From the Desk of Jerry Kroll
What a year 2017 has been!
We began customer deliveries of the 2017 SOLOs to the first lucky reservation holders in Canada, and are actively working on the United States Department of Transportation certification process for deliveries in 2018. Additionally, we have multiple factory options coming together, with our first facility in New Westminster now streamlined, and our first large-scale, offshore facility in Asia setting up an assembly line with the ability to produce up to 75,000 SOLOs over the next three years. Those numbers won’t solve worldwide climate destruction by themselves, but with our global ambitions, it will lead the way for a massive change on the roads of the world, moving away from gasoline and diesel! If you have an existing SOLO reservation in hand, you can plan on getting your baby this coming year! If you put an order in now we’ll do our best, but deliveries will likely begin in 2019. Mark, Chris and our sales team have done an amazing job!
This year we also merged the Intermeccanica and Electra Meccanica enterprises into one publicly traded company, and established a market value of over $200 million right out of the gate! One of my recent highlights was touring New York with my financial team and making our application for our upcoming 2018 IPO on the NASDAQ exchange. While I write this, our financial team is traveling around the world before meeting again in New York by the end of this year to ensure that all filings are up-to-date. We will keep everyone posted on this VERY important next step, and you can look forward to a new Electra Meccanica stock trading symbol to be a part of the listing! Try guessing what it’ll be!! And, speaking of New York, we have a beautiful white SOLO in Manhattan now with our Investor Relations group, so if you see it say “Hi” to the gang over there.
As if that wasn’t enough, I also just returned from this season’s first Formula E race in Hong Kong. The event involved two races, and one resulted in a victory by our new buddy Felix Rosenqvist of the Mahindra Formula E Team. If you get a chance, you really should attend one of these futuristic car races! July 14-15 in New York seems to be the most convenient for North American fans. The sound of these amazing race cars is nothing short of delicious, as you hear every gear, spindle and rotor spinning tons of thrust down towards the road. And you can bring your kids, who will not have to worry about the ear protection required at standard internal combustion car events – it’s wonderful! The corporate enthusiasm is there, too. Formula 1 now has 4 manufacturers involved, and Formula E has over ten! The writing’s on the wall!! We may even have an EMV display at the North American events, so we’ll look for you there!
Another massive event that I’ve always wanted to attend is the Consumer Electronics Show (CES) in Las Vegas, and I’m happy to say that Electra Meccanica will be displaying there, across from the massive Sony area, on January 9th through the 12th! For years people have been asking us to attend, and two of our newest SOLOs (one red, one white) are just now being loaded on a transporter to head to the Las Vegas Convention Center! And there is no problem getting our team down there, as we always have an exciting and productive time! Let us know if you’re a reservation holder, and we’ll stage a nice photo of you in one of the cars.
The next SOLO driving event, called “SOLOpalooza”, will be in early 2018 in Vancouver. After that, we’re organizing a transporter to take a fleet of cars around to various venues so that we can let everyone have their first hands-on experience with a SOLO. This is one of the most rewarding things for me to see people do, as there is no substitute for actually driving a SOLO. Big smiles, always!! After this sort of test drive, it really doesn’t require much imagination to visualize owning and driving your very own SOLO. Just delightful! I spent the past two days thoroughly testing one of our latest SOLOs before it heads out this week on its mission with a special client. More on that later…
We have a very full and promising year coming up. As I’ve told the team here at EMV, 2018 will likely be an historic year for us, with more SOLO deliveries, the Tofino pre-production car rolling out, the listing on NASDAQ, and deploying some of the largest and most exciting marketing promotions I’ve EVER heard of! You can quiz me next December at our monthly “EMV Update” video broadcast, and let’s see if I’ve met or exceeded your expectations–and my own!!
From all of us at Electra Meccanica and Intermeccanica, I hope you all had a very good 2017, and I hope you are enjoying a peaceful and charming holiday season. I look forward to an even better 2018 that will excite and reward us, while moving us closer to our goal of closing the last gas station.
Jerry Kroll, CEO
ElectraMeccanica Vehicles Corp.