ElectraMeccanica Vehicles Corp. (NASDAQ:
SOLO) ("ElectraMeccanica" or the "Company"), a designer
and manufacturer of electric vehicles, has appointed Kevin Pavlov
as its new Chief Operating Officer (“COO”) effective May 1, 2021.
Pavlov will be responsible for overseeing operational growth as
ElectraMeccanica ramps up commercial production with a focus on
enhancing profitability and efficiency.
Pavlov brings over two decades of automotive
experience to ElectraMeccanica with an accomplished background and
domain-specific expertise working with Original Equipment
Manufacturers and globally recognized Tier 1 suppliers. Prior to
joining ElectraMeccanica, Pavlov most recently served as the COO of
Karma Automotive. Pavlov has held various other senior leadership
roles in his career, most notably at Magna International where he
was, at different points in time, the COO of its E-Car Joint
Venture, Global President and General Manager of Magna Electronics,
and Executive Vice President of Magna’s Services, Ventures, and
Innovation Group.
Pavlov assumes the role which had been
previously held by ElectraMeccanica’s Co-Founder and Board Member,
Henry Reisner, who will now become Executive Vice-President of
ElectraMeccanica and President of its wholly-owned subsidiary,
InterMeccanica. Reisner will continue to work actively with Pavlov
to ensure a smooth transition in the coming months.
“Kevin’s drive and skills will be critical in
ramping up our SOLO mass production and
establishing our assembly facility in the US,” said Henry Reisner.
“I look forward to working with Kevin and the team to propel
ElectraMeccanica to the next level, while giving me time to focus
on the e-Roadster vehicle line.”
In their new roles, both Pavlov and Reisner will
report directly to Paul Rivera, who, as part of these changes,
assumes the additional title of President along with remaining
Chief Executive Officer of the Company.
“On behalf of ElectraMeccanica’s Executive Team
and Board of Directors, I would like to officially welcome Kevin to
our organization,” said ElectraMeccanica President and CEO Paul
Rivera. “Kevin’s substantial experience in electric vehicle
development, production and delivery will bring a diverse and
welcomed skillset to our organization. Kevin is a known entity
within the industry and has worked alongside me in previous roles.
For the past six months, he has served as an executive consultant
to ElectraMeccanica and has already integrated into our
organization. I am confident and excited in his ability to hit the
ground running.”
Kevin Pavlov stated, “I take great pride in
joining Paul and the ElectraMeccanica organization by working
alongside great people by converting individual energies into
synergies. In the near term, my focus remains on rapidly scaling
production of the flagship SOLO EV. In addition to
ensuring near-term execution, I look forward to working with our
President and CEO to build out our Mesa, AZ assembly facility and
map out the next evolution of the vehicle line development.”
Rivera added: “On a final note, on behalf of the
entire Board, I would also like to extend my thanks and gratitude
to Henry Reisner, who has built a solid foundation for
ElectraMeccanica. His automotive expertise and involvement with the
Company since its inception will continue to play a substantial
part in our go-forward strategy.”
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. The SOLO provides a
driving experience that is unique, trendy, fun, affordable and
environmentally friendly. InterMeccanica, a subsidiary of
ElectraMeccanica, has successfully been building high-end specialty
cars for 62 years. For more information, please visit
www.electrameccanica.com.
Safe Harbor Statement
Except for the statements of historical fact
contained herein, the information presented in this news release
and oral statements made from time to time by representatives of
the Company are or may constitute “forward-looking statements” as
such term is used in applicable United States and Canadian laws and
including, without limitation, within the meaning of the Private
Securities Litigation Reform Act of 1995, for which the Company
claims the protection of the safe harbor for forward-looking
statements. 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 other 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
“expects” or “does not expect”, “is expected”, “anticipates” or
“does not anticipate”, “plans”, “estimates” or “intends”, or
stating that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved) 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 availability of capital to fund programs and the
resulting dilution caused by the raising of capital through the
sale of shares, accidents, labor disputes and other risks of the
automotive industry including, without limitation, those associated
with the environment, delays in obtaining governmental approvals,
permits or financing or in the completion of development or
construction activities or claims limitations on insurance
coverage. 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. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that its expectations will be achieved. Forward-looking information
is subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected.
Many of these factors are beyond the Company’s ability to control
or predict. Important factors that may cause actual results to
differ materially and that could impact the Company and the
statements contained in this news release can be found in the
Company’s filings with the Securities and Exchange Commission. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise. 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. This
news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities.
Investor Relations ContactGateway Investor
RelationsMatt Glover and Tom Colton(949)
574-3860SOLO@gatewayir.com
Public Relations ContactMichelle
RaveloR&CPMK for ElectraMeccanica(714)
403-9534michelle.ravelo@rogersandcowanpmk.com
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