ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica"
or the "Company"), a designer and manufacturer of electric
vehicles, today announced that the next revolution in
fully-electric urban mobility is coming to the Consumer Electronics
Show (CES) 2022, where the Company will showcase several variants
of their award-winning single-seat, three-wheel electric SOLO EV at
the Las Vegas Convention Center from January 5-8, 2022.
First previewed at CES in 2018, where it won the
IHS Markit Innovation Award, the SOLO EV redefines the idea of
personal urban transportation. Today, almost 80 percent of U.S.
daily commutes are done alone in gas-powered passenger vehicles.
Not only is this inefficient – leaving three or more empty seats in
each car – it also a major environmental concern. Purpose-built
around today’s drivers, ElectraMeccanica’s SOLO EVs provide a
much-needed tech-forward, eco-friendly solution that addresses the
empty space between micro-mobility (like bikes and scooters) and
traditional transportation.
At CES 2022, ElectraMeccanica will showcase
three SOLO EV variants, including an all-new, conceptual refresh of
its flagship, single-seat SOLO EV. Refreshed
elements – such as a redesign of the vehicle’s dashboard – were
added to improve and optimize overall driver experience and
convenience. Innovative touch-screen LED monitors have been added
to provide a more seamless user experience with the vehicle’s
entertainment, navigation and cabin settings.
Also on display will be the Company’s
SOLO Cargo, a modified version of the flagship
vehicle, developed based on direct input from prospective
commercial and fleet customers. Replacing the flagship’s
traditional hatchback, the SOLO Cargo features a uniquely styled
expanded 11.8 sq ft cargo box and other slight modifications to
accommodate a wide range of commercial applications – from food
delivery to municipal fleet use and beyond. The highly anticipated,
fully-electric SOLO Cargo made its debut earlier this year at the
Advanced Clean Transportation (ACT) Expo 2021 in Long Beach,
CA.
Fresh off it’s debut at SEMA 2021 and the Los
Angeles Auto Show 2021, the SOLO O2 concept
vehicle will also be displayed at CES. Highlighting what’s possible
with next-generation design, ElectraMeccanica’s SOLO O2 is a very
popular convertible variant of the flagship SOLO EV.
“CES is the premier event to show the world what
the future of clean transportation looks like, so we’re thrilled to
be back, showcasing the next chapter in ElectraMeccanica’s story,”
said Kevin Pavlov, CEO of ElectraMeccanica. “The SOLO EV is unlike
any other vehicle on the market, and it represents a massive
opportunity for consumers and businesses. Not only is it fun to
drive, but it’s also the eco-friendly option that today’s drivers
want and deserve.”
ElectraMeccanica’s exhibit will be in the Las
Vegas Convention Center West Hall in Booth
3677.
ElectraMeccanica currently has 20 retail
locations across the Western U.S. The Production SOLO EV can be
purchased by reservation now with a fully refundable deposit of
$250 USD at: https://owners.electrameccanica.com/checkout
To learn more about how ElectraMeccanica’s bold
vision of the future of urban mobility, visit:
www.electrameccanica.com.
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 StatementsExcept
for the statements of historical fact contained herein, the
information presented in this news release constitutes
“forward-looking statements” as such term is used in applicable
United States and Canadian securities laws. 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 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
“anticipates”, “estimates”, “projects”, “expects”, “contemplates”,
“intends”, “believes”, “plans”, “may”, “will”, or their negatives
or other comparable words) 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 prices of other electric vehicles, costs
associated with manufacturing vehicles, the availability of capital
to fund business plans and the resulting dilution caused by the
raising of capital through the sale of shares, changes in the
electric vehicle market, changes in government regulation,
developments in alternative technologies, inexperience in servicing
electric vehicles, labour disputes and other risks of the electric
vehicle industry including, without limitation, those associated
with the delays in obtaining governmental approvals and/or
certifications. 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. 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. Forward-looking statements are
made based on management’s beliefs, estimates and opinions on the
date the statements are made, and the Company undertakes no
obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change, except
as required by applicable law. Such forward-looking statements
reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions, including,
the risks and uncertainties outlined in our most recent financial
statements and reports and registration statement filed with the
United States Securities and Exchange Commission (the “SEC”)
(available at www.sec.gov) and with Canadian securities
administrators (available at www.sedar.com). Although the Company
believes that the beliefs, plans, expectations and intentions
contained in this news release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk
factors disclosed in the Company’s periodic reports filed from
time-to-time with the SEC. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy securities
of the Company nor shall there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Investor Relations ContactMZ Group(203)
741-8811SOLO@mzgroup.us
Public Relations ContactAmy
PandyaR&CPMK(310) 967-3418amy.pandya@rogersandcowanpmk.com
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