Benzinga | Oct 14, 2021 12:08PM EDT

Electrameccanica Partners With Bosch To Launch Service Network

* Electrameccanica Vehicles Corp (NASDAQ:SOLO) has signed an agreement with Robert Bosch LLC to establish a service network of independent automobile repair shops approved by Bosch. The financial terms of the arrangement were not disclosed.

* The Bosch Car Service Network will support service and maintenance operations for Electrameccanica's SOLO EV, starting with the commercial launch locations in the western U.S.

* Electrameccanica expects the program to provide a means to co-create optimized processes, services, systems, and methodologies for vehicle maintenance and repair services.

* Price Action: SOLO shares are trading lower by 1.44% at $3.42 on the last check Thursday.