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Electra Meccanica Announces First 20 Unit SOLO Cargo Fleet Order from Mountain Mike’s Pizza in Canadian Business Journal

Vancouver, British Columbia, February 23, 2022 (GLOBE NEWSWIRE) — ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or “Company”), designers and manufacturers of electric vehicles that will revolutionize the driving experience of the city. Trader Announces Today Headquartered in Northern British Columbia, Mountain Mike’is a 40-year-old regional pizza chain with more than 200 restaurants in California, Arizona, Oregon, Nevada, and Utah. I first bought 20 SOLO Cargo EVs from sPizza.

Philip Dade, owner of the Pelican Food Concept and Multi-Unit franchise for Mountain Mike’s Pizza in Arizona and Utah, expects 65 open locations across the two states over the next 12 months. This partnership with Electra Meccanica is an opportunity for Mountain Mike’s Pizza to reduce overall pizza delivery costs across multi-state restaurant footprints.

“We are really excited to be one of the first customers to order more than 20 SOLO cargo units. Philip, the owner of the Pelican Food Concept and the multi-unit franchise of Mountain Mike’s Pizza. “Before SOLO, restaurants had few options to make a profit in delivery space, but SOLO Cargo is changing everything. This EV is us. Meet your sustainability goals and ensure end-customer satisfaction while maximizing profits and profits. “

SOLO Cargo currently reserves space for approximately 15 standard pizza boxes in its 11.8 cubic foot trunk, operating at an average cost of $ 0.30 per mile (this is about a third-party delivery application). Five times, $ 0.24 per piece, mileage savings for driver redemption models). Given its properly sized features, SOLO Cargo creates ideal price points on the market for changing the behavior of food delivery spaces. -Party delivery app.

Revenues in the US online food delivery segment are projected to reach $ 66.5 billion by the end of 2022, with annual growth of 9.7%. SOLO Cargo addresses this niche need within the industry with few maintenance requirements, low annual premiums, and low total cost of ownership that incorporates appropriate vehicle acquisition prices. In addition, SOLO and SOLO Cargo will support companies seeking to reduce carbon dioxide emissions by moving to electric vehicles and downgrading large conventional gas-powered fleet vehicles.

Kevin Pavlov, CEO of Electra Meccanica, said: Food delivery spaces are growing rapidly, and virtually no solution has enabled businesses to profit from food delivery. SOLO Cargo EV directly addresses the growing need for scalable delivery solutions while enabling businesses and restaurants to realize the profitability of food delivery, which is a true differentiator for their customers. “

Mountain Mike’s SOLO freight order will be Electra Meccanica’s sixth fleet customer in the food delivery space. For more information or to order, please call 1-888-457-SOLO or send an email to fleet.inquiry @ electrameccanica.com.

Electra Meccanica Vehicles Corp.about

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of eco-efficient electric vehicles (EVs). The company’s flagship vehicle is an innovative dedicated single-seat EV. solo.. This tricycle will revolutionize the city’s driving experience, including commuting, delivery and shared mobility. Designed for a single occupant, it provides an environmentally friendly consumer with a unique driving experience. The solo With a cruising range of 100 mph and a top speed of 80 mph, it is safe on the highway. The solo It also features front and rear crushable zones, side collision protection, roll bars, torque limit control, power steering, power braking, air conditioning and a Bluetooth entertainment system.

It combines a modern look with safety features at an affordable price of $ 18,500 for consumer models and $ 24,500 for delivery-oriented models. solo A cargo model with an expanded cargo box to accommodate a variety of fleet and commercial applications. The solo You can now order from here. For more information, please visit www.electrameccanica.com.

Safe harbor statement

Except for the historical facts contained in this document, the information contained in this news release constitutes the “forward-looking statements” used in applicable US and Canadian securities laws. These statements relate to forecasting future outcomes, estimates of undecided amounts, and management’s hypothetical analysis and other information. Statements that express or include expectations, expectations, beliefs, plans, predictions, objectives, assumptions, or discussions about future events or performance (although not always, often, but often, “expect”, “estimate”, “project”. , “Expect”, “Think”, “Intention”, “Believe”, “Plan”, “May”, “Do”, or their negative words, or other equivalent words) Should be viewed as follows, rather than a statement of historical facts. “Description of future prospects”. Such forward-looking statements include known and unknown risks, uncertainties, and other factors, and our actual results, performance, or performance may be in accordance with such forward-looking statements. It may differ materially from future results, performance, or performance expressed or implied. These risks and other factors include, among other things, the price of other electric vehicles, the costs associated with manufacturing the vehicle, the availability of capital to fund business plans, and the capital from the sale of shares. Includes procurement-induced dilution, electric vehicle markets, changes in government regulations, development of alternative technologies, inexperienced electric vehicle maintenance, labor disputes, and delays in obtaining government approval and / or certification. Other risks in the electric vehicle industry, not limited to these. We have sought to identify significant factors that may cause actual actions, events or outcomes to differ materially from those described in our forward-looking statements, but the actions, events or outcomes are expected, presumed, or It was intended. Actual results and future events may differ materially from those expected in such statements and there is no guarantee that such statements will be proven to be accurate. Therefore, readers should not place excessive reliance on the forward-looking statements contained in this news release and the documents referred to in this news release. Forward-looking statements are based on management’s beliefs, estimates, and opinions on the day of the statements, and we believe that these beliefs, estimates, opinions, or other circumstances may change. , Applicable method. Such forward-looking statements reflect our current views on future events and are outlined in the latest financial statements and reports and registration notifications filed with the US Securities and Exchange Commission. Subject to certain risks, uncertainties and assumptions, including risks and uncertainties. Exchange Commission (“SEC”) (available at www.sec.gov) and Canadian Securities Manager (available at www.sedar.com). We believe that the beliefs, plans, expectations and intent contained in this news release are reasonable, but there is no guarantee that those beliefs, plans, expectations or intents will be proven to be accurate. Investors should consider all the information contained here. You should also refer to the risk factors disclosed in our periodic reports submitted to the SEC from time to time. This news release does not constitute an offer to sell or purchase our securities, and the sale of these securities in jurisdictions where such offers, solicitations or sales are illegal prior to registration or qualification. It will never be done. Under the securities law of such jurisdiction.

Investor spokesperson
MZ Group
(949) 259-4987
SOLO@mzgroup.us

Spokesperson
Amy Pandia
R & CPMK
(310) 967-3418
amy.pandya@rogersandcowanpmk.com

The photos that accompany this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/116e444b-8534-4b34-ad48-36724e93e320

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7c0cc29-e504-4b0d-8066-55faffd10ba2


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Electra Meccanica Announces First 20 Unit SOLO Cargo Fleet Order from Mountain Mike’s Pizza in Canadian Business Journal

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