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ElectraMeccanica expands retail footprint with seven additional US locations

These direct-to-consumer retail centers include the company’s first locations in Colorado and Washington, as well as additional locations in California, Arizona, and Oregon.

ElectraMeccanica - ElectraMeccanica expands retail footprint with seven additional US locations
ElectraMeccanica said it now maintains a total of 20 locations in 10 major metropolitan areas

ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) announced Wednesday the expansion of its retail footprint into seven additional US locations along the West Coast. 

These direct-to-consumer retail centers include the company’s first locations in Colorado and Washington, as well as additional locations in California, Arizona, and Oregon. 

Following the opening of these new locations, ElectraMeccanica said it now maintains a total of 20 locations in 10 major metropolitan areas within five states in the western US. 

READ: ElectraMeccanica revs up strong interest as it expands retail locations, and gears up for the 'SOLO Drive Tour'

The new locations are set to open in May and June in traditional, high-end malls and town centers, including Arden Fair Mall in Sacramento; Clackamas Town Center in Portland; Alderwood Mall in Seattle; Chandler Fashion Center in Chandler, Arizona; Park Meadows in Lone Tree, Colorado; Del Amo Fashion Center in Torrance, California; and The Shops at Mission Viejo in Mission Viejo, California. 

“Our ongoing retail expansion campaign aligns with our long-term strategic growth initiative to establish direct-to-consumer outlets that showcase the SOLO to eco-conscious consumers,” said CEO Paul Rivera in a statement. 

“With the opening of these additional locations, we aim to create a personalized shopping experience, garner increased awareness of the SOLO brand and extend our geographic footprint into areas that are well-suited for a multi-use, urban ecosystem for personal, commercial, utility and fleet applications.”

The company said its retail expansion program is designed to create a personalized, smart and frictionless shopping experience, offering customers the opportunity to explore the ins and outs of the vehicle and place reservations for the SOLO EV, both online and in person.

ElectraMeccanica added that its sales experts are standing by at each location to assist prospective customers and deliver the “Drive SOLO” experience to all interested parties.

The SOLO is a purpose-built, three-wheeled, all-electric solution for the urban environment. Engineered for a single occupant, it offers a unique driving experience for the environmentally-conscious consumer. 

The SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. The SOLO features front and rear crumple zones, side-impact protection, roll bar, torque-limiting control, as well as power steering, power brakes, air conditioning, and a Bluetooth entertainment system. It blends a modern look with safety features at an accessible price point of $18,500.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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NASDAQ:SOLO
Market: NASDAQ
Market Cap: $608.07 m
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