Vancouver-based electric car company rings NASDAQ opening bell

Sep 6 2018, 9:02 pm

Electra Meccanica is aiming to attain a larger share of the rapidly growing global market for electric vehicles, and its latest venture into the NASDAQ marks a major milestone in the company’s upward trajectory.

The Vancouver-based electric car company went public on the NASDAQ last Friday, and to celebrate the occasion it was invited to ring the opening bell at Times Square in New York City.

Electra Meccanica SOLO

Electra Meccanica’s SOLO in the streets of New York City. (Electra Meccanica)

Its flagship vehicle, the SOLO, is a three-wheeled, single-passenger car with a 160-km range and a top speed of 130 km/h, with an acceleration that can go from zero to 60 km/h in eight seconds.

While it is compact, there is still enough space to store a suitcase.

“Our SOLO, the all-electric, single-passenger vehicle is a revolutionary solution to commuting. As a Company focused on developing innovative solutions, it has been a perfect fit to join the Nasdaq, the leading exchange for tech companies,” said Jerry Kroll, Chairman and CEO of Electra Meccanica, in a statement.

The delivery of the first batch of mass production SOLOs is scheduled for the end of 2018. This model has a starting price of $19,888 CAD.

Electra Meccanica SOLO

Electra Meccanica’s SOLO in the streets of New York City. (Electra Meccanica)

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