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The Markets
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The Markets
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ElectraMeccanica Vehicles to showcase its SOLO Cargo EV at Chicago show from May 21-24, 2022

"Delivery has never been a bigger part of the to-go food business, which is exactly why every restaurant needs a smaller, electric, enclosed-delivery-vehicle option," said Kevin Pavlov, CEO of ElectraMeccanica

ElectraMeccanica (NASDAQ:SOLO) Vehicles Corp has said it will showcase its SOLO Cargo EV for the first time at the National Restaurant Association Show at McCormick Place in Chicago from May 21-24, 2022.

The all-electric, three-wheeled vehicles - now available for order for business customers - offers restaurant owners, chains and franchises a more efficient and cost-effective alternative to traditional third-party delivery options, the company said.

"Delivery has never been a bigger part of the to-go food business, which is exactly why every restaurant needs a smaller, electric, enclosed-delivery-vehicle option," Kevin Pavlov, CEO of ElectraMeccanica said in a statement. "SOLO Cargo is really the only name in that game that's ready to meet the needs of businesses and their customers right now. We can't wait to introduce our SOLO Cargo to the biggest restaurant chains in the nation, who can get outsized operating and marketing value from shrinking carbon footprints and lower transport costs."

READ: ElectraMeccanica appoints automotive veteran William Quigley III to its board

The SOLO Cargo EV is one of the only delivery-ready, commercially-viable electric vehicles and provides customers with an option for branded wrapping promoting their businesses. The SOLO Cargo EV has a lower total cost of ownership compared to traditional internal combustion engine vehicles and is supported by delivery of completed, ready-to-go fleets.

The SOLO Cargo EV is now available at a manufacturer-suggested retail price of $24,500 with first deliveries planned for June 2022.

Engineered for a single occupant, the SOLO offers a unique driving experience for the environmentally-conscious consumer. Depending on driving conditions, temperature and climate controls, the SOLO has a range of up to 100 miles and a top speed of up to 80 mph. It also 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.

Contact the author at jon.hopkins@proactiveinvestors.com

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