Electrameccanica Vehs Corp Stock Price, News & Analysis

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced it received approximately CAD$5.6 million following the exercise of 1.4 million warrants at a CAD$4.00 strike price. This transaction, completed by partner Zongshen Industrial Group on October 28, 2021, is viewed as validation of ElectraMeccanica's mission to revolutionize transportation. The company's flagship vehicle, the SOLO, aims to provide an innovative urban driving experience, promoting environmentally efficient travel.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) will showcase its electric vehicles at the 2021 SEMA Show from November 2-5 at the Las Vegas Convention Center. The company plans to display its flagship SOLO EV alongside custom models at booth #12471. CEO Kevin Pavlov expressed excitement over attending the event, which aims to increase brand visibility in the electric vehicle segment. The SOLO is designed for urban commuting, features a 100-mile range, and is priced at $18,500.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has successfully implemented SAP S/4HANA Cloud with the help of PwC Canada, marking a significant transition to a commercial enterprise. This ERP system integrates essential operations, enabling better scalability and efficiency for growth in the electric vehicle market. The CEO emphasized the system's vital role in managing rapid growth and operational excellence for the SOLO electric vehicle, designed for urban commuting. The company's commitment to innovation and sustainability positions it favorably in the rising electric vehicle sector.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) announced a strategic partnership with Bosch to establish a service network for its SOLO electric vehicle. The Bosch Car Service Network will provide repair and maintenance services, starting in the western U.S. and expanding nationwide. This collaboration aims to optimize vehicle maintenance processes, minimize downtime, and enhance service quality. CEO Kevin Pavlov emphasized Bosch's expertise in supporting the SOLO's unique maintenance needs. The initiative comes as ElectraMeccanica increases vehicle deliveries to early customers and fleet owners.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has begun the first commercial deliveries of its SOLO electric vehicle (EV) during an unveiling event in Los Angeles on October 4, 2021. Initial deliveries were made to early reservation holders and fleet customers, including companies like Skechers USA and Cyber Yogurt. As production ramps up, ElectraMeccanica plans to complete its new U.S. Assembly and Engineering Technical Center in Mesa, Arizona, by Summer 2022, enabling output of up to 20,000 vehicles annually. CEO Kevin Pavlov highlights this milestone as transformative for both the company and the EV industry.

ElectraMeccanica's SOLO EV showcases at the Canadian E-Fest, premiering on July 1, 2022, as the exclusive vehicle for a celebrity race. This event, part of the three-day festival promoting electric vehicle innovations, precedes the Vancouver E-Prix. CEO Kevin Pavlov emphasized the significance of this partnership in promoting vehicle electrification. The SOLO EV, a single-seat, all-electric vehicle with a range of 100 miles and a price of $18,500, began production last year and aims to revolutionize urban transportation. Deliveries start on October 4, 2021.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) celebrates its SOLO EV being honored at Fast Company's 2021 Innovation by Design Awards in the General Excellence and Mobility categories. The SOLO is a three-wheeled, all-electric vehicle designed for urban driving, boasting a range of 100 miles and a top speed of 80 mph, priced at $18,500. This recognition highlights the vehicle's innovative design and functionality, aimed at addressing urban transportation challenges. Pre-orders for the SOLO are currently available.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has engaged MZ Group to enhance investor relations and financial communications as it prepares for commercial production of the SOLO electric vehicle. With deliveries set to begin in October 2021, the SOLO promises a range of 100 miles and a price point of $18,500. The company is building a 235,000 sq. ft. facility in Arizona, aiming for a production capacity of 20,000 vehicles annually. CEO Kevin Pavlov emphasized a shift from development to scaling production and increased market visibility.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) will host an “Investor Test Drive” event on September 29, 2021, in Newport Beach, CA. This exclusive event is part of an Investor EV Tour organized by Stifel Financial Corp., running from September 28 to October 1 across California. Participants will experience test drives of the SOLO EV, which features a range of 100 miles and a top speed of 80 mph. The company also announced customer deliveries of the SOLO will commence after an October 4 launch event for early reservation holders.