Electra Meccanica Investor Presentation

26
January 2017

Transcript of Electra Meccanica Investor Presentation

Page 1: Electra Meccanica Investor Presentation

January 2017

Page 2: Electra Meccanica Investor Presentation

Legal Disclaimers & Cautionary Statement Regarding Forward Looking StatementsThis presentation and the material contained herein are confidential and are for information purposes only and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose whatsoever. This presentation and the material contained herein do not constitute a general advertisement or general solicitation or an offer to sell or a solicitation to buy any securities in any jurisdiction. Such an offer can only be made by prospectus or other authorized offering document. This presentation and materials or fact of their distribution or communication shall not form the basis of, or be relied on in connection with, any contract, commitment or investment decision whatsoever in relation thereto. ElectraMeccanica Vehicles Corp. ‘s (the “Company”) securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons absent U.S. Registration or an applicable exemption from U.S. registration requirements. Any public offering in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. The information in this presentation is not intended in any way toqualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction relating to the Company. No securities commission or similar authority in Canada has in any was passed upon the adequacy or accuracy of the information contained in this presentation.

Some of the statements contained in the following material are “forward-looking statements”. All statements in this presentation, other than statements of historical facts, are forward-looking and include 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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statement or information. regarding beliefs, plans, expectations or intentions regarding the future. Factors that could cause actual results to differ materially from those in forward-looking statements 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.

Page 3: Electra Meccanica Investor Presentation

A new era for sustainable mobility

ELECTRA MECCANICA

Page 4: Electra Meccanica Investor Presentation

ELECTRA MECCANICA

Advanced materials

Intelligent Layout

Affordable Price

Futurist design

Proprietary IP

Clean Tech

Compact

Page 5: Electra Meccanica Investor Presentation

The SOLO is Electra Meccanica’sintroductory model. Since its launch in

September 2016, over 400 retail and

30,500 corporate fleet pre-orders have

been placed. EMV has raised $10 M and

will be delivering cars in 2017.

ELECTRA MECCANICA

Page 6: Electra Meccanica Investor Presentation

ABOUT EMV

• Electra Meccanica Vehicles Corp. is a Canadian-based designer and manufacturer of the SOLO, a single passenger electric vehicle, developed to revolutionize the way people commute.

• Established in Italy in 1959, the Company has a strong history and legacy of producing custom designed vehicles, now transitioning into a mass-production EV manufacturing business with a state-of-the-art powertrain.

• The Company capitalizes on the growing demand for non-polluting clean vehicles and aims to accelerate the shift to sustainable transport by producing an affordable and compelling mass market product.

• With a MSRP of $19,888, the SOLO is an economical, efficient and fun to drive everyday vehicle.

“We are building these cars for the good of the planet, at an affordable

price for all to own.”

Page 7: Electra Meccanica Investor Presentation

MACRO DRIVERS FOR THE EV INDUSTRY –Market Growth

• The global light duty EV market is growing From 2.6 million vehicle sales in 2015 to over 6.0 million in 2024

• Fastest growing markets: China’s booming electric car sales in 2015 made it the main market

worldwide. China is also home to the strongest global deployment of e-scooters and electric buses

80% of the electric cars on road worldwide are located in the United States, China, Japan, the Netherlands and Norway

Global EV Outlook 2016, International Energy Agency, www.iea.org

Sources: Bloomberg New Energy Finance, BNEF McKinsey The Future of Mobility 2016

• Costs of lithium-ion battery pack fell 65% from 2010 to 2015 – expected to drop below $100 kw/h over the next decade

Page 8: Electra Meccanica Investor Presentation

MACRO DRIVERS FOR THE EV INDUSTRY – Environmental

• Record high CO2 levels, rising temperatures (2.30℉ planet wide avg. increase since 1900), and toxic gases are leading governments to make changes and pledges to reduce emission vehicles

• The Paris Declaration on Electro-Mobility and Climate Change and Call to Action sets a global deployment target of 100 million electric cars and 400 million electric 2- and 3-wheelers in 2030

• Consumer trends, government incentives and lower battery costs provide an attractive environment for the launch of new electric vehicle models

• Urbanization is expected to increase average city density by 30% over the next 15 years

• Scarcity of oil, fuel costs and the environmental impact of burning oil are some the most important drivers facing us today

Global EV Outlook 2016, International Energy Agency, www.iea.org

Page 9: Electra Meccanica Investor Presentation

COMPELLING VALUE PROPOSITION

“No longer a question of why an EV – now a question of how to deliver cheaper EVs to the masses”

• 86% of North Americans or 105 million people commute alone daily using personal vehicles

• 80% of all urban car trips are within a 30 km/19 mi distance - EVs could be used for 95% of daily trips on the US

• Our retail target demographic is 25-44 year old males, mainly from North America, Europe and Asia

• Our corporate targets are dealerships, fleet sales, car share companies, etc.

