ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp. said it has commenced the first commercial deliveries of its flagship single-seat SOLO electric vehicle (EV) as part of an invitation-only unveiling event held in Los Angeles on October 4.
The event was hosted by senior management at the Universal Hilton Hotel, adjacent to the iconic Universal Studios and a brief drive from the Los Angeles ElectraMeccanica Service and Pre-Delivery Inspection Facility.
The company said initial deliveries were provided to early consumer reservation holders and the first fleet customers, including Skechers USA (NYSE:SKX), Faction Technology, Cyber Yogurt, and a popular Southern California Ruby’s Diner franchisee.
READ: ElectraMeccanica says its flagship SOLO EV selected as exclusive vehicle for celebrity race during Canadian E-Fest
“The initial customer deliveries of our flagship SOLO EV marks a transformational milestone not only for ElectraMeccanica, but for the future of the electric vehicle industry,” CEO Kevin Pavlov said in a statement.
“As the first production SOLOs hit the road, I was reminded that bringing a revolutionary, production-ready EV to market is no small feat - particularly one as unique and differentiated as our three-wheeled, single-seat SOLO.
"As we look ahead, we will continue to ramp production to meet the ever-growing demands for right-sized EVs with a practical everyday use and helping to create sustainable value for our customers and shareholders alike.”
The company said it will continue to increase production alongside its manufacturing partner and strategic investor, Zongshen Industrial Group, which produced early SOLO vehicles primarily for retail expansion, test drive events, fleet demonstrations, marketing, and final on-road engineering enhancements.
To support increased production capacities from continued demand, ElectraMeccanica said it remains on track to complete its new US Assembly and Engineering Technical Center in Mesa, Arizona in 2022, which will have the capacity to produce up to 20,000 vehicles per year.
ElectraMeccanica is a Canadian designer and manufacturer of environmentally efficient EVs. SOLO, its flagship vehicle, is a purpose-built, single-seat, three-wheeled vehicle that it expects to revolutionize the urban driving experience, including commuting, delivery and shared mobility.
Contact the author at stephen.gunnion@proactiveinvestors.com