Electra Meccanica to Debut the SOLO, its Single-Passenger EV at the Alt-Car Expo in Santa Monica, CA on October 12
September 11 2018 - 7:00AM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("Electra Meccanica"
or the "Company"), a designer and manufacturer of electric
vehicles, today announced that it will introduce its new SOLO, an
all-electric, single passenger vehicle at the AltCar Expo in Santa
Monica, CA on October 12, 2018. For more than a decade the AltCar
Expo has proven to be the premier event for launching alt-energy
vehicles in the United States.
Electra Meccanica has designed and built the SOLO as part of its
plan to emerge as a major participant in the fast-growing electric
vehicles market. Plans for the SOLO’s U.S. rollout include a new
dealership in the Los Angeles market with additional dealerships
scheduled in 2019 in California and the Pacific Northwest. Electra
Meccanica enjoys a sixty-year lineage as part of Italian race and
sports cars maker, Intermeccanica, founded in Turin, Italy in 1959,
and management is looking forward to expanding operations into the
U.S. market.
“We’re very excited that the SOLO will be featured as the AltCar
Expo’s showcase EV introduction this year, following a tradition of
EV debuts that have included the Chevy Volt, the Nissan Leaf and
many more,” stated Jerry Kroll, Chairman and CEO of Electra
Meccanica. “The SOLO is a beautiful, easy-to-drive vehicle that’ll
make commuting to work or short trips a fun, enjoyable experience.
Electra Meccanica is committed to providing an affordable vehicle
that is utilitarian and meets the demands of the California
commuter. We’re very excited to be featured at this year’s Expo and
are confident attendees will see something that’s a unique
departure from traditional automotive engineering.”
“AltCar provides the premier venue to bring together the policy
makers in California, the industry and the public in order to take
the next steps towards a transportation system that does not
involve petroleum,” commented Terry Tamminen, President and CEO of
the Leonardo DiCaprio Foundation. “For the past decade, AltCar has
been a key part in the shift occurring with alternative technology
vehicles and infrastructure, alternatives to vehicles and
alternative energy. Soon, alt cars will not be alternative but
rather the norm!”
The SOLO was previewed at this year’s CES show in Las Vegas
where it received the electronic convention’s coveted
Automotive Innovation Award for 2018. The SOLO is
priced at $15,888 USD, and interested consumers can place a
fully-refundable $250 deposit by visiting www.EMVAuto.com.
AltCar Expo is free to attend and will take place at the Santa
Monica Civic Center, October 12-13 at 1855 Main Street, Santa
Monica, CA, 90401. For additional information, visit
www.altcarexpo.com or call 310-390-2930.
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, and is developing the Tofino, an elegant high-performance
two seater electric roadster sports car. Both vehicles are designed
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 59 years.
The Electra Meccanica family aims to deliver next generation
affordable electric vehicles to the masses.
For more information, visit www.electrameccanica.com.
Cautionary Statement Regarding "Forward-Looking"
Information: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.
For more information, please contact:
West Coast Media Contact:Sean Mahoney Phone:
310-867-0670 Email: seamah@gmail.com
East Coast Media Contact:Zoe TobinKCSA
Strategic CommunicationsPhone: 212-896-1251Email:
ztobin@kcsa.com
Investor Contact: Todd Fromer / Allison
SossKCSA Strategic CommunicationsPhone: 212-896-1215 /
212-896-1267Email: electra@kcsa.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/14e4d5a8-d587-4b89-9232-cc0db16132e2
Electrameccanica Vehicles (NASDAQ:SOLO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Electrameccanica Vehicles (NASDAQ:SOLO)
Historical Stock Chart
From Apr 2023 to Apr 2024