Electra Meccanica
Electra Meccanica is a Vancouver-based, NASDAQ-listed (SOLO) development-stage electric vehicle manufacturer founded in 2015, specializing in single-person electric trikes for passenger, cargo, and recreational use across global markets.
- Company typePrivate
- Founded2015
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2C
- OfferingHardware or Manufacturing
What Electra Meccanica does
Electra Meccanica is a development-stage electric vehicle manufacturer founded in 2015 and headquartered in Vancouver, Canada. The company is publicly listed on NASDAQ under the ticker symbol SOLO and employs between 101 and 250 people. Its core focus is the design, development, manufacture, and sale of single-person electric vehicles, with a specific specialization in electric trikes serving passenger, cargo, and recreational use cases. The company is positioned as a key participant in the global Electric Trike Market, competing alongside established peers such as Arcimoto, Polaris, Addmotor, and Rad Power Bikes, with claimed market presence spanning North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The company's underlying technology centers on electric powertrains applied to three-wheeled vehicle platforms, targeting the broader zero-emission vehicle (ZEV) category. It operates within a regulatory and market environment strongly supportive of EV adoption, including Canada's federal mandate requiring 100% ZEV sales by 2035 and a global EV market projected to grow from USD 533.9 billion in 2024 to USD 3,760.9 billion by 2034 at a 21.55% CAGR.
Electra Meccanica's business model centers on the manufacture and direct sale of electric trikes. Detailed revenue mechanics, pricing structure, customer segmentation by buyer type, and distribution channel specifics are not disclosed in available sources, reflecting the company's development-stage status. Its primary customer segments are defined by use case rather than buyer profile, addressing sustainable personal transportation, urban mobility, and zero-emission regulatory compliance needs across the identified global geographies.
Electra Meccanica firmographics
Firmographics- Name
- Electra Meccanica
- Website
- https://electrameccanica.com/
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Electra Meccanica is a Vancouver-based