ElectraMeccanica Announces Vehicle Financing Agreement With FreedomRoad Financial
October 08 2019 - 8:31AM
ElectraMeccanica Vehicles Corporation (NASDAQ: SOLO)
(“ElectraMeccanica” or the “Company”), a designer and manufacturer
of electric vehicles, has entered into an agreement with
FreedomRoad Financial, a national lending institution providing
retail vehicle loans to the nation’s leading vehicle manufacturers,
to provide consumers with vehicle financing for the company’s
flagship SOLO electric vehicle (EV).
The SOLO EV is a single-seater electric vehicle
produced by Vancouver-based ElectraMeccanica. The SOLO features a
100-mile range, cruises comfortably at highway speeds and can
charge on a regular household (110 V) current, as well as public
charge stations, in under 6 hours. The SOLO is an efficient,
economical and fun alternative to the daily commute, last mile
delivery or micro-shared mobility.
FreedomRoad is a nationally recognized lender
offering financing to a broad spectrum of vehicle manufacturers and
their dealers. This milestone event will allow ElectraMeccanica to
continue to grow and expand sales and service to customers
nationwide.
“Our agreement with FreedomRoad Financial
provides consumers with a turnkey vehicle financing solution for
our revolutionary SOLO EV,” said Paul Rivera, Chief Executive
Officer of ElectraMeccanica. “The SOLO is quickly gaining
widespread attention as well as broad consumer interest. As a
further service to our customer base, we are excited to offer
financing with FreedomRoad to make the SOLO affordable and
available to all.”
For more information on ElectraMeccanica or
FreedomRoad Financial, please visitwww.EMVauto.com and
https://www.frf1.com.
About ElectraMeccanica Vehicles
Corp.ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a
designer and manufacturer of electric vehicles. The Company builds
the innovative, all-electric SOLO, a single commuter vehicle
developed to revolutionize the way people commute, and is
developing the Tofino, an elegant high-performance two-seater
electric roadster sports car. Both vehicles are tuned for an
incredible driving experience while making your commute more
efficient, cost-effective and environmentally friendly.
InterMeccanica, a subsidiary of ElectraMeccanica, has successfully
been building high-end specialty cars for 60 years. For more
information, visit www.electrameccanica.com.
Forward Looking StatementsSome 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.
Investor Relations:Greg FalesnikManaging
DirectorMZ Group - MZ North America(949)
385-6449greg.falesnik@mzgroup.uswww.mzgroup.us
Media Contact:Sean MahoneyC.
310-867-0670sean@electrameccanica.com
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