Electra Meccanica and Apollo Brands™ to Collaborate on Colorado Distribution Program Using SOLO EVs
April 02 2019 - 8:31AM
Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) (“Electra
Meccanica” or the “Company”), a designer and manufacturer of
electric vehicles, has signed a multi-year promotional program with
Denver, CO-based Apollo Brands LLC™ (Apollo), makers of Apollo
Energy Gum™ and other specialty brands.
The promotional program will involve the use of
Electra Meccanica’s SOLO single-passenger EVs to be used for the
distribution of Apollo’s products to their retail partners
throughout Denver, Boulder and much of the Front Range region. The
emissions-free electric vehicles are perfectly aligned with
Apollo’s commitment to sustainability and the environment and
showcases Electra Meccanica’s increasing adoption for small-profile
delivery purposes in a wide range of industries.
The program involves Apollo purchasing several
SOLOs over the next 12 months, three of which are already in use
for deliveries in the Denver area. Each SOLO will be wrapped in
Apollo logo (as pictured) and used to market Apollo to various
retailers and distribution hubs. The capability of the SOLO to
carry up to 1500 packs—or five master boxes of Apollo Energy Gum
within the car’s range of 100 miles—makes the SOLO a perfect
vehicle to reduce costs while paying respect to the environment. As
Leona Green, owner of Greens Beans in Vancouver, B.C. and the very
first SOLO states, “Using the SOLO as a delivery vehicle for my
catering business has cut my cost of operation for delivery to
USD$15.00 per month, not to mention I love driving my SOLO.”
“We’re very pleased to make this announcement
along with such an exciting and energetic company as Apollo while
collaborating to bring a sustainable model for the delivery of
their products,” stated Electra Meccanica’s Director of U.S.
Operations, Anthony Luzi. “This pioneering partnership joins two
companies in a way that demonstrates to both customer bases that
we’re breaking with tradition. Apollo brings an exciting and unique
quality to the energy gum landscape, and our unique
single-passenger SOLOs make the perfect low-cost option for their
small-profile distribution needs. The SOLOs are already attracting
attention from Colorado residents as demonstrated by calls to both
companies’ headquarters, making it a win-win for both companies.
Like other programs we’ve initiated with nationally recognized
brands and a handful of independent customers, we’ll continue to
provide a reliable, sustainable and affordable solution for
delivery businesses of all sizes.”
“At Apollo Brands™ we are creating the next
energy category and SOLO is a perfect way to deliver our brands in
an environmentally correct way with a reduced carbon footprint
compared to traditional distribution vehicles.” stated Apollo
Founder and CEO, Troy Widgery. “Our customers are making a choice
to evangelize a better-for-you energy source, and we believe the
decision to promote and distribute with a fleet of Apollo SOLOs
will resonate with our audience.”
About Apollo Brands LLC Apollo
was born out of Founder Troy Widgery's prior success with GO FAST!™
Energy Drink. Troy's background in extreme sports guided the
passion to build GO FAST!™ into a brand with global reach, but he
strived to build a healthier, more efficient energy product. Apollo
and its specialty brands are manufactured in Colorado and represent
the culmination of nearly 700 formulations over several years.
Troy's belief is that a Liquid Core™ of functional ingredients
surrounded by a xylitol gum shell is the best way to provide a
clean and portable energy supplement for those in the pursuit of a
healthy and productive lifestyle. Apollo strives to make choices
with a focus on sustainability, from ingredients to distribution
and everything in between. For more information visit
www.apolloenergygum.com.
About Electra Meccanica Vehicles
Corp. Electra Meccanica is a designer and manufacturer of
electric vehicles. The Company builds the innovative, all-electric
SOLO, a single passenger vehicle developed to revolutionize the way
people commute, as well as the Tofino, an elegant high-performance
two seater electric roadster sports car. Both vehicles are tuned
for the ultimate driving experience while making your commute more
efficient, cost-effective and environmentally friendly.
Intermeccanica, a subsidiary of Electra Meccanica, has successfully
been building high-end specialty cars for 60 years. For more
information, visit www.electrameccanica.com.
Forward Looking Statements Some
of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as
“expects”, “intends”, “is expected”, “potential”, “suggests” or
variations of such words or phrases, or statements that certain
actions, events or results “may”, “could”, “should”, “would”,
“might” or “will” be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond the Company’s
control. Actual results and developments are likely to differ, and
may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
Media Contact:Sean Mahoney (310)
867-0670sean@ElectraMeccanica.com
Investor Relations:Greg FalesnikManaging
DirectorMZ Group - MZ North America(949)
385-6449greg.falesnik@mzgroup.uswww.mzgroup.us
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/096861bf-0a2b-4b62-9d1d-189129b277e9
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