- Expands Retail Existence for the One-Occupant SOLO EV by Three New Areas in Q1, Bringing the Overall Retail Places to 13 Throughout Three Western States (AZ, CA, & OR)
- “SOLO Push Tour” Invitation-Only Take a look at Travel Occasions to Hit Five Towns
- Corporation Extends sturdy Out of Home (OOH) Promoting Marketing campaign and Ad Existence Aimed at Educating Individuals About a New Way to Travel Electric powered
VANCOUVER, British Columbia, Jan. 15, 2021 — ElectraMeccanica Autos Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electrical automobiles like its flagship SOLO EV, is growing its retail community to 3 new West Coast destinations. Slated to open in March, the new immediate-to-customer retail areas will be located at The Village at Corte Madera, CA, Los Cerritos Centre in Orange County, CA and La Encantada in Tucson, AZ, featuring customers the potential to understand extra, investigate the automobile and location reservations onsite. These additions convey ElectraMeccanica’s retail location count to a full of 13 in 10 major markets.
“As we gear up for the 1st SOLO EVs to strike the street, we will be accelerating our profitable, immediate-to-shopper ‘Drive SOLO’ retail prepare to even more engage and notify probable consumers,” explained ElectraMeccanica CEO Paul Rivera. “We are continuing to enter new markets strategically wherever fascination in and demand from customers for electric vehicles are greatest. Our new and current retail destinations will offer a exceptional chance for possible customers to find out additional about driving SOLO.
“Our ‘SOLO Generate Tour’ is presently prepared for 5 cities together with Scottsdale, AZ, Cerritos, Walnut Creek, and Corte Madera, CA as properly as Portland, OR, in February and March. We look forward to bringing our motor vehicles to pick early reservation holders in these distinctive, invitation-only check generate experiences furnishing a person of the very first chances to glimpse, see and ‘Drive SOLO.’ We are mindfully setting up our demonstrations in accordance with all neighborhood COVID-19 protocols to be certain a protected event for all who attend.”
ElectraMeccanica is ramping up its present “Drive SOLO” advertising campaign aimed at educating buyers on a new way to travel successfully. The campaign, which requires an aggressive rollout in crucial eco-aware metropolitan areas where the SOLO EV has an present retail existence, will attribute virtually 300 billboard and digital shopping mall displays alongside with social material across the company’s Facebook, LinkedIn, Twitter and Instagram pages. The new inventive layout, conceptualized internally by ElectraMeccanica with the media invest in taken care of by Accretive Ads, is being extended more into Q1 immediately after demonstrably favourable first results. The campaign illustrates daily eventualities for driving solo with playful but pertinent tag-strains these as “Need HOV Accessibility? Meet Your Moreover One” or “Need a Getaway? Fulfill your #TravelBFF.”
“The ‘Drive SOLO’ campaign actually troubles people to rethink their day-to-day driving habits,” included Rivera. “Most car visits are carried out solo, regardless of whether it is to the grocery retailer, the gym or on a daily commute. A single-occupancy car like the SOLO can make sense from a standpoint of strength performance and area-discounts and is the best resolution for today’s city transportation troubles. We’re expecting even larger need as we proceed to improve consciousness in extra marketplaces.”
ElectraMeccanica at present operates 10 retail destinations in the western U.S. location.
The SOLO is a reason-constructed, a few-wheeled, all-electric resolution for the city natural environment. Engineered for a one occupant, it offers a distinctive driving working experience for the environmentally aware client. The SOLO has a array of 100 miles and a best velocity of 80 mph, earning it secure for highways. The SOLO capabilities front and rear crumple zones, facet effect security, roll bar, torque-restricting control, as perfectly as electricity steering, power brakes, air conditioning and a Bluetooth amusement procedure. It blends a fashionable search with protection capabilities at an available rate point of $18,500. The SOLO is at the moment available for pre-orders at https://electrameccanica.com/item/solo-reservation/.
About ElectraMeccanica Autos Corp. ElectraMeccanica Cars Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally successful electrical vehicles (EVs). The company’s flagship motor vehicle is the innovative, reason-designed, single-seat EV called the SOLO. This a few-wheeled vehicle will revolutionize the urban driving experience, like commuting, supply and shared mobility. The SOLO presents a driving knowledge that is exclusive, fashionable, exciting, cost-effective and environmentally pleasant. InterMeccanica, a subsidiary of ElectraMeccanica, has productively been setting up superior-stop specialty vehicles for 61 several years. For additional facts, please go to www.electrameccanica.com.
Secure Harbor Assertion Other than for the statements of historical reality contained herein, the facts offered in this information launch and oral statements built from time to time by representatives of the Firm are or may well represent “forward-looking statements” as these kinds of term is made use of in applicable United States and Canadian legislation and like, without having limitation, in the which means of the Non-public Securities Litigation Reform Act of 1995, for which the Business claims the protection of the secure harbor for forward-hunting statements. These statements relate to analyses and other facts that are dependent on forecasts of long run outcomes, estimates of amounts not yet determinable and assumptions of administration. Any other statements that convey or entail conversations with respect to predictions, expectations, beliefs, programs, projections, objectives, assumptions or upcoming gatherings or effectiveness (typically, but not constantly, employing words or phrases these kinds of as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that specified steps, functions or benefits “may”, “could”, “would”, “might” or “will” be taken, happen or be obtained) are not statements of historical fact and should be viewed as forward-seeking statements. This sort of forward-hunting statements include recognised and unidentified hazards, uncertainties and other aspects which may perhaps cause the real outcomes, functionality or achievements of the Corporation to be materially unique from any long term results, effectiveness or achievements expressed or implied by this kind of ahead-wanting statements. These threats and other variables involve, amid other individuals, the availability of cash to fund courses and the resulting dilution induced by the increasing of money through the sale of shares, mishaps, labor disputes and other pitfalls of the automotive business which include, with out limitation, those affiliated with the ecosystem, delays in obtaining governmental approvals, permits or funding or in the completion of enhancement or construction pursuits or claims constraints on insurance policy protection. Despite the fact that the Corporation has tried to detect critical variables that could trigger precise actions, activities or success to differ materially from all those described in ahead-wanting statements, there could be other things that trigger steps, occasions or outcomes not to be as predicted, believed or supposed. There can be no assurance that this kind of statements will demonstrate to be accurate as actual success and long run gatherings could vary materially from those people predicted in this kind of statements. Though the Enterprise thinks that the expectations mirrored in this kind of forward-searching statements are based mostly upon affordable assumptions, it can give no assurance that its expectations will be attained. Forward-seeking details is matter to specific hazards, developments and uncertainties that could lead to precise success to vary materially from people projected. A lot of of these aspects are past the Company’s ability to command or forecast. Significant components that may cause actual effects to vary materially and that could effects the Business and the statements contained in this information release can be discovered in the Company’s filings with the Securities and Exchange Fee. The Firm assumes no obligation to update or complement any forward-searching statements no matter if as a final result of new details, future activities or in any other case. Appropriately, visitors should really not position undue reliance on forward-searching statements contained in this information release and in any doc referred to in this news release. This information release shall not represent an offer to market or the solicitation of an supply to get securities.
Company Make contact with Ms. Bal Bhullar, CPA, CGA, CRM Chief Economical Officer & Director (604) 428-7656 [email protected]
General public Relations Speak to Sean Mahoney ElectraMeccanica (310) 867-0670 [email protected]
Amy Pandya R&CPMK for ElectraMeccanica (310) 967-3418 [email protected]
Investor Relations Make contact with Gateway Trader Relations Matt Glover and Tom Colton (949) 574-3860 [email protected]