ElectraMeccanica Continues Retail Expansion Campaign With Seven New Locations
18 February 2021 - 12:31AM
ElectraMeccanica Vehicles
Corp. (NASDAQ:
SOLO) ("ElectraMeccanica" or the "Company"), a
designer and manufacturer of electric vehicles, today announced the
expansion of its retail footprint into seven (7) additional
locations along the West Coast of the United States. These
direct-to-consumer retail centers include the Company’s first
locations in Colorado and Washington as well as
additional locations in California, Arizona and Oregon.
Following the opening of these new locations, the Company now
maintains a total of 20 locations in ten (10) major metropolitan
areas within five (5) states in the western U.S.
The new locations are set to open in May and
June in traditional, high-end malls and town
centers including Arden Fair Mall in Sacramento,
CA; Clackamas
Town Center in Portland, OR; Alderwood
Mall in Seattle, WA; Chandler Fashion Center in
Chandler, AZ; Park Meadows in Lone Tree, CO; Del
Amo Fashion Center in Torrance, CA; and The Shops at
Mission Viejo in Mission Viejo, CA. For a complete list of
current retail outlets, please visit ElectraMeccanica’s website
here.
“Our ongoing retail expansion campaign aligns
with our long-term strategic growth initiative to establish
direct-to-consumer outlets that
showcase the SOLO to eco-conscious
consumers,” said ElectraMeccanica CEO Paul Rivera. “With the
opening of these additional locations, we aim to create a
personalized shopping experience, garner increased awareness of the
SOLO brand and extend our geographic footprint
into areas that are well-suited for a multi-use, urban ecosystem
for personal, commercial, utility and fleet applications.”
The Company’s retail expansion program is
designed to create a personalized, smart and frictionless shopping
experience, offering customers the opportunity to
explore the ins and outs of the vehicle and
place reservations
for the SOLO EV both online and in
person. ElectraMeccanica’s sales experts are standing by at
each location to assist prospective customers and deliver the
“Drive SOLO” experience to all interested
parties.
The SOLO is a
purpose-built, three-wheeled, all-electric solution for the urban
environment. Engineered for a single occupant, it offers a unique
driving experience for the environmentally conscious consumer.
The SOLO has a range of 100 miles and a
top speed of 80 mph, making it safe for highways.
The SOLO features front and rear crumple
zones, side impact protection, roll bar, torque-limiting control,
as well as power steering, power brakes, air conditioning and a
Bluetooth entertainment system. It blends a modern look with safety
features at an accessible price point of $18,500.
The SOLO is currently available for
pre-orders here.
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 61 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.
Company Contact Ms. Bal Bhullar, CPA, CGA,
CRM Chief Financial Officer & Director (604)
428-7656 Bal@electrameccanica.com
Public Relations Contact Amy
Pandya R&CPMK for ElectraMeccanica (310)
967-3418 amy.pandya@rogersandcowanpmk.com
Investor Relations Contact Gateway
Investor Relations Matt Glover and Tom Colton (949)
574-3860 SOLO@gatewayir.com
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