ElectraMeccanica Announces the Arrival of First Production SOLO EVs

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(PageOne)– ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles, today announced that it will open six (6) new retail locations across the western U.S. within the next month.

The Company also announced that the initial shipment of its production vehicles for its flagship SOLO EV have arrived in North America. In-line with the Company’s ongoing vehicle rollout strategy, these SOLO EVs have been designated for corporate use in marketing, advertising and retail activities.

ElectraMeccanica officially began production of the SOLO EV in late August alongside its manufacturing partner and strategic investor, Zongshen Industrial Group (“Zongshen”).

The first two of the newly arrived SOLOs were introduced at a ‘ride-and-drive’ press event in Los Angeles on October 13 and 14, 2020. At this exclusive event, reporters from major media outlets were able to test the first production vehicles and “Drive SOLO” alongside CEO Paul Rivera in Santa Monica.

ElectraMeccanica also used vehicles from the first batch to test the international shipping logistics and port processing. Vehicles are currently being used for similar corporate and marketing purposes as well as ongoing road verification and testing.

The Company also announced that it is expanding its retail footprint by opening six (6) new locations in prominent shopping centers in addition to the four (4) locations currently up and running. These new locations will be strategically positioned in high-visibility areas alongside notable name-brand anchor stores and are set to open by Thanksgiving in the following cities:

San Diego, CA – Westfield UTC
Brea, CA – Brea Mall
Scottsdale, AZ – Kierland Commons (seasonal)
Glendale, AZ – Arrowhead Towne Center
Santa Clara, CA – Westfield Valley Fair Mall
Walnut Creek, CA – Broadway Plaza

“I am pleased to share that the first production SOLO EVs have officially made it onto U.S. soil,” said ElectraMeccanica CEO Paul Rivera. “Consistent with our roll out strategy, the first wave off the line will be used specifically for high ROI activities, including marketing, retail distribution, customer test drives and fleet demonstrations. We are continuing with our planned, methodical ramp up in production to ensure quality and consistency. While we have encountered certain hurdles through this growth process, our team is hard at work making select supply chain and technical improvements. We have extended our customer delivery schedule into early 2021. Safety, customer care and the ‘Drive SOLO’ experience are paramount. With the help of our experienced partner, we are confident we can continue to move quickly and meet our increasing customer demand.”

The SOLO is a purpose-built, three-wheeled, all-electric solution for the urban environment. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. The SOLO features front and rear crumple zones, side impact protection, roll bar, torque-limiting control, as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. It blends a modern look with safety features at an accessible price point of $18,500. The SOLO is currently available for pre-orders at https://electrameccanica.com/product/solo-reservation/.

About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. The SOLO provides a driving experience that is unique, trendy, fun, affordable and environmentally friendly. InterMeccanica, a subsidiary of ElectraMeccanica, has successfully been building high-end specialty cars for 61 years.

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