Electra Meccanica Partners with Engel & Völkers to Launch SOLO Carsharing Initiative at Canadian Residential Development
November 12 2018 - 8:31AM
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("Electra Meccanica"
or the "Company"), a designer and manufacturer of electric
vehicles, today announced a first-of-kind partnership with Engel
& Völkers’ proposed Chantrell Creek Estates residential
development in British Columbia, Canada to introduce a SOLO
electric vehicle carsharing program to provide future
residents with greater mobility options in a city that is
currently beset with traffic congestion problems and the lack of an
effective public transit system.
Chantrell Creek Estates is a new
residential development that seeks to provide a combination of
gentle densification, entry-level housing for younger families as
well as downsizing opportunities for established residents in the
area. It also seeks to improve the quality of life in the area by
preserving the area’s most prized features while progressively
tackling real issues that face the area like congestion and access
to public transportation.
“I am pleased to announce our partnership with
Engel & Völkers to supply their proposed Chantrell Creek
Estates development with SOLO electric vehicles for a
state-of-the-art carsharing program,” said Jerry Kroll, CEO and
Founder of Electra Meccanica. “The SOLO is an affordable,
well-engineered electric vehicle ideally suited for applications
such as this due to its efficient, fun and cost-effective nature.
The SOLO’s compact profile is ideally suited for carsharing
applications, as it uniquely allows the driver to park
approximately 2.5 SOLOs in the parking spot of one standard car. I
look forward to providing our investors with further updates on new
project wins within the exciting carsharing space as appropriate,
where the inherent benefits of the SOLO are increasingly
apparent.”
“We are excited to introduce the SOLO electric
vehicle and carsharing program as part of our development
proposal,” said Tita Cool of Engel & Völkers, the Vancouver
Property Lead on the Chantrell Creek Estates project. “As part of
this carsharing program, we plan to integrate up to 15 SOLO
vehicles into the Chantrell Creek Estates development. With this
beautiful, yet eco-friendly vehicle, we continue to play our part
to reduce carbon emissions while providing residents with a unique
and practical mobility solution.”
About Engel & Völkers
Engel & Völkers is one of the world’s
leading service companies specialized in the brokerage of premium
residential property, commercial real estate, yachts and aircraft.
Based in over 800 locations in total, Engel & Völkers offers
both private and institutional clients a professionally tailored
range of services. Consultancy, sales and leasing form the core
competences of the staff of more than 10,000 people. The Company is
currently operating in over 30 countries on four continents.
Intensive training schemes in its in-house real estate Academy and
the high level of quality assurance governing its systematically
structured service provision are key factors that account for the
Company’s success.
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 59 years. The Electra Meccanica family is delivering next
generation affordable electric vehicles to the masses. For more
information, visit www.electrameccanica.com.
Safe Harbor 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
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