- Electra Meccanica

Welcome to the Future of Commuting
Welcome to the Future of Commuting
Private & Confidential - August 2016
Safe Harbour Statement
The information set forth in this document contains “forward-looking statements”. Statements in this document, which are not purely
historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions regarding the future.
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that
are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance
or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are
preceded by, followed by, or that include such words as “estimate,” “anticipate,” “believe,” “plan”, “intend”, “expect”, “may” or
“should” or similar statements are forward-looking statements. Risks and uncertainties for the Company include, but are not limited
to, the risks associated with the impact of general economic conditions in countries in which the Company conducts business, the
impact of competitive products and pricing, product demand and market acceptance, new product development, the continuation
and development of key customer and supplier relationships, and the availability of high quality, qualified personnel and
management. Other risks include but are not limited to factors affecting development and expansion activities generally including
access to capital to meet all of the Company’s financial requirements, and the Company’s ability to control costs. There can be no
assurance that the Company’s efforts will succeed and the Company will ultimately achieve sustained commercial success. These
forward looking statements are made as of the date of this document, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking
statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this document are
reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. The information
contained in this document has been prepared by management of the Company who takes full responsibility for its contents. This
document shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in any jurisdiction.
The SOLO, the commuter vehicle for the masses
The Company’s goal
is to produce
affordable and
sustainable transport
by creating a
compelling mass
market product, the
SOLO, shifting the
urban commute to
becoming more
efficient, green, and
cost-effective.
The next generation of advanced electric vehicles
INTRODUCTION
Electra Meccanica is a Canadian-based designer and
manufacturer of the SOLO, an electric single passenger
vehicle, developed to revolutionize the way people commute.
The Company not only capitalizes on the growing demand for
non-polluting clean vehicles but also fills a void in the
marketplace not currently addressed by other electric car
companies.
Electra Meccanica is unleashing the proven potential of
electric vehicles (EVs) to a mass consumer, at a price point
that is affordable to every day commuters.
DEMYSTIFYING ELECTRIC VEHICLES
Tesla has already changed the way we think about the future of
energy and transportation
• No longer a question of why an EV – now a question
of how to deliver cheaper EVs to the masses.
• Tesla has already stated that “a lower cost vehicle
than the Model 3 is unlikely”, leaving the door open
for new companies like Electra Meccanica to fill the
void.
• Sustainability no longer a buzzword – it matters to
people, organizations, corporations and
governments.
Electra Meccanica is poised
to fill the void for single
passenger vehicles
• And the faster we achieve sustainability, the better is
it for us all.
MASSIVE GROWTH OF EVs
• 75% year-over-year growth
• Quebec and Ontario showed
accelerated sales, while BC
had the most notable jump
• BC is the EV leader on a percapita basis
• Quebec is the national leader
in total vehicles sold -nearly
10,000
• Quebec plans to make it
mandatory to install 240-volt
circuits in all newly built homes
• 1 out of 3 EVs sold in the US
• Last year EV sales grew by
about 60% worldwide
Sources:http:/fleetcarma.com/ev-sales-canada-2016-q1/
Journal de Montreal
http://www.bloomberg.com/features/2016-ev-oil-crisis/
BATTERIES
What we can expect during the early adopter period
High cost of batteries, shorter drives
• Battery lifespan and battery
tech is rapidly growing
• Battery prices are already
falling and are expected to
drive the demand for EVs
• Through 2030, battery packs
will require less than 1% of
the known reserves of
lithium, nickel, manganese,
and copper and 4% of the
world’s cobalt
• After 2030, new battery
chemistries will probably
shift to other source
materials, making packs
lighter, smaller, and cheaper
Source: Bloomberg New Energy Finance
BOLD AMBITION FOR EVs
Strategies, Policies, Pledges and Incentives
EV technologies are central part of policies and strategies around
lowering transportation sector emissions.
Zero Emission Vehicle (ZEV) Alliance members signed a commitment at the COP21
in Paris to promote cleaner motoring and slash transport emissions, including an
agreement to make all passenger vehicle sales zero emission vehicles by 2050.