• The SOLO is in a class of its own as a 3-wheeled EV commuter vehicle, filling a gap in the market for single-passenger vehicles

• The SOLO provides an urgent, clean solution, while making driving fun at a low cost, with low impact to the environment

Page 10: Electra Meccanica Investor Presentation

GOVERNMENT INCENTIVES

Ontario Quebec BC USA

Rebates $14,000 $8,000 $5,000 for new battery fuel-cell and plug-in hybrid electric vehicles$6,000 for hydrogen fuel cell vehicles

10% of purchase price up to $2,500

Installation of charging station

50% to a max of $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

30% up to $1,000

Green license plate

HOV lane when driving alone

EV parking-only spots

$1.59M in funding for charging infrastructure

NA

Governments are providing funding, credits and incentives to help reduce emission levels.

Page 11: Electra Meccanica Investor Presentation

SOLO - INNOVATIVE ENGINEERING & DESIGN

• High performance vehicle • Simple in construction and

lightweight• Great speed, range and handling• Fast and fun to drive• Low maintenance

Page 12: Electra Meccanica Investor Presentation

SINGLE SEATER VEHICLE

Page 13: Electra Meccanica Investor Presentation

LEGACY AND MANUFACTURING EXPERTISE

• Manufacturing cars since 1959• Established in Turin, Italy• Moved to Vancouver in 1982• Renown models include IMP, Italia, Indra,

and Apollo, high-quality reproductions of Porsche Speedsters and Roadsters 356

• Over 2,500 cars built and sold worldwide• Transition to electric car manufacturing

Page 14: Electra Meccanica Investor Presentation

SOLO SPECIFICATIONS

Plenty of Range160 km/ 100 mi on a full charge

Top Speed130km/h (80mph)

0-100 km/h in 8.0 secondsBattery16.1 kW/h using lithium ion batteryDual 220/110 V – 3/6 hours Charging Time

LightweightJust over 1,000 lbs

Aerospace-gradeComposite Body

Low centre of gravity

MSRP $19,888Least expensive EV on the market

DrivetrainHigh performance electric rear drive motor

100% Clean EnergyZero-emission vehicle

Page 15: Electra Meccanica Investor Presentation

PATENTS AND TRADEMARKS

Filing Type Date Filed/Accepted

Electra Meccanica SOLOTrademark

European Trademark Accepted #015188733

Modular Rolling Chassis and overall SOLO shape

United States Design Patent Application Submitted May 26, 2016

Swing Arm Submitted March 10, 2016

Page 16: Electra Meccanica Investor Presentation

FROM CONCEPT DEVELOMENT TO MASS PRODUCTION

January 2011

SOLO Concept Conceived

2011-2014

Research & Development

Initial SOLO Concept Design

2015

Company Incorporated

Prototype Debut

First Customer

Orders

2016

SOLO Debut

Concept Design for

Super SOLO Racing Model

Capital Raising for Expansion

and Product Launch

Collaboration with

International Automotive

Company

2017

Full Commercial-ization of the

SOLO

Transition to a Publicly-Traded

Company

Begin SOLO Deliveries to Customers

Mass Production of the SOLO

Launch of Super SOLO

Page 17: Electra Meccanica Investor Presentation

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

Page 18: Electra Meccanica Investor Presentation

CURRENT MANUFACTURING & PRODUCTION CAPACITY

• 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, and ramp up to 100,000 SOLOs annually

Page 19: Electra Meccanica Investor Presentation

MANAGEMENT TEAM

Entrepreneurship, Racing Expertise

● Nearly 20 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

● Socially responsible entrepreneur and Championship winning race car driver

● Focused on energy storage products● Racing enthusiast with 15 years

working in the IndyCar series● Partnered with Henry Reisner,

President of Intermeccanica to revolutionize the electric car market

Jerry Kroll, Founder & CEO

Page 20: Electra Meccanica Investor Presentation

Deep Automotive Expertise

● Owner and operator of Intermeccanica for over 15 years

● Company Founded in Italy in 1959, LA in 1972 and Vancouver in 1982

● Famed for Apollo, Italia and Indramodels. Revolutionized the Porsche replica market with the Speedster, Roadster RS, 356 and Kubelwagen

