Electra Meccanica Wins Automotive Innovation Award at CES

VANCOUVER, Jan. 16, 2018 /CNW/ - Canadian auto manufacturer Electra Meccanica (OTCQB: ECCTF) announced today that the Company has been awarded the Automotive Innovation Award by IHS Markit, a world leader in critical information, analytics and expertise, at ShowStoppers® at Consumer Electronics Show (CES) 2018, for its new SOLO electric vehicle.  

The Innovation Awards at ShowStoppers® took place last week in Las Vegas, Nevada. At the event Electra Meccanica presented the SOLO, an all-electric commuter vehicle designed and built in Vancouver, Canada. With a 100-mile range, the single-seater SOLO addresses the needs of the nearly 80 percent of Americans commuting to work alone in their personal vehicle¹.

"It is an honor to receive the Automotive Innovation Award from IHS Markit for our all-electric SOLO, the de facto electric car for daily commuters and the environmentally conscious," said Jerry Kroll, CEO of Electra Meccanica. "We are grateful for the recognition and welcome others to join us in our vision for a cleaner planet."

The SOLO retails at $15,500 USD, and interested consumers can place a fully-refundable $250 USD deposit by visiting EMVauto.com. A publically held company, Electra Meccanica began trading on the OTCQB exchange in September of this year, and announced its application filing for NASDAQ Capital Markets listing last October.

About ElectraMeccanica Vehicles Corp.

Electra Meccanica, a Canadian-based designer and manufacturer of electric vehicles, builds the innovative, all-electric SOLO, a single passenger vehicle developed to revolutionize the way people commute, as well as the Tofino convertible, an elegant high-performance sports car. Both vehicles are tuned for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly. 

Intermeccanica has successfully been building high-end specialty cars for 58 years. Electra Meccanica, with its subsidiary Intermeccanica, is delivering next generation affordable electric vehicles to the masses.

More information can be found at EMVauto.com.

^[1] US Dept. of Transportation: http://bit.ly/28TtPyH

Cautionary Statement Regarding "Forward-Looking" Information

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

SOURCE Electrameccanica Vehicles Corp.

Investor Relations Information: Sam Woolf, Investor Relations Coordinator Tel. [phone], Email [email protected]; Media Contact Information: Jeff Holland, Head of Media Relations Tel. [phone], Email: [email protected]; Zoe Tobin, KCSA, Tel. [phone], Email: [email protected]