to the masses.

More information can be found at electrameccanica.com

Investor Relations Information:
Sam Woolf
Investor Relations Coordinator Tel. 604-715-7607
Email sam@electrameccanica.com

Zoe Tobin, KCSA
Tel. 212-682-6300
Email: ztobin@kcsa.com

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

Electra Meccanica Joins in Support of International Fossil Fuel-Free Cities Pledge

VANCOUVER, Oct. 25, 2017ElectraMeccanica Vehicles Corp. (“Electra Meccanica” or the “Company”), manufacturer of the all-electric SOLO commuter car and all-electric Tofino sport convertible, is pleased to announce that the Company has joined with Vancouver Mayor Gregor Robertson in support of the International Fossil Fuel-Free Cities Pledge.

“As a preeminent company designing and engineering electric vehicles, we couldn’t be more pleased that our city’s Mayor has taken this step toward the eventual elimination of tailpipe emissions from our city’s vehicle fleets,” said Jerry Kroll, CEO, of Electra Meccanica. “Mayor Robertson’s leadership in this area is a testament to his hard work and dedication in positioning Vancouver as a leader in the global clean energy space.”

The pledge was signed at the C40 Cities conference in Paris on Monday, October 23rd, and promotes buying only electric buses starting in 2025.  Additionally, the pledge calls for cities to progressively abandon combustion engines completely by 2030 in a joint fossil-fuel-free streets declaration.

Vancouver joined other cities, including London, Paris, Seattle, Auckland, Barcelona, Cape Town, Copenhagen, Los Angeles, Mexico City, Milan and Quito, in a pledge to make major areas within their municipalities emissions-free by 2030.

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About ElectraMeccanica Vehicles Corp.

Electra Meccanica (OTCQB: ECCTF) designs and builds the innovative, all-electric SOLO, and the Tofino all-electric sport convertible. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.

More information can be found at EMVauto.com.

Investor Relations Information
Sam Woolf
Investor Relations Coordinator Tel. 604-715-7607
Email sam@electrameccanica.com

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

Safe Harbour Statements

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 securities 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 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 “anticipates”, “estimates”, “projects”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “may”, “will”, or their negatives or other comparable words) 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 prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. 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.

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Electra Meccanica Files Application for NASDAQ Capital Markets Listing

VANCOUVER, Oct. 17, 2017 – ElectraMeccanica Vehicles Corp. (“Electra Meccanica” or the “Company”) (OTCQB: ECCTF), manufacturer of the all-electric SOLO commuter car and all-electric Tofino sport coupe, is pleased to announce that the Company has filed an application to have its shares of common stock listed on the NASDAQ Capital Market.

“Elevating the listing of our common stock to the NASDAQ Capital Market will provide access to a larger pool of capital, which is an important step forward in our mission to enhance shareholder value while complementing the operational progress we are making. As the Electra Meccanica story improves, the NASDAQ Capital Market listing is expected to increase trading liquidity of our common stock, broaden our shareholder base and raise our profile in the investment community,” said Jerry Kroll, Electra Meccanica’s CEO and Chairman of the Board.

The Company’s NASDAQ Capital Market listing application is subject to review and approval by NASDAQ’s Listing Qualifications Department to ensure compliance with all NASDAQ Capital Market standards. Electra Meccanica does not know how long the NASDAQ review process will last, however, it is anticipated the process will take approximately two months or longer before completion. While the Company intends to satisfy all of NASDAQ’s requirements for initial listing, no assurance can be given that this application will be approved. The Company’s common stock will continue to trade on the OTCQB under its current symbol, ECCTF, during the NASDAQ review process.

 

About ElectraMeccanica Vehicles Corp.

Electra Meccanica designs and builds the innovative, all-electric SOLO, and the Tofino all-electric sport coupe. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.

 

Investor Relations Information:

Sam Woolf, Investor Relations Coordinator
Tel. 604-715-7607
Email sam@electrameccanica.com

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

 

Safe Harbor Statements
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 securities 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 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 “anticipates”, “estimates”, “projects”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “may”, “will”, or their negatives or other comparable words) 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 prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. 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.

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Electra Meccanica Announces First SOLO Manufacturing Agreement

VANCOUVER, Oct. 2, 2017 – ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF) announced today that it has signed a manufacturing agreement with Zongshen Industrial Group Co., Ltd to produce 75,000 SOLO all-electric vehicles over the next three years. Specifically, the plan calls for the production of 5,000 SOLOs in 2018; 20,000 in 2019; and 50,000 in 2020. This agreement pairs one of the world’s leading industrial manufacturing conglomerates with a preeminent and forward-thinking company in Electra Meccanica.

