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ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has officially relocated its global corporate headquarters to Burnaby, British Columbia, aiming to enhance collaboration among its Engineering, Accounting, and Operations departments. The 14,000 square foot facility is designed to support the company’s growth initiatives and global production ramp. CEO Kevin Pavlov emphasized the headquarters' focus on sustainability, featuring energy-efficient systems and ergonomic furniture. The flagship product, the SOLO, is a single-seat electric vehicle designed for urban mobility, priced at $18,500, with a range of 100 miles.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) clarified that it is in advanced discussions with Pelican Food Concepts for a potential order of 20 SOLO Cargo EVs, correcting previous inaccuracies regarding Mountain Mike's Pizza. Although no formal contract has been signed, both parties anticipate placing an order once engineering and production finalize, expected in Q3 2022. Pelican sees SOLO Cargo as a viable solution for their delivery operations, aiming to enhance profitability while meeting sustainability goals.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced a fleet order of 20 SOLO Cargo EVs from Mountain Mike’s Pizza to enhance delivery efficiency. This partnership aims to cut costs associated with food delivery, as the SOLO Cargo operates at an average cost of $0.30 per mile, significantly lower than traditional delivery methods. The SOLO Cargo can accommodate 15 pizza boxes and helps restaurants achieve sustainability goals. With the US online food delivery market projected at $66.5 billion in 2022, this move positions ElectraMeccanica favorably in the expanding EV delivery sector.
ElectraMeccanica (NASDAQ: SOLO) has entered a non-binding partnership with Faction Technology to pilot their driverless technology on the SOLO EV platform. The collaboration aims to deploy up to 24 SOLO EVs over the next year for micro-logistics and ride-on-demand services. The SOLO EV, priced at $18,500 for consumers, is designed for efficient urban transportation with a 100-mile range. This partnership is expected to reduce delivery costs amidst ongoing driver and chip shortages in the U.S.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has announced the delivery of 20 SOLO electric vehicles (EVs) to 15 fleet and commercial customers as of January 31, 2022. These deliveries, part of a growing trend for sustainable urban solutions, include notable clients like UC Berkeley and The City of Mesa. The company anticipates further demand with the upcoming SOLO Cargo model, designed for broader commercial use. The SOLO EV features a 100-mile range and is priced at $18,500, aiming to cater to eco-conscious consumers and organizations.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has announced the launch of its SOLO Cargo EV, designed to meet the needs of commercial customers. This vehicle features over twice the cargo capacity, expanding to 11.8 cubic feet compared to the standard SOLO's 5 cubic feet. The Cargo EV offers a range of 100 miles and a top speed of 80 mph, with a starting MSRP of $24,500. Deliveries are anticipated to commence in the second quarter of 2022, with pre-orders now available through fleet representatives.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced participation in two major investor conferences in February and March 2022. Management will engage in one-on-one meetings at the Stifel Transportation & Logistics Conference (Feb 8-9) and the 34th Annual ROTH Conference (Mar 13-15). CEO Kevin Pavlov highlighted the company's growth, updates on manufacturing, and ongoing operational strategies to enhance shareholder value. The company's flagship product, the SOLO, is a single-seat EV designed for urban commuting, featuring a range of 100 miles and a top speed of 80 mph.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announces the immediate retirement of co-founder and Executive VP Henry Reisner. He played a crucial role in developing the company, particularly its InterMeccanica brand. CEO Kevin Pavlov praised Reisner's contributions over six years. The InterMeccanica e-roadster's development will continue under current management. The SOLO, a single-seat electric vehicle, is designed for urban use, boasting a range of 100 miles and a top speed of 80 mph, priced at $18,500, and is available for pre-order.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced the appointment of Kim Brink as Chief Revenue Officer, effective January 24th. Brink, with over two decades of experience, previously held roles at GTB, NASCAR, and General Motors, leading significant marketing initiatives like the Chevy Volt. CEO Kevin Pavlov emphasized that Brink's appointment aligns with the company's growth as they scale production of the SOLO EV. The SOLO, a single-seat electric vehicle, aims to transform urban mobility, featuring a range of 100 miles and an accessible price of $18,500.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced the delivery of 61 SOLO EVs in 2021, including 19 EVs in December. CEO Kevin Pavlov highlighted this milestone as a foundation for scaling production and sales in 2022. The interest generated from showcases at events like SEMA, LA Auto Show, and CES 2022 was emphasized, with 900 test drives contributing to consumer demand. The company is finalizing a 235,000 sq ft assembly facility in the U.S. to meet growing demand for its electric vehicles, which are priced at $18,500.
