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

 

Electra Meccanica on the CBC

2017 SOLO Reveal Video

From the Desk of Electra Meccanica CEO Jerry Kroll

We are now only 2 days away from the grand introduction of the beautiful 2017 Electra Meccanica SOLO! After many years of development and hard work, I’m here to tell you that the results are nothing short of spectacular. I’m so proud of our Team!

If you are in the Vancouver area, you can visit us this Saturday and Sunday at the Luxury & Supercar Show, where we will be pleased to show you the SOLO in real life! On Saturday, September 10th at 3:30 pm, a special live auction of the VERY FIRST Electra Meccanica SOLO will take place, with the proceeds benefitting Mount St. Joseph’s Hospital, which is a favourite charity of the Supercar show. SOLO #00001 will be the first vehicle to be auctioned off during this prestigious event. If any of our existing SOLO reservation holders wishes to make a winning bid for the first car produced, we will be pleased to move your order, and colour, up to that position. And you will have a genuine collector car for sure!! Should this opportunity be of interest to you, please contact either myself or Lorenzo. We can assist in taking your bids by phone.

If you are not in the Vancouver area, you can watch the Official SOLO unveiling on our website (www.smallev.com) this Friday. It’ll still be exciting!

SOLO Compliance Certification has already begun, and we’ll inform the SOLO world as the process continues for the US, Canada, Europe and elsewhere. Deliveries to customers are expected to commence before the end of this year, and I’m hoping for significant numbers within the next 12 months. SOLO is as much fun to build as it is to drive!!

I hope you all enjoy the next week and share the excitement with your family and friends.

Best regards,

Jerry Kroll, CEO

SOLO Impresses At First Track Appearance

The first time you take ANY car to the track, you never push hard hard. Its more of a systems check. When you have multiple spare cars, parts, etc., then you can push harder, but gradually and in a system. No “Cowboys” allowed on the test track, that’s only in the movies.

The SOLO drove like a Champ on Saturday afternoon, and did a 1:46 lap in its first session at Mission Raceway in British Columbia, and then dropped 3 seconds to a 1:43.3 in its second session. All systems were nominal, and we have a solid baseline of performance. I was driving at 70% the whole time.

As a comparison, the only other cars out there were race prepped “Fast and Furious” type cars with slick tires, doing between 1:25 and 1:33 by our clocks, so SOLO is at the fast side of showroom cars already.

A pdf of track times will be posted as soon as the track sends it to us.

Stay tuned!

From the desk of Electra Meccanica CEO Jerry Kroll:

We are just over a month away from the Public Launch of the 2017 Electra Meccanica SOLO on September 9th, and our first series of cars, the “Signature Series” has already been over-subscribed! Myself, Henry Reisner, and the entire Electra Meccanica team have autographed plaques that will be tastefully installed in each of our first cars, as a memento of our hard work and passion. Initially thinking 120 would be enough, (we’re already at 135) we will extend it to a maximum of 1,000. Based on our current order rate, we should still have some available by Launch date September 9th. All four colours are available in the Signature Series, and its kind of nice to see who was involved in designing, engineering and building your cool car. And the EMV Team is thrilled to be recognized in this way too.

I have been thoroughly testing the SOLO chassis on the streets and on closed courses over the past several weeks. I have even had a few professional race car drivers put the SOLO chassis through it’s paces, with glowing reports. The brakes are incredible. The ride is smooth, the handling is crisp, and the power is robust without being crazy. And there is something sublime going on with the ride of this car, which is as hard to put into words as the feeling that champagne bubbles give to your tongue. When you drive SOLO, you’ll know what I mean and I challenge you to articulate it! $500 from me to the person who nails it!!

If you have your SOLO reserved, I thank you for your order, support and interest in making a change to the roads of the world. If you’re still just thinking about it, go online and put in your refundable $250 now. I have a feeling that our online order system is going to explode during our September 9th launch, as the media picks up on the story. I have a personal expectation number of SOLO orders that I want to see after our September 9, 10 and 11 weekend, but I’ll tell you what it is afterwards.

If you’ve been sitting on a deposit for some other car that hasn’t yet arrived, and there are many of you in the United States, please email us a copy of your reservation today, and we’ll put you in line for a SOLO and honour your deposit as a discount for up to $1,000.00 It seems like both a fair and proper way to get people onto Team SOLO. Finance rates have been quoted to us as around $75 bi-weekly, which is amazing, especially if you consider that you’re not buying/burning gas anymore!

Who’s excited?!

Sincerely,

Jerry Kroll, CEO

Special Financing Now Available!

 

Affording a SOLO is easier than ever!

As part of the introduction of the 2017 SOLO, we are pleased to announce that new customers and existing reservation holders will be able to apply for Electric Vehicle Special Financing. Now, SOLO owners can cover the purchase of their vehicle in installments as low as $75 biweekly!

Available upon delivery of your SOLO, our Electric Vehicle Special Financing offers refreshing control over your mobility and finances. For the transit rider ready to shred their bus pass, or the commuter eager to spend less on a new EV than they do now on gas, there’s never been a better time to go SOLO.

The Time Has Come!

After many years of hard work, planning and engineering, we will be introducing the all-new 2017 Electra Meccanica Solo on Friday, September 9th, 2016!

The Public Introduction of the EMV Solo will be a feature of the 2016 Luxury & Supercar Weekend, at Vancouver’s beautiful Van Dusen Botanical Garden, located at 5251 Oak Street, Vancouver, British Columbia. Passes for this event (September 9th, 10th & 11th) are available by contacting us at EMV. EMV member passes are $50.00 each, and deluxe passes are $100 and include food and beverages. http://www.luxurysupercar.com

Solo Reservation Holders, Electra Meccanica Shareholders and other VIP guests will also be invited to a special “Sneak Preview” on Thursday, September 1st, at a secret location near Vancouver to be revealed to those of you who give us your RSVP for that event. You’ll be able to say that you saw the Solo a week before the rest of the world did!

To mark the occasion, we have produced an exclusive new red, white and black Solo windbreaker from our friends at Champion Systems. Order your collectible jacket online by July 22nd and it will be ready for pick up at the September 1st sneak preview or the public introduction. It’s a good way to see who is on Team Solo at the Intro Event! Wear your colours!!

Our website and news-emails will be very active from now up to launch time, so make sure you’re signed up at www.electrameccanica.com, and let your friends and family know to follow the journey as well. An exciting image gallery has just been added to our website.

I am SO excited to get these cars into your hands, and I wish I was talented enough to do this all by myself, but that is FAR from the case. Ed, Henry and our entire Electra Meccanica team have designed and are now producing nothing less than a revolutionary motor vehicle. They will all be at the Solo Introduction and Sneak Preview, so make sure you go up to them and congratulate them!
See you soon!

Jerry Kroll, CEO

Come and Visit Electra Meccanica’s Brand New Assembly Facility!

Next Thursday, July 7th, Electra Meccanica is holding a housewarming get-together at our new SOLO assembly facility. Located at 47 Braid Street in New Westminster, this latest operational expansion will soon become the beating heart of the SOLO project, producing B.C.-made, zero-emission vehicles for Canada and beyond.

We’re inviting you to come by between 2:30 P.M. and 6:00 P.M. for an exclusive peek at our new facility. Enjoy light refreshments, mingle with future SOLO owners, and get a tour of the facility from the engineers and staff who, with your help, will change the face of urban commuting.