“Renewable, clean energy-powered and Artificial Intelligence-driven transportation is the direction of the strategic transformation of Zongshen Industrial Group Co., Ltd. We are pleased to work and move forward together with Electra Meccanica, and are confident about our ability and capacity to reach this goal”, said Mr. Hu, the CEO of Zongshen Industrial Group.

“We are thrilled that Zongshen has joined us in leading the clean energy charge and partnered with us in the production of our innovative, new SOLO,” said Jerry Kroll, CEO, ElectraMeccanica Vehicles Corp. “We have thousands of orders on the books and we now have the manufacturing capacity to begin filling these orders for our customers.”

The SOLO made its world debut in 2016 and to date has amassed combined corporate and retail orders totaling over 20,000 units, representing close to $400 million CAD in anticipated purchase price value. The SOLO’s unique design is powered by a 16.1 kWh lithium-ion battery and the drive system is tuned for both speed and mobility. With a range of 160 km (100 miles), and a top speed of 130 kph (80 mph), the SOLO delivers superior performance and spirited driving. Electra Meccanica is currently offering dealer opportunities and is accepting fully-refundable $250 deposits for the SOLO, and $1,000 deposits on the Tofino, at EMVauto.com.

About ElectraMeccanica Vehicles Corp.
Electra Meccanica (OTCQB: ECCTF) designed and builds the innovative, all-electric SOLO and the Tofino all-electric sport coupe. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.

More information can be found at EMVauto.com.

About Zongshen Industrial Group Co., Ltd.

Zongshen Industrial Group Co., Ltd., a diversified investment holding group, engages in industrial equipment manufacturing, real estate, automobile sales, financial, and mining businesses. The company provides small-size thermal power machinery, motorcycle engines, general-purpose gasoline engines, diesel engines, truck engines, parts and components of automobile, various agricultural and forestry machinery, special powers, multi-fuel powers, marine propulsion powers, etc.; and gasoline and electric motorcycles, and three-wheelers, as well as components and parts of motorcycles, vehicles and IT, etc. It also engages in the development of commercial and residential, education industry, automobile and motorcycle industrial chain aftermarket, elderly care and rehabilitation, and financial and international exchange and cooperation complexes. Zongshen Industrial Group Co., Ltd. was formerly known as Zongshen Motorcycle Science & Technology and changed its name to Zongshen Industrial Group Co., Ltd. in January 2003. The company was founded in 1992 and is based in Chongqing, China. It has operations in Europe, America, the Middle East, Southeast Asia, and Africa.

Investor Relations Information:
Sam Woolf
Tel. 604-715-7607
Email sam@electrameccanica.com

Jeff Walker
The Howard Group Inc.
Tel. 403-221-0915
Email jeff@howardgroupinc.com

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

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Electra Meccanica Announces Corporate Letters of Intent and Order Book Amounts

VANCOUVER, Sept. 18, 2017  – ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF) (“Electra Meccanica” or the “Company“) is pleased to announce the volume and value of the Company’s order book and letters of intent as of September 14th, 2017.  In total, Electra Meccanica has received 9 letters of intent from companies around the world (corporate orders) – one from Asia, two from Europe and six from North America.

The combined corporate and retail orders amount to 19,845 SOLO electric vehicles and 24,202 Tofino electric vehicle models, totalling $1.604 billion (CDN) in anticipated purchase price value.*

Although the Company has started very limited production at its Vancouver, British Columbia, facility, it is presently expected that larger scale production of the SOLO will begin by the end of the first half of 2018.  It is also presently expected that large scale production of the Tofino and deliveries will begin in 2019.**

“After many years of research and development perfecting our first in a long line of next generation electric vehicles, we believe that we are delivering the affordable solution to the masses and that our company will be a global leader in this indisputable growing market,” Jerry Kroll, CEO further stated. “We are confident that these orders demonstrate the market’s interest in our electric vehicle products.”

As of September 14th, the Company has received retail orders for 579 SOLOs and 102 retail Tofinos with the balance order volume of each product being corporate orders.*  All retail orders of the SOLO require a $250 refundable deposit, while the Tofino orders require a $1,000 refundable deposit. Corporate orders require a Letter of Intent and all orders are non-binding.

