Benzinga | Sep 15, 2021 01:42PM EDT

ElectraMeccanica To Begin Customer Deliveries Of SOLO EV

* ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) is starting customer deliveries of its flagship single-occupant, three-wheeled, all-electric vehicle, the SOLO.

* The company plans to officially begin delivering keys to customers at a special launch event scheduled for October 4.

* ElectraMeccanica began production of the SOLO EV with its manufacturing partner and strategic investor, Zongshen Industrial Group.

* ElectraMeccanica plans to steadily increase deliveries to other reservation holders and customers as production continues to ramp.

* The company recently introduced a new fleet and commercial version of the SOLO Cargo EV.

* In May, the company began construction of its 235,000 sq. ft. U.S. assembly facility and engineering technical center in Mesa, AZ.

* Price Action: SOLO shares are trading higher by 0.64% at $3.29 on the last check Wednesday.