ElectraMeccanica publishes financial results for the second quarter of 2022

VANCOUVER, British Columbia–(BUSINESS THREAD)–ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, today reported financial results for the second quarter ended June 30, 2022 in a combined with the presentation of its Quarterly Report in form 6-K.

For more information about the quarter, see the Letter from the company’s investoror listen the recorded observations of management about the results.

About ElectraMeccanica Vehicles Corp.

ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built single-seater electric vehicle called 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 climate controls, the SOLO has a range of up to 100 miles and a top speed of up to 80 mph. The SOLO also features front and rear crumple zones, side-impact protection, a 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 affordable price of $18,500 (MSRP) for the consumer model and $24,500 (MSRP) for the delivery-oriented SOLO Cargo model, which includes an expanded cargo box to accommodate a wide variety of fleets and commercial applications. The SOLO is currently available for order here. For more information, visit www.electrameccanica.com.

Safe harbor declaration

Except for statements of historical fact contained herein, the information presented in this press release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements,” as such term is used in the States United States and applicable in the United States. Canadian laws and including, without limitation, the meaning of the Private Securities Litigation Reform Act of 1995, under which the Company claims safe harbor protection for forward-looking statements. 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 other statement expressing or implying discussions of predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance (often, but not always, using words or phrases such as “expect” or “do not expect.”, “expects”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “might”, “could” or “should be taken, will occur or be achieved”) are not statements of historical fact and should be viewed as forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and other factors include, but are not limited to, the availability of capital to fund programs and the resulting dilution caused by raising capital through the sale of shares, accidents, labor disputes and other risks in the automotive industry , including without limitation those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities or claims limitations on insurance coverage. 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 could cause actions, events or results to differ materially from those described in the forward-looking statements. those expected, estimated or expected. There can be no assurance that these statements are accurate, as actual results and future events could differ materially from those anticipated in these statements. Although the company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those anticipated. Many of these factors are beyond the Company’s ability to control or predict. Important factors that could cause actual results to differ materially and that could affect the company and the statements contained in this press release can be found in the company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or supplement any forward-looking statement, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release and any documents referred to in this press release. This press release will not constitute an offer to sell or the solicitation of an offer to buy securities.


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