ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica"
or the "Company"), a designer and manufacturer of electric vehicles
revolutionizing the urban driving experience, today announced that
its revolutionary
SOLO EV was honored in Fast
Company’s Innovation by Design Awards for 2021 in the General
Excellence and Mobility categories.
The 10th anniversary of the awards, which can be
found in the October 2021 issue of Fast Company, recognize people,
teams, and companies that transform businesses, organizations, and
society through design. One of the most sought-after design awards
in the industry, Innovation by Design is the only competition to
honor creative work at the intersection of design, business, and
innovation, recognizing the people, companies, and trends that have
steadily advanced design to the forefront of the business
conversation.
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. Pre-orders for the
SOLO are available here.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d9d6c09a-2c7d-4a83-95ed-e535e8e26791
“Our flagship SOLO EV is at the
heart of a transportation revolution that is providing a
purpose-built solution to solve today’s urban driving challenges
that provide drivers a better, more efficient way to drive,” said
Kevin Pavlov, CEO of ElectraMeccanica. “This recognition is a
testament to the many years of hard work that our team has put in,
and we are humbled to be honored in Fast Company’s Innovation by
Design Awards.”
“Design is not just a beauty contest,” said
Stephanie Mehta, editor-in-chief of Fast Company. “It’s something
that can change the world and create solutions in a time when we
face pressing global issues such as systemic racism, climate
change, and a global pandemic. Many of these entries showcase these
challenges while providing hope for the future through their
steadfast commitment to elevate design.”
Honorees for the 2021 awards were selected in
the following categories: Apps and Games; Cities; Data Design;
Design Company of the Year; Experimental; Fashion and Beauty;
Finance; General Excellence; Graphic Design; Health; Home;
Learning; Mobility; Packaging; Products; Retail Innovation; Social
Good; Spaces and Places; Sports and Recreation; Students;
Sustainability; User Experience; Wellness; Workplace; Best Design
Asia-Pacific; Best Design Europe, Best Design Middle East, and Best
Design Africa; Best Design Latin America; and Best Design North
America. New categories included Advertising, Branding, Impact,
Materials, Pandemic Response, Real Estate, and Years in
Business.
The judges include renowned designers from a
variety of disciplines, business leaders from some of the most
innovative companies in the world, and Fast Company’s own
writers and editors. Entries are judged on the key ingredients of
innovation: functionality, originality, beauty, sustainability,
user insight, cultural impact, and business impact.
Winners, finalists, and honorable mentions are
featured online and in the October issue of Fast
Company magazine, on newsstands September 28, 2021. To see the
complete list, go
to: https://www.fastcompany.com/innovation-by-design/2021
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.
ABOUT FAST COMPANYFast Company
is the only media brand fully dedicated to the vital intersection
of business, innovation, and design, engaging the most influential
leaders, companies, and thinkers on the future of business. The
editor-in-chief is Stephanie Mehta. Headquartered in New York City,
Fast Company is published by Mansueto Ventures LLC, along with our
sister publication, Inc., and can be found online at
fastcompany.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
Public Relations ContactMichelle
RaveloR&CPMK for ElectraMeccanica(714)
403-9534michelle.ravelo@rogersandcowanpmk.com
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