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ElectraMeccanica appoints investor relations firm amid commercialization of SOLO EV in the US

Published: 10:20 23 Jun 2020 EDT

ElectraMeccanica - ElectraMeccanica Vehicles Corp appoints Gateway Investor Relations for outreach as it seeks to commercialize its SOLO electric vehicle in the US
The Vancouver company is targeting the commercial launch of SOLO in Los Angeles

ElectraMeccanica Vehicles Corp (NASDAQ: SOLO) said Tuesday it has appointed Gateway Investor Relations as it seeks to commercialize its SOLO electric vehicle in the US.

Gateway, a leading strategic financial communications and capital markets advisory firm, will manage ElectraMeccanica’s expanded investor-relations program initiatives, including providing corporate messaging and other consulting services.

Gateway will work closely with ElectraMeccanica management over the coming months to develop and deploy a comprehensive outreach and communications program. 

READ: ElectraMeccanica names five states for potential US facility, tours possible Arizona locations

Activities will include but are not limited to: refining overall company and investment-oriented messaging and corporate positioning, strategic advisory services, and introductions to institutional investors, sell-side analysts and other key influencers in the broader financial community. 

Gateway will also assist in organizing road shows and securing invitations to select financial conferences and events, including its annual Gateway Conference.

“As we continue our transition into becoming a full-scale, production-focused operation, the timing is right to ensure that our message is being heard and that our progress is being recognized by the right audiences,” said ElectraMeccanica CEO Paul Rivera in a statement.

“The EV revolution continues to gain momentum within the global consumer and capital markets, which is why we’ll be looking to leverage Gateway’s extensive relationships to maximize our outreach efforts. Their proven track record in assisting emerging growth companies like ElectraMeccanica will be an invaluable resource to us as we enter into a critical phase of our Company’s development.” 

ElectraMeccanica, based in Vancouver, is targeting a commercial launch of SOLO in Los Angeles shortly followed by further rollouts along the West Coast later in the year.

The company’s stock recently traded up by 6.5% to $1.80 a share in New York. 

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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