ElectraMeccanica Declares Strategic Settlement with Bosch to Launch Preliminary Service Community for Flagship SOLO EV

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VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) — ElectraMeccanica Autos Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Firm”), a designer and producer of electrical automobiles revolutionizing the city driving expertise, has signed a strategic settlement with Robert Bosch LLC (“Bosch”), a number one international mobility options and industrials know-how agency, to determine a service community of unbiased car restore outlets accredited by Bosch (the “Bosch Automotive Service Community”). The Bosch Automotive Service Community will assist service and upkeep operations for ElectraMeccanica’s flagship SOLO EV starting with the business launch areas all through the western United States after which increasing all through the remainder of america.

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The Bosch Group is a number one international provider of know-how and companies with operations in Mobility Options, Industrial Know-how, Shopper Items, and Power and Constructing Know-how. The Bosch Automotive Service community offers a full-service providing, delivering an impressive high quality service with a private contact and a community that covers all makes and varieties of automobiles, together with gasoline, diesel, electrical or hybrid.

The strategic settlement is structured as a collaboration on a pilot program utilizing the Bosch Automotive Service community in choose service areas to offer restore and upkeep companies for the Firm’s automobiles. This system will present a way to co-create optimized processes, companies, methods and methodologies for ElectraMeccanica automobile upkeep and restore companies whereas minimizing automobile upkeep downtime and repair prices.

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“Bosch’s know-how, innovation and extremely expert technicians make it uniquely geared up for the upkeep and restore of our flagship single-seat SOLO electrical automobile (EV),” stated Kevin Pavlov, CEO of ElectraMeccanica. “With elevated deliveries to early reservation holders and fleet homeowners already underway in our key goal markets, we wanted a trusted supplier to deal with any service repairs or upkeep our automobiles could require.

“Bosch’s international community of Bosch Automotive Service restore outlets, which undergo a professional certification course of, aligns properly with ElectraMeccanica’s specialised SOLO EV upkeep and restore coaching. Our SOLO is a function constructed automobile assembly top of the range and security requirements, and we hope that our prospects can discover confidence in a world-class accomplice like Bosch, for any service or restore wants,” concluded Pavlov.

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“Bosch is dedicated to future proofing our Bosch Automotive Service community and offering all EV prospects excessive caliber, dependable service,” Emily Eastman, Strategic Partnerships Supervisor at Bosch. “We’re delighted to see this imaginative and prescient come to life by working with a forward-thinking OEM like ElectraMeccanica. We respect their complementary values in know-how and innovation and stay up for what the way forward for this collaboration holds.”

In regards to the Bosch Group
The Bosch Group is a number one international provider of know-how and companies. It employs roughly 394,500 associates worldwide (as of December 31, 2020). In keeping with preliminary figures, the corporate generated gross sales of $87.1 billion in 2020. Its operations are divided into 4 enterprise sectors: Mobility Options, Industrial Know-how, Shopper Items, and Power and Constructing Know-how. As a number one IoT supplier, Bosch affords revolutionary options for good properties, Business 4.0, and linked mobility. Bosch is pursuing a imaginative and prescient of mobility that’s sustainable, secure, and thrilling. It makes use of its experience in sensor know-how, software program, and companies, in addition to its personal IoT cloud, to supply its prospects linked, cross-domain options from a single supply. The Bosch Group’s strategic goal is to facilitate linked residing with merchandise and options that both include synthetic intelligence (AI) or have been developed or manufactured with its assist. Bosch improves high quality of life worldwide with services and products which can be revolutionary and spark enthusiasm. Briefly, Bosch creates know-how that’s “Invented for all times.” The Bosch Group contains Robert Bosch GmbH and its roughly 440 subsidiary and regional firms in 60 international locations. Together with gross sales and repair companions, Bosch’s international manufacturing, engineering, and gross sales community covers practically each nation on the planet. The idea for Bosch’s future progress is its revolutionary energy. At 126 areas throughout the globe, Bosch employs some 73,000 associates in analysis and improvement, in addition to roughly 30,000 software program engineers.

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Extra data is out there on-line at www.bosch.us , www.iot.bosch.com , https://us.bosch-press.com , https://twitter.com/BoschPress

About ElectraMeccanica Autos Corp.  
ElectraMeccanica Autos Corp. (NASDAQ: SOLO) is a Canadian designer and producer of environmentally environment friendly electrical automobiles (EVs). The corporate’s flagship automobile is the revolutionary, purpose-built, single-seat EV referred to as the SOLO . This three-wheeled automobile will revolutionize the city driving expertise, together with commuting, supply and shared mobility. Engineered for a single occupant, it affords a singular driving expertise for the environmentally acutely aware shopper. The SOLO has a spread of 100 miles and a high pace of 80 mph, making it secure for highways. The SOLO additionally options entrance and rear crumple zones, aspect influence safety, roll bar, torque-limiting management in addition to energy steering, energy brakes, air con and a Bluetooth leisure system. It blends a contemporary look with security options at an accessible worth level of $18,500. The SOLO is at present out there for pre-orders here . InterMeccanica, a subsidiary of ElectraMeccanica, has efficiently been constructing high-end specialty vehicles for 61 years. For extra data, please go to  www.electrameccanica.com .

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Secure Harbor Statements
Aside from the statements of historic truth contained herein, the data offered on this information launch constitutes “forward-looking statements” as such time period is utilized in relevant United States and Canadian securities legal guidelines. These statements relate to analyses and different data which can be primarily based on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration. Any statements that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency (usually, however not all the time, utilizing phrases or phrases akin to “anticipates”, “estimates”, “initiatives”, “expects”, “contemplates”, “intends”, “believes”, “plans”, “could”, “will”, or their negatives or different comparable phrases) are usually not statements of historic truth and must be considered as “forward-looking statements”. Such ahead wanting statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such dangers and different components embody, amongst others, the costs of different electrical automobiles, prices related to manufacturing automobiles, the supply of capital to fund enterprise plans and the ensuing dilution attributable to the elevating of capital by way of the sale of shares, adjustments within the electrical automobile market, adjustments in authorities regulation, developments in various applied sciences, inexperience in servicing electrical automobiles, labour disputes and different dangers of the electrical automobile business together with, with out limitation, these related to the delays in acquiring governmental approvals and/or certifications. Though the Firm has tried to determine necessary components that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. There could be no assurance that such statements will show to be correct as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements contained on this information launch and in any doc referred to on this information launch. Ahead-looking statements are made primarily based on administration’s beliefs, estimates and opinions on the date the statements are made, and the Firm undertakes no obligation to replace forward-looking statements if these beliefs, estimates and opinions or different circumstances ought to change, besides as required by relevant legislation. Such forward-looking statements mirror our present views with respect to future occasions and are topic to sure dangers, uncertainties and assumptions, together with, the dangers and uncertainties outlined in our most up-to-date monetary statements and stories and registration assertion filed with america Securities and Alternate Fee (the “SEC”) (out there at www.sec.gov) and with Canadian securities directors (out there at www.sedar.com). Though the Firm believes that the beliefs, plans, expectations and intentions contained on this information launch are cheap, there could be no assurance these beliefs, plans, expectations or intentions will show to be correct. Traders ought to take into account the entire data set forth herein and also needs to consult with the chance components disclosed within the Firm’s periodic stories filed from time-to-time with the SEC. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities of the Firm nor shall there be any sale of those securities in any jurisdiction wherein such provide, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction.

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MZ Group
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SOLO@mzgroup.us

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