VANCOUVER, British Columbia, May 11, 2022 (GLOBE NEWSWIRE) — ElectraMeccanica Corp. Vehicles (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles specifically designed for city and suburban delivery and commuter needs, today announced that the company will introduce its SOLO Cargo EV for the first time at National Restaurant Association Show which will take place at McCormick Place in Chicago, IL from May 21-24.

The SOLO Cargo EV is one of the only commercially viable, delivery-ready electric vehicles designed around the principle that most catering and food delivery businesses do not need – and are often disadvantaged by – the use of full-size cars, vans, or trucks. The SOLO Cargo vehicle also offers safety, weather and temperature protection advantages over two-wheeled options such as scooters, motorcycles and bicycles. The all-electric, three-wheeled solution – which is available to order now for business customers – offers restaurateurs, chains and franchisees a more efficient and cost-effective alternative to traditional third-party delivery options. The SOLO Cargo EV also offers customers a branded packaging option that promotes their business, while ensuring that the quality of their product remains in their control. The SOLO Cargo EV has a lower total cost of ownership than traditional ICE vehicles and is supported by the delivery of complete, ready-to-use fleets, as well as packaging, upfitting and telematics.

“Delivery has never been more important in the takeout industry, which is exactly why every restaurant needs a smaller, electric, enclosed delivery vehicle option,” said Kevin Pavlov, CEO from ElectraMeccanica. “SOLO Cargo is truly the only name in this game that is ready to meet the needs of businesses and their customers right now. We look forward to introducing our SOLO Cargo to the nation’s largest restaurant chains, which can achieve outsized operational and marketing value through reduced carbon footprints and transportation costs.

The SOLO Cargo EV is now available to order by phone or email – all at an accessible MSRP of $24,500. First shipments are scheduled for June 2022. For more information, or to place an order or schedule a meeting with an ElectraMeccanica representative, please call 1-888-457-SOLO or email [email protected].

About ElectraMeccanica Vehicles Corp.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of energy-efficient electric vehicles (EVs). The company‘s flagship vehicle is the innovative, purpose-built single-seat electric vehicle called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Designed for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Depending on driving conditions, temperature and air conditioning controls, the SOLO has a range of up to 100 miles and a top speed of up to 80 mph. the SOLO also includes 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 combines a modern look with safety features at an accessible price of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-focused model. SOLO Cargo model, which features an enlarged cargo bed to fit a wide variety of fleet and commercial applications. the SOLO is currently available to order here. For more information, please visit www.electrameccanica.com.

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Safe Harbor Statements

Except for statements of historical fact contained in this press release, the information set forth in this press release constitutes “forward-looking statements” as that term is used in applicable United States and Canadian securities laws. These statements relate to analyzes and other information that are based on forecasts of future results, estimates of amounts not yet determinable and management’s assumptions. Any statement that expresses or implies discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, or future events or performance (often, but not always, using words or phrases such that “anticipates”, “estimates”, “plans”, “expects”, “intends”, “intends”, “believes”, “plans”, “may”, “will”, or their negatives or other comparable words) are not statements of historical fact and should be considered “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. forward-looking statements. These risks and other factors include, among others, the prices of other electric vehicles, the costs associated with manufacturing vehicles, the availability of capital to fund business plans, and the resulting dilution caused by raising capital through the sale of shares, changes in the electric vehicle market, changes in government regulations, developments in alternative technologies, inexperience in servicing electric vehicles, labor disputes and other risks of the electric vehicle industry, including, without limitation, those associated with delays in obtaining government approvals and/or certifications. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause the actions, events or results are not those intended, 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. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release and any document referred to in this press release. Forward-looking statements are made based on the beliefs, estimates and opinions of management as of the date the statements are made, and the Company undertakes no obligation to update any forward-looking statements if such beliefs, estimates and opinions or other circumstances were to change, except as required by applicable law. These forward-looking statements reflect our current views regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties described in our most recent financial statements and reports and the registration statement filed with the United States. Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities regulators (available at www.sedar.com). Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be correct. Investors should consider all information presented herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time to time with the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Company and there will be no sale of such securities in any jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification. under the securities laws of such jurisdiction.