“Electra Meccanica intends to use the net proceeds from this offering for plant and equipment, production molds, sales and marketing and inventory associated with the mass production of its SOLO electric vehicle by Zongshen Industrial Group Co. Ltd., initial deliveries of which are anticipated in the fall of 2018.”
See Electra Meccanica Announces Nasdaq Listing and Pricing of $10 Million Public OfferingIt’s been a long time coming but EMV is getting serious about production. They are now listed on NASDAQ and offering shares and warrants to fund start up of production in China. It’s about time…
I’ve been disappointed they could not ramp up production in Canada but their sole production facility in Vancouver is mostly used for prototypes and new designs. It’s all good as long as I get my shiny RED Solo.
UPDATE – Today’s (2018-08-09) EMV Update revealed that containers have already been booked for the first shipments from China and an EMV office in Los Angeles has been set up in an old BMW dealership in Studio City. Demonstrators are already there being registered. Deliveries should start to roll in and out by October. The assembly line in China is almost ready to go.