Members include:
British Columbia
California
Connecticut
Germany
Maryland
EDUCATION
Electric Car Pledge is a
NA-wide initiative where
participants can pledge to buy
an EV – aiming to have 1M
pledges by 2017
Massachusetts
The Netherlands
New York
Norway
Vancouver Electric
Vehicle Association,
promotes use of EVs,
provides resources and
education
Oregon
Québec
Rhode Island
The United Kingdom
Vermont
Electra Meccanica has a
comprehensive plan to
engage potential customers
and investors, educate and
inform about the
advantages of EVs
GOVERNMENTS
Strategies, Policies, Pledges and Incentives
Provincial governments are monitoring GHG emissions and are providing funding
and incentives to help reduce emission levels. Many provinces are encouraging
adoption of electric cars with incentive programs and other forms of financial
assistance.
Ontario
Rebates
$14,000
Quebec
BC
$8,000
$5,000 for new battery fuelcell and plug-in hybrid
electric vehicles
$6,000 for hydrogen fuel cell
vehicles
Installation of
50% to a max of
charging station $1,000
50% to a max of
$1,000
More than 20,000 plug-in
stations in Canada;
500+ in BC, mostly in lower
mainland Vancouver
Green license
plate
EV parking only
spots
$1.59M in funding for
charging infrastructure
HOV lane when
driving alone
INTRODUCING
The SOLO is
designed to get
you to and
from work and
around town as
needed at
minimal
expense
105 million
people or 86% of
North Americans
commute alone daily
using personal
vehicles
In BC, 95% of
all urban car
trips are within
a 30 km
distance
OUR PLACE IN THE FLEET
The right time for the SOLO
100% Clean Energy
Eliminates harmful fossil fuels
• High Performance Electric Drivetrain
• Lightweight Composite Body
• Low centre of gravity
Single Person Vehicle
Large trunk space for daily errands
• Allows for higher speeds and mobility
• Attainable cruise speed of 110km/h,
Under C$20,000
The “Tesla” for the masses
$14,888 with gov’t rebates
160km Range
Only 3 hours to charge from
empty
reaching 130km/h (75mph) Top Speed
• 140 ft-lbs torque available instantly
• Battery range 8.64 kW/h using lithium ion
battery for up to 160km range
• Charging time: Dual 220/110V – 3-6 hours
COMPETITIVE LANDSCAPE
Big Players and Top Five EV Models
•
•
•
•
•
Nissan Leaf
Chevrolet Volt
Toyota Prius PHEV
Tesla Model S
Mitsubishi i-MEV
Current electric
vehicles cost between
$40,000 and
$150,000
Price Comparison
Electra Meccanica SOLO
Price
$19,888
Electric
-only
miles
Up to 160km
Price/
Range
$124.3/km
Top
Speed
120km/h
Tesla Model S
Chevrolet Volt
Nissan Leaf
$90,900+
$39,590+
$32,698+
Up to 385km
Up to 85km
Up to 133km
$236/km
$465.76/km
$245.85/km
225km/h
100km/h
150km/h
FOUNDER AND CEO
Jerry Kroll
• Jerry is a socially responsible
entrepreneur and Championship
winning race car driver
• Over 18 years of experience in
executive management roles in tech
companies
• Founder of KleenSpeed
Technologies developing advanced
electric race cars at NASA Research
Park in California
• Focused on stationary energy storage
products
• Partnered with long time automotive
friend Henry Reisner, President of
Intermeccanica to revolutionize the
electric car market
CHIEF OPERATING OFFICER
Henry Reisner
• Henry is the owner and operator of
Intermeccanica for over 15 years
• Founded in Italy in 1959, LA in 1972
and Vancouver in 1982
• Custom built and sold over 2,500
sports cars worldwide
• Henry’s role as COO is to ensure the
successful launch of the SOLO
• Brings extensive knowledge in the
automotive industry and manufacturing
THE TEAM
Over 50 Years in Management, Private & Public Entrepreneurship
CHIEF FINANCIAL OFFICER
Kulwant Sandher
GENERAL MANAGER
Ed Theobald
• Chartered Professional Accountant with
over 25 years of experience in business
and finance
• Considerable private and public
company experience
• Served as COO & CFO for Marketrend
Interactive Inc.; CFO of MineSense
Technologies Inc.; director and CFO of
Delta Oil and Gas Inc.
• President of Hurricane Corporate
Services Ltd. and as CFO of Intigold
Mines Ltd.
