ElectraMeccanica announces strategic agreement with Bosch



VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) – ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and manufacturer of electric vehicles revolutionizing the urban driving experience, has signed a strategic agreement with Robert Bosch LLC (“Bosch”), a global leader in mobility solutions and industrial technologies, to establish a network of independent Bosch authorized automotive repair shop services (the “Bosch Automotive Service Network”). The Bosch Car Service Network will take over service and maintenance operations for ElectraMeccanica’s flagship product SOLO EV starting with commercial launch sites in the western United States and then expanding into the rest of the United States.

The Bosch Group is one of the world’s leading providers of technology and services with activities in mobility solutions, industrial technology, consumer goods, and energy and building technology. The Bosch Car Service network offers a comprehensive service offering, offering exceptional quality service with a personal touch and a network that covers all makes and types of vehicles, including gasoline, diesel, electric or the hybrid.

The strategic agreement is structured as a collaboration on a pilot program using the Bosch Car Service network in selected service areas to provide repair and maintenance services for Company vehicles. The program will provide a means to co-create optimized processes, services, systems and methodologies for ElectraMeccanica vehicle maintenance and repair services while minimizing vehicle maintenance downtime and service costs.

“Bosch technology, innovation and highly skilled technicians make it unique for the maintenance and repair of our flagship single-seater. SOLO electric vehicle (EV), ”said Kevin Pavlov, CEO of ElectraMeccanica. “With the increase in deliveries to early booking holders and owners of fleets already underway in our key target markets, we needed a trusted supplier to handle any repairs or maintenance our vehicles might require.

“Bosch’s global network of Bosch Car Service repair shops, which go through a qualified certification process, aligns well with ElectraMeccanica’s specialist network. SOLO Training in maintenance and repair of electric vehicles. Our SOLO is a specially designed vehicle meeting the highest quality and safety standards, and we hope our customers can trust a world-class partner like Bosch for any maintenance or repair needs, ”Pavlov concluded.

“Bosch is committed to sustaining our Bosch Car Service network and providing all electric vehicle customers with reliable, high-caliber service,” Emily Eastman, Head of Strategic Partnerships at Bosch. “We are delighted to see this vision come to life by working with a forward-thinking equipment manufacturer like ElectraMeccanica. We appreciate their complementary values ​​in technology and innovation and look forward to the future of this collaboration.

About the Bosch Group
The Bosch Group is one of the world’s leading providers of technology and services. It employs around 394,500 people worldwide (as of December 31, 2020). According to preliminary figures, the company generated sales of $ 87.1 billion in 2020. Its operations are divided into four business segments: mobility solutions, industrial technology, consumer goods and consumer technology. energy and building. As a leading IoT provider, Bosch offers innovative solutions for smart homes, industry 4.0 and connected mobility. Bosch pursues a vision of sustainable, safe and exciting mobility. It uses its expertise in sensor technology, software and services, as well as its own IoT cloud, to provide its customers with connected and cross-domain solutions from a single source. The Bosch Group’s strategic goal is to make connected life easier with products and solutions that contain artificial intelligence (AI) or that have been developed or manufactured with its help. Bosch is improving the quality of life around the world with innovative products and services that inspire enthusiasm. In short, Bosch is creating technology “invented for life”. The Bosch Group comprises Robert Bosch GmbH and its approximately 440 subsidiaries and regional companies in 60 countries. Including business and service partners, Bosch’s global manufacturing, engineering and sales network covers nearly every country in the world. The basis for Bosch’s future growth is its innovative strength. At 126 locations around the world, Bosch employs around 73,000 research and development people, as well as around 30,000 software engineers.

Additional information is available online at www.bosch.us, www.iot.bosch.com, https://us.bosch-press.com, https://twitter.com/BoschPress

About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of fuel-efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built single-seater 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. The SOLO has a range of 100 miles and a top speed of 80 mph, which makes it safe for highways. The SOLO 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. It combines a modern look with safety features at an affordable price of $ 18,500. The SOLO is currently available for pre-order here. InterMeccanica, a subsidiary of ElectraMeccanica, has been successfully building high-end special cars for 61 years. For more information, please visit www.elecrameccanica.com.

Safe Harbor declarations
With the exception of the statements of historical fact contained herein, the information presented in this press release constitutes “forward-looking statements” as the term is used in applicable securities laws in the United States and the United States. Canada. These statements relate to analyzes and other information which are based on forecasts of future results, estimates of amounts not yet determinable and management’s assumptions. Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance (often, but not always, using words or phrases such as that “anticipates”, “estimates”, “projects”, “expects”, “considers”, “intends”, “believes”, “considers”, “may”, “will”, or their negative 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 which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by these. forward-looking statements. These risks and other factors include, but are not limited to, 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 by 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 in the electric vehicle industry, including including, without limitation, those associated with delays in obtaining government approvals and / or certifications. Although the Company has attempted to identify material factors which could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors which may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors which may cause actions, events or results are not those anticipated, 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. Therefore, readers should not place undue reliance on any forward-looking statements contained in this press release and in any documents referred to in this press release. Forward-looking statements are made based on the beliefs, estimates and opinions of management at the date the statements are made, and the Company assumes 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 with respect to 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 from the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and from the 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 take into account all information contained in this document and should also refer to the risk factors disclosed in the periodic reports of the Company 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 any securities of the Company and there will be no sale of such securities in any jurisdiction in which such an offer, solicitation or sale would be. illegal before registration or qualification. under the securities laws of such jurisdiction.

Investor Relations Contact
MZ Group
(949) 259-4987
[email protected]

PR contact
Amy pandia
(310) 967-3418
[email protected]



Comments are closed.