A small automobile company headquartered in a city with outrageous house prices wants you to buy shares. Electra Meccanica Vehicles Corp., the Vancouver-based builder of three-wheeled electric vehicles, has announced its listing on the NASDAQ.
The company’s $10 million public offering went live Thursday, listed as SOLO (common shares) and SOLOW (warrants). As you probably figured, Electra Meccanica calls its vehicle the “Solo,” which, as you also probably figured, carries a single occupant.
Looking like all three-wheelers do (strange), the Solo targets the cost-conscious commuter.
Buy an Electra Meccanica SOLO and never argue with a passenger again.
The Vancouver-based company’s single-seat, three-wheeled electric commuter vehicle went on sale in Canada today, promising a range of about 100 miles and plenty of double takes from other motorists.