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About ElectraMeccanica Vehicles Corp.

Electra Meccanica (OTCQB: ECCTF) designed and builds the innovative, all-electric SOLO and the Tofino all-electric sport coupe. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.

More information can be found at EMVauto.com.

Investor Relations Information

Sam Woolf
Investor Relations Coordinator Tel. 604-715-7607
Email sam@electrameccanica.com

Jeff Walker
The Howard Group Inc. Tel. 403-221-0915
Email jeff@howardgroupinc.com

Media Contact Information

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

 

Safe Harbor Statements

*  The customer may at any time, for any reason, cancel their order and have their deposit returned.  Electra Meccanica does not consider any order as being secured until the vehicle has been delivered and full receipt of the remaining balance of the vehicle purchase price has been received.

**  The order value figures assume that the Company will have the manufacturing capability of producing the required number of SOLOs and Tofinos to satisfy such order numbers which, if Electra Meccanica is not able to guarantee, such future manufacturing capability and actual results may differ materially from those anticipated.  It is also presently expected that any large scale production of either the SOLO or the Tofino will be the result of a long-term joint venture or similar relationship which the Company continues to work on formally establishing.

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 securities 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 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 “anticipates”, “estimates”, “projects”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “may”, “will”, or their negatives or other comparable words) 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 prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. 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.

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Electra Meccanica Announces Results of AGM, Appointments and Provides Corporate Update

AGM

VANCOUVER, Sept. 14, 2017 – ElectraMeccanica Vehicles Corp. (OTCQB: ECCTF) (“Electra Meccanica” or the “Company“) is pleased to announce the results of the Company’s annual general meeting (the “AGM“) held on September 14, 2017, at Science World in Vancouver, British Columbia.

The Company is pleased to report that, at its AGM, the shareholders voted to re-elect Jerry Kroll, Shaun Greffard and Robert Tarzwell as directors of the Company for the ensuing year.  In addition, at the AGM the shareholders also approved the re-appointment of Dale Matheson Carr-Hilton LaBonte LLP, Chartered Professional Accountants, as the Company’s auditor for the ensuing year.  For more information on these matters please refer to the Company’s AGM Management Proxy Circular which is available on SEDAR (www.sedar.com).

Appointments

Shortly after the AGM the Board of Directors of the Company (the “Board“) is expected to meet and confirm the appointment of the following Company executive officers:

Jerry Kroll:  President and Chief Executive Officer;
Henry Reisner:  Chief Operating Officer;
Kulwant Sandher:  Chief Financial Officer, Secretary;
Ed Theobald:  General Manager;
Mark West:  Vice-President, Sales and Dealerships;
Iain Ball:  Vice-President, Finance

Management also expects the re-appointment of all directors of the Company to each of the Company’s current Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.

The Board would like to thank the shareholders for their ongoing support.

Corporate Update

Following the Company’s AGM the Company provided its shareholders with a corporate update (the “Corporate Update“) which can be viewed at EMVauto.com or by linking to the following: EMVauto.com/investor-information. The Company cautions each viewer of the Corporate Update that it is strictly subject to the safe harbour statements and assumptions contained therein together with the Company’s general safe harbour statements contained at the end of this news release.

About ElectraMeccanica Vehicles Corp.

Electra Meccanica designs and builds the innovative, all-electric SOLO and the Tofino all-electric sport coupe.  Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.

More information can be found at EMVauto.com.

Investor Relations Information:

Sam Woolf
Investor Relations Coordinator Tel. 604-715-7607
Email sam@electrameccanica.com

Jeff Walker
The Howard Group Inc. Tel. 403-221-0915
Email jeff@howardgroupinc.com

 

Safe Harbor Statements
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 securities 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 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 “anticipates”, “estimates”, “projects”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “may”, “will”, or their negatives or other comparable words) 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 prices of other electric vehicles, costs associated with manufacturing vehicles, the availability of capital to fund business plans and the resulting dilution caused by the raising of capital through the sale of shares, changes in the electric vehicle market, changes in government regulation, developments in alternative technologies, inexperience in servicing electric vehicles, labour disputes and other risks of the electric vehicle industry including, without limitation, those associated with the delays in obtaining governmental approvals and/or certifications. 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.