● Custom-built and sold over 2,500 sports cars worldwide

● Henry’s role as COO is to oversee the production of the SOLO

● Brings extensive knowledge in the automotive industry and manufacturing

MANAGEMENT TEAM

Henry Reisner, Chief Operating Officer

Page 21: Electra Meccanica Investor Presentation

MANAGEMENT TEAM

Jerry KrollFounder & CEODirector

• Nearly 20 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 energy storage products• Leads a passionate group of designers and modelers to produce the SOLO EV

Henry Reisner, COOPresidentIntermeccanica

• Founded in Italy in 1959, LA in 1972 and Vancouver in 1982• Custom built and sold over 2,500 sports cars worldwide• Brings extensive knowledge in the automotive industry and manufacturing

Shaun GreffardDirector

• VP Strategic Projects and Ledcor Group• 20 years in telecom and IT industries at Telus, City of Surrey

Dr. Robert TarzwellDirector

• Clinical Director of Research for Mental Health at Lions Gate Hospital• Investor/advisor: Medeo, Hothead Games, EM, and Viewers Like You Productions

Kulwant Sandher -CFO

• CPA with over 25 years of experience in business and finance• Considerable private and public company experience

Ed Theobald GM

• Oversaw operations of 16 automotive repair shops as Regional Manager of Speedy Glass Auto Service

• 19 years with Shell Canada

Advisors • Anthony Luzi - Corbin Motor Company, Ecar Motors• Myron Trenne - R&D at General Motors, TRW Transportation Electronics• Jim Fletcher - Advisor/Director: Inbound Retargeting, TenX Ventures, BitLit

Media, ChargeHeroes, BDE ICE Fund, Accelerating Social Impact CCC, OMERS Ventures, Northwest Venture Developments

Page 22: Electra Meccanica Investor Presentation

MEDIA COVERAGE

Page 23: Electra Meccanica Investor Presentation

• To date: $9.9M through private offering • Investment into R&D and first production: $2M – Funded by CEO and external investors• Seeking up to $10M to implement the commercialization

of the SOLO including: building a larger manufacturing facility, fund R&D, marketing efforts, and provide for general working capital

Unit Private Placement Details (Canadian $ dollars)

Each unit consists of one Share and one Warrant

Unit Price $1.00

Warrant Price $2.00

Warrant Terms Non-transferable; expiring 5 years from Closing Date

Available to Accredited investors

FINANCING

Share Structure

Management 25,244,000 60%

Other Shareholders 16,539,587 40%

Total Issued and Outstanding

41,783,587 100%

Page 24: Electra Meccanica Investor Presentation

A PRODUCT OF INNOVATION AND EXPERIENCE

Unique

The SOLO is urban dweller’s answer to more expensive EVs– perfectly suited to cut down on congestion and breeze through tight spaces, all while boasting cutting-edge green Electric Vehicle technology at an entry-level cost.

Innovative

A streamlined flow-through production process and aerospace composite allows for rapid production and minimal costs while offering a single person vehicle with a fashionable, modern look.

Local

Conceptualized and founded in Vancouver, EM’s existing production facility and staff are located in New Westminster, BC, and their showroom is located near downtown Vancouver. EM is proud of its Canadian roots and “Made in Canada” branding.

Backed by Experience

EM’s management team has over 50 years of experience in vehicle manufacturing and possess entrepreneurial backgrounds and skillsets necessary in founding and building start-up companies.

Page 25: Electra Meccanica Investor Presentation

✓ Huge market – 105 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, creation for low-emission zones

✓ Battery performance improving and prices are falling

✓ Social license strongest with EVs

✓ Successful financing and growing order book

✓ Signed Memorandum Of Understanding with large Chinese motorcycle manufacturer capable of producing 100,000 cars per year

✓ SOLO production vehicle ready with customer deliveries within months

✓ Comprehensive strategic plan already in place; marketing efforts already gaining traction

✓ Electra Meccanica has a team of experienced car designers and manufacturers and a domestic and international strategy in place to roll out the SOLO

SUMMARY

Page 26: Electra Meccanica Investor Presentation

CONTACT US

Electra Meccanica Head Office 102 East 1st Ave, Vancouver B.C., V5T1A4

Tel: +1 604 – 428- SOLO www.smallev.com

Jerry KrollCEOElectra MeccanicaEmail: [email protected]

@ElectraMecc

Facebook/EMVSolo

ElectraMeccanica

http://bit.ly/2bigEaF

Electra MeccanicaVehicles Corp.