• Seasoned operational manager with
40 years experience across finance,
industrial sales, construction, retail, oil
& gas
• 19 years as General Manager of
Envirotest Canada
• Oversaw operations of 16 automotive
repair shops as Regional Manager of
Speedy Glass Auto Service
ADVISORY BOARD
Myron Trenne
• R&D at General Motors
• Founding Member & VP Engineering at TRW Transportation Electronics
• General Manager Eaton’s automotive R&D and Yazaki NA
• Served on the Convergence Transportation Electronics Assn. (CTEA)/ Society of
Automotive Engineers (SAE)
Anthony Luzi
• Corbin Motor Company
• Developed Sparrow electric vehicle
• Founder of Ecar Motors
• President of Corbin Motors Daytona Beach
Jim Fletcher
• Advisor/Director of several firms, including Inbound Retargeting, TenX Ventures,
BitLit Media, ChargeHeroes, BDE ICE Fund, Accelerating Social Impact CCC,
OMERS Ventures, Founder of Northwest Venture Developments
MANUFACTURING FACILITIES
• New Westminster, BC - development and
manufacturing facility
• Capable of producing 10 –20 SOLOs per
month
• Full assembly of a SOLO will take 4 hours
• Currently evaluating several options for a
larger production facility to expand
production capacity to 2,000 – 4,000 SOLOs
per month
• In discussion with several groups for another
production facility located in Canada and
internationally
• Signed a Memorandum Of Understanding
with a large Chinese motorcycle
manufacturer capable of producing 100,000
cars per year
LAUNCH DATE
September 1, 2016
Public Unveiling at the Luxury & Supercar Weekend in Vancouver
Order Book:
• Retail vehicle orders – 100+ SOLOs and growing, worth $1.9M
• Expressions of interest from corporate clients – 20,500 SOLOs,
worth over $140M
• Over 800 test drives
Financing
• To date: $2M through private offering
• Investment into R&D and first production: $1.2M
Raven Black
Electric Red
Titanium Silver
Artic White
EXPANSION OF PRODUCT LINE
Twinn
• Two-seater
• Suitable for urban families, young commuters, empty nesters, and
environmentally-conscious consumers
SOLO Super
• Sports car model within the EM product line
• Intended to boast a longer range and a higher top speed, sleek,
aerodynamic design and features that will rival existing super sports cars
Cargo
• Larger vehicle than the SOLO, designed for use as a fleet vehicle with
ample storage space
• Best suited for delivery companies such as FedEx, United Postal Service,
and Canada Post
• Will offer a long range drive and cleaner technology
MARKETING
Following a Proven Model
Test drives available at Vancouver showroom – planned showrooms across North
America
Social Advertising
Test Drive Sign-ups
Content Marketing
Events
Blogging Thought
Leadership
MARKETING
Showrooms & Swag
Industry Media
Re-Targeting & Display
SEO & SEM
Public Relations
Less conventional paid advertising
FINANCING
Use of Proceeds
Showrooms
Expanding to new
locations
Research &
Development
State of the art
electric
drive system
Manufacturing
Facilities in Canada
Increase
production to over
50,000 vehicles
annually
Marketing & Events
Increasing brand
awareness
INVESTMENT
SPEEDOMETER
New Car Models
Mission specific
features
Manufacturing and
Sales Expansion
Develop foreign
markets
21
SUMMARY
Investment Opportunity
 Huge market – 109 million North
Americans fit the SOLO customer
profile
 The global light duty EV market is
estimated to grow from 2.6 million
vehicle sales in 2015 to over 6.0
million in 2024
 Challenges of EVs being met:
millions of dollars of government
support available for EVs
 Battery performance improving and
prices are falling
 Social license strongest with EVs
 Signed Memorandum Of
Understanding with large Chinese
motorcycle manufacturer capable
of producing 100,000 cars per year
 EM has raised over $2.0M privately
 $1.2M already spent in R&D
 SOLO set to debut September 9,
2016 – at the Luxury & Supercar
Weekend in Vancouver
 Comprehensive strategic plan
already in place; marketing efforts
already gaining traction
 Each dollar invested in Tesla in
2007 is worth over $1,000 today
THANK YOU!
The underlying aim of everything Tesla does is to make
electric driving more affordable. That’s what it is aiming
to do, in order to hasten a shift to sustainable transport.
Electra Meccanica is doing exactly that: accelerating the
shift to sustainable transport by producing an affordable
EV that is targeted to a mass market.
CONTACT US
Corporate Office:
Electra Meccanica Vehicles Corp.
102 East 1st Ave, Vancouver B.C., V5T 1A4
Jerry Kroll
Founder and CEO
604-428-SOLO (7656)
info@electrameccanica.com
www.electrameccanica.com