Electra Meccanica Vehicles Corp.
The man and his company are on a mission: To see the last gas station on Earth close.
“This is something I take very seriously,” Electra Meccanica CEO Jerry Kroll said by phone from a test-drive event Dec. 5 in California for the company’s single-seat Solo electric car.
Throughout 2018, the Vancouver-based company inched ever closer to that goal. In May, it received U.S. certification for the Solo and in early August Electra Meccanica went public (NASDAQ: SOLO) to raise capital.
The seed money is for volume production of the Solo by China based Zongshen Industrial Group, a deal that was inked in 2017. Kroll said the plan is to build 5,000 Solos in 2019, destined for California, Oregon and Washington state.
The first of the three-wheeled EVs rolled off the line in China on Dec. 2. Up to that point, about 50 had been built in B.C. over the last 18 months, mostly for early adopters and evaluation.
At the California event, Kroll said that about 10 per cent of people taking test drives have put down the $250 deposit to own the Solo, which retails for about US $15,000, not including any government rebates. In Canada, the price is just under $20,000.