ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica"
or the "Company"), a designer and manufacturer of electric vehicles
revolutionizing the urban driving experience, has engaged investor
relations specialists MZ Group (MZ) to manage a comprehensive,
strategic investor relations and financial communications program
across all key markets.
MZ Group will work closely with ElectraMeccanica
management to implement a comprehensive capital markets strategy
focused on increasing the Company’s visibility in the investment
community. The new campaign will highlight ElectraMeccanica’s
transition to a commercial production enterprise with the upcoming
sales deliveries and ramp of its flagship single-occupant
SOLO electric vehicle (EV).
The SOLO is a purpose-built,
three-wheeled, all-electric vehicle ideal for use in urban
environments. Sporting a range of 100 miles and a top speed of 80
mph, it is highway-capable and fully loaded with modern
conveniences. The SOLO integrates next-generation
safety features in its design such as front and rear crumple zones,
side impact protection, roll bar and torque-limiting control, all
at an accessible price point of $18,500.
With offices worldwide, MZ has developed a
distinguished reputation as a premier resource for institutional
investors, brokers, analysts and private investors. MZ will advise
ElectraMeccanica in all facets of corporate and financial
communications, including the coordination of roadshows and
investment conferences across key cities and building brand
awareness with financial and social media outlets.
Greg Falesnik, CEO of MZ North America,
commented: “ElectraMeccanica has reached a key inflection point in
its evolution. The Company will begin the widely anticipated
deliveries of the SOLO EV to reservation holders
and its first fleet owners in October 2021, having already built
out its sales, logistics and service networks to support all
near-term delivery targets. The Company’s 235,000 sq. ft. assembly
facility and engineering center in Mesa, Arizona is slated for
completion in Q2 2022 and is expected to support significant
near-term demand, with a production capacity of up to 20,000
vehicles per year.
“The team continues to build out the foundation
for a broader SOLO ecosystem, guided by CEO Kevin
Pavlov’s 20 years of automotive experience with EV innovators, such
as Karma Automotive. As one example, the recently debuted
SOLO Cargo EV best tailors the innovative
SOLO for use in high-value commercial applications
through an enlarged cargo bay. At this turning point in the
Company’s maturation, we believe ElectraMeccanica is a unique
opportunity for investors and look forward to sharing this with our
network of institutional investors, family offices and
high-net-worth individuals worldwide," concluded Falesnik.
“Now that initial customer deliveries are
underway, we are turning our focus from development to scaling
production, as well as sales and marketing efforts through our
network of retail locations and various digital and media
campaigns,” said Kevin Pavlov, Chief Executive Officer of
ElectraMeccanica. “With the introduction of the aforementioned
SOLO Cargo EV, we have seen significantly
elevated interest in using our vehicles for fast food, grocery and
small parcel delivery applications. This is an incredibly exciting
time in our Company’s history and we look forward to working
closely with the MZ team to enhance our visibility within the
capital markets.”
About MZ GroupMZ North America is the US
division of MZ Group, a global investor relations and corporate
communications leader. MZ North America was founded in 1996 and
provides full scale Investor Relations to both private and public
companies across all industries. Supported by an exclusive
one‐stop‐shop approach, MZ works with top management to support its
clients’ business strategies via integrated product and service
categories: 1) IR Consulting & Outreach – full service investor
relations and roadshow services; 2) IPO Advisory & SPAC IR -
preparation for the Pre-IPO journey and leading sponsor/target
companies through the SPAC business combination; 3) Public
Relations – targeted campaigns and broad media outreach; 4) ESG iQ
& Advisory – reporting technology platform and ESG guidance; 5)
Market Intelligence – real time ownership monitoring; 6) Technology
Solutions – websites, webcasting, conference calls, distribution
services and board portals. MZ has a global footprint with offices
located in New York, Chicago, San Diego, Aliso Viejo, Austin,
Minneapolis, Taipei and São Paulo. For more information, please
visit www.mzgroup.us.
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. 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 also 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 here. InterMeccanica, a
subsidiary of ElectraMeccanica, has successfully been building
high-end specialty cars for 61 years. For more information, please
visit www.electrameccanica.com.
Safe Harbor StatementExcept for
the statements of historical fact contained herein, the information
presented in this news release and oral statements made from time
to time by representatives of the Company are or may constitute
“forward-looking statements” as such term is used in applicable
United States and Canadian laws and including, without limitation,
within the meaning of the Private Securities Litigation Reform Act
of 1995, for which the Company claims the protection of the safe
harbor for forward-looking statements. 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 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 of
the automotive industry including, without limitation, those
associated with the environment, delays in obtaining governmental
approvals, permits or financing or in the completion of development
or construction activities or claims limitations on insurance
coverage. 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. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. 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. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
Investor Relations ContactMZ Group(949)
259-4987SOLO@mzgroup.us
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