Electrameccanica Vehicles Corp.
SOLOW
NASDAQ Capital Market0.01
USD
+0.00
- -
CIK
0001637736
CUSIP
284849114
Return %
Stock
S&P500
1Y
-94.59
26.53
3Y
-99.30
76.60
5Y
-98.40
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Susan E. Docherty
- Full Time Employees
- 34
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- 8057 North Fraser Way Burnaby BC Canada V5J 5M8
- IPO Date
- Aug 9, 2018
- CIK
- 0001637736
- Website
- electrameccanica.com
- Similar Companies
- Business
- ElectraMeccanica Vehicles Corp (SOLOW) designs, manufactures and sells electric vehicles principally targeting urban commuters, commercial fleets, delivery services and shared mobility markets in the United States and Canada; the company's flagship product is the SOLO, a single-seat, three-wheeled electric vehicle offering up to 100 miles of range, top speeds of 80 mph, front and rear crumple zones, side impact protection, power steering, power brakes, air conditioning and Bluetooth entertainment; additional products in development include the Tofino, an all-electric high-performance two-seater roadster, and the Super Solo sports variant; it also provides vehicle services, repairs, support, parts sales and operates through direct-to-consumer marketing, corporate stores and online platforms. Founded in 2015 and headquartered in Mesa, Arizona, with prior bases in Vancouver, British Columbia, the company draws on over 60 years of automotive heritage via subsidiary Intermeccanica, a specialist in high-end custom cars; it maintains manufacturing capabilities including in-house prototyping and partnerships such as with Zongshen Industrial Group for pre-production. ElectraMeccanica underwent a full buyback and stop-drive recall of SOLO G2/G3 models (2019 and 2021-2023) in March 2024 due to propulsion loss issues affecting 429 units, ceasing independent consumer vehicle support; in 2024, Xos Inc, an electric truck manufacturer, completed an all-stock acquisition adding approximately $48 million to Xos' balance sheet, with former ElectraMeccanica shareholders owning about 21% of the combined entity, enabling strategic pivot to commercial EV expansion, U.S. market acceleration and cost efficiencies targeting profitability.