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

From the Desk of Jerry Kroll

Early production of SOLOs from our New Westminster, B.C. factory continues to spool up, and we’ve had the pleasure of delivering another two customer cars since my June update: Cars #0010 and #0011. The first SOLOs will be delivered in the general Vancouver area, and Vancouver Island, to keep them within a few hours of our shop in case we need to perform any work on them. I felt like Santa Claus delivering the last one in Victoria, as the bright red SOLO had the neighbourhood buzzing while Mark West went over the manual with the new owner. Seriously, if you are not getting enough attention with your Lamborghini, you can always step up to a SOLO!  We parked it at the big Empress Hotel for a while, and had a constant ten to twenty people around it. And the SOLOs are performing as advertised. Just a beautiful ride. You can book your SOLO test drive experience, currently at our HQ, by just sending us an email to info@electrameccanica.com.

We just had the gentleman known as “The Soup Nazi” from the Seinfeld Show drop in to our HQ for a test drive. If he can make it here, so can you! He’s a very charming man, and was in town to do a fundraiser for people harmed by the recent forest fires. He gets climate destruction, and knows we need to do more! If you don’t understand this, “No SOLO for YOU!!” Better yet, take up Fandango’s offer of a free ticket to An Inconvenient Sequel (use promo code “CLIMATEEDU”). It’s a must-see!

We also had four SOLOs on display at an electric car expo in July, and had almost 300 people do quick test drives over the one day. Lots of great feedback, and people have a lot more patience than I would, standing in line for half an hour for a 5-minute spin around a small test track. Everyone seemed happy though, and we got another whack of SOLO orders out of it. We are close to having our entire 2018 production sold out.

On the Tofino front, our first prototype is now being built up in the Braid shop and should be on the road in a few weeks. We plan to unveil it at the September 9th Vancouver Supercar show, as well as our Braid Street Open House on September 8th. RSVP at events@electrameccanica.com if you’d like to attend. This is a good time to come over and see the SOLOs coming together, as well as the first two prototype Tofinos, for yourself. I always feel more comfortable when people see things for themselves, to eliminate any miscommunication from any of my updates. Come see, feel and smile. It’s all real, and real cool! Please come out and have a coffee with myself and our production and development team. I promise you’ll be impressed. To my knowledge, no other car company does this as openly as Electra Meccanica does!  We are very proud of what we’re doing!

On the financial side of things, our public market filing of our EMV stock continues to cruise along. It’s now shown as ECCTF on the OTCQB venture exchange (US markets) and I’m told that our shareholders certificates are all being digitized and should begin actual trading soon. I’m beyond pleased at the public market support for Tesla stock, and having met the two founders Marc and Martin back in 2007, it is a dream come true for EV supporters. I hope we are as fortunate with EMV, so we can deploy all the SOLOs, Tofinos and other products that we have in our pipeline. It seems that sustainable business, and clean tech energy in particular is getting the lion’s share of investor attention. Our timing could not have been any better!

The next couple of months will include a lot of travel for myself and the EMV team, as we set up business around the world. Connect with our Facebook page and stay up to date with all the adventures. I have an SCCA open wheel competition at Laguna Seca on September 1-3, so come by and say “Hi” if you’re in the Monterey, California area during that time. Admission is free, and you can have a photo sitting in my Formula car!

September 14th is our EMV Annual General Meeting, and this year we will be holding it at the beautiful Science World facility, one block away from our HQ in Vancouver. It will be a live theatre presentation, and will include introductions to our entire team and some special guests! Bring your questions on our business, products and plans, and let’s get excited about Electra Meccanica!  Official notices will go out to all shareholders soon, but please accept this as an invitation to attend as my guest, and RSVP to events@electrameccanica.com. We really are doing special things, and I love sharing it with everyone who is interested!

All the best to everyone for a happy summer, and looking forward to catching up again with the next EMV CEO update!

Sincerely,

Jerry Kroll, CEO
ElectraMeccanica Vehicles Corp.
604-428-SOLO
www.emvauto.com

From the Desk of Jerry Kroll

Several major boxes have been checked so far this month.  Our Canadian production facility has completed and delivered our first customer car, with the next 4 (chassis 10-14) all lined up in various stages of completion.  We should deliver the next SOLO the first week of July, and then between 2 and 10 per month from then on.  As our C.O.O. Henry Reisner said, “This sounds like it’s an easy thing to do, just build a SOLO and deliver to customers, but it’s the culmination of years of effort by some of the most talented people in the world, and millions of dollars of resources to get the job done.  The result is spectacular.  You cannot buy a vehicle for this price anywhere in the world, ever, and get this level of happiness.  Not even close!  I’m not even aware of any product you can acquire for that amount of money that could do what SOLO does.”

The final proof, of course, will be in the comments coming from our customers, initially in British Columbia, who will be experiencing the SOLO in the real world using it as they commute, deliver, shop, cruise…whatever.

I’m so proud of our entire team!

Also, ElectraMeccanica Vehicles Corp. has just been granted our trading symbol “ECCTF” and will be listed on the OTCQB venture stock exchange in the United States; you can look it up online at www.otcmarkets.com. As I’m writing this CEO Update, they have not yet populated the filings and financials, and I’m told this will be done over the next 30-60 days.  Put the ticker symbol into your stock watcher, and join me in this exciting adventure.  Congratulations to our public company listing team, and the dozens of early investors who stepped up to make this dream come true.   Further information on our public company activity can be found on the “Investors” section of our website, or by emailing Sam Woolf in our Investor Relations department at IR@electrameccanica.com.

Our current SOLO reservation list now stand at 536 (not including industrial orders) and the Tofino is at 96.  New SOLO reservations can expect their deliveries in 2018 and the Tofinos in 2019.  Our President Mark West has initiated an ongoing SOLO Test Drive program at our Vancouver Headquarters, which you can book by emailing testdrive@electrameccanica.com.  There is a big electric car show here in Vancouver on July 15th, called “Electra Fest” where we’ll have hundreds of people completing test drives.  If you’re available, you can get more information at https://electrameccanica.com/event/electrafest-2017/.

I’d like to see our reservations top the 1,000 mark before the end of this year, and we’ve opened a special offer for those people who have made a reservation on ANY other kind of car, to email us an image of that reservation and we’ll honour it for a place in line for a SOLO, up to $1,000.00 Cdn.  How can you beat that??   Even if you put in a reservation for a DeLorean, and it never showed up, just email me a copy of that reservation and we’ll send you a matching one for a SOLO! reservation@electrameccanica.com.

As the US and Canadian federal compliance work for the SOLO continues along, and I expect to see it completed later this year. Once that happens, we’ll begin US deliveries, as well as opening SOLO stores in the US.  San Francisco and New York are very big targets for us, and we are planning some amazing events in the months to come.  Stay tuned for more information on my future updates.

Our next EMV Broadcast will be at 6pm PST on Monday July 3rd.  You can view via our Facebook page and submit your questions to me — no questions are off limits!  As always we’ll be giving away a beautiful “Mangia la Mia Polvere” t-shirt to the best question that day.

See you on the road!

Jerry Kroll, CEO
ElectraMeccanica Vehicles Corp.

Electra Meccanica Delivers First Solo Vehicle

New Westminster, Canada, June 22, 2017 –(PR.com)– Electra Meccanica Vehicles Corporation delivered the first 2017 SOLO all-electric vehicle to proud new owners Leona and Matthew Green of New Westminster, British Columbia. The Greens plan to use their innovative and unique new SOLO for both daily commuting and for their successful local restaurant and catering delivery business. They own the popular Greens and Beans Deli Cafe and ordered the SOLO in British Racing Green to match with their name and the business. Watch the video of the delivery at the following link: https://vimeo.com/222425784.

“We love our new SOLO,” states Leona Green, Proprietor of Greens and Beans Cafe. “We park it in front of our business and you should see how much attention it gets.”

“We are thrilled to be able to deliver our very first SOLO to a family right here in the Vancouver area,” said Mark West, President of Electra Meccanica. “We think it fits perfectly with their local healthy food business as an attention-getting, environmentally-friendly vehicle with enough storage for all of their daily needs.”

The SOLO, an innovative all-electric commuter vehicle, made its world debut at Vancouver’s Luxury and Supercar Weekend in 2016 and is being produced at their Braid Factory in New Westminster, British Columbia. The SOLO’s unique design is powered by a 16.1 kWhs lithium ion battery and the drive system is tuned for both 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.

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 and the amazing new Tofino all-electric sport coupe. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly. Electra Meccanica is currently offering dealer opportunities and accepting fully-refundable $250 deposits for the SOLO and $1,000 deposits on the Tofino which can both be made online at SmallEV.com.

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

Media Contact Information

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

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.

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