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Electra Meccanica Announces New Global Headquarters in British Columbia, Canadian Business Journal

Vancouver, British Columbia, March 7, 2022 (GLOBE NEWSWIRE) — Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) (“Electra Meccanica” or “Company”, a designer and manufacturer of electric vehicles that will revolutionize the driving experience of the city. Today, the new site for Global Corporate Headquarters in Burnaby, British Columbia – part of the Vancouver area.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9fa56cc0-4b36-425c-9cfb-2a72a45be7ff.

A short drive from downtown Vancouver, the new headquarters offers 14,000 square feet of expansion for our engineering, accounting, finance, human resources, logistics, and operations departments to operate under a single roof for the first time. .. This will increase collaboration and productivity, improve corporate culture, and support the company’s growth initiatives.

Kevin Pavlov, Chief Executive Officer of Electra Meccanica, said: “The new headquarters will serve as the epicenter of growth initiatives to focus on the infrastructure that supports global production ramps and ensure the success of the company as a whole. With a focus on sustainability built into our culture, it is imperative that the new Canadian headquarters embody these efforts. So far, the new building has environmentally friendly LED lighting, Includes motion light cutoff, energy-efficient heating and cooling system, and ergonomic furniture to provide a comfortable environment for both employees and visitors. “

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e18b543-59c7-4b2d-9741-1da5841344e9.

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.

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

Publicist
Amy Pandia
R & CPMK
(310) 967-3418
amy.pandya@rogersandcowanpmk.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 the forward-looking statements, but the actions, events or outcomes are expected, estimated, or results. 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 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 offer, solicitation, or sale is illegal prior to registration or qualification. It will never be done. Under the securities law of such jurisdiction.


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Electra Meccanica Announces New Global Headquarters in British Columbia, Canadian Business Journal

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