ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) has revved up its agreement with retail property giant Unibail-Rodamco-Westfield (URW) to extend its lease on an existing outlet to sell its signature single-seat SOLO electric vehicle in California, while also tacking on a new one in the same state.
The Vancouver-based electric car maker said that, “based on initial success,” it will not only extend the lease on its current SOLO EV storefront located at Westfield Century City, in Los Angeles, but open another storefront in “the second half of 2020” at Westfield Fashion Square, an upscale shopping center in Sherman Oaks, California.
The Sherman Oaks neighborhood in the San Fernando valley of California has high-end boutiques, restaurants and malls. ElectraMeccanica said that it is continuing to evaluate “additional locations” within its initial target markets “across the west coast” of the United States.
“Our exceptional relationship with URW continues to progress from the success of our first SOLO EV storefront at Westfield Century City in Los Angeles,” said ElectraMeccanica Vehicles CEO Paul Rivera in a statement.
“As we expand into our second storefront location and beyond, we continue to improve our marketing program to appeal to early adopters and consumers looking for a safe, environmentally responsible and fun EV,” he added.
ElectraMeccanica is developing the innovative, all-electric SOLO, a single passenger vehicle, as well as the Tofino, a high-performance two-seater electric roadster sports car. The SOLO is a three-wheeled single-passenger car that boasts a top speed of 100 miles per hour on a 17.3-kilowatt hour battery pack and sells for approximately $18,500 – around half the price of a Tesla.
Ruben Perez, senior vice president of leasing, at Unibail-Rodamco-Westfield said “the SOLO will be the first electric vehicle kiosk” at a Westfield center.
“With interest in EVs and alternative transportation continuing to rise, we think it makes the perfect addition to two of our dynamic destinations in the Los Angeles area,” noted Perez.
Separately, ElectraMeccanica also announced that former Canadian senator Jack Austin is retiring from the car company’s board.
“Jack has been an active and engaged board member and will be missed. We are pleased to see Jack devote more time to family and personal affairs, after so many years of public service,” said Rivera.
Contact the author Uttara Choudhury at [email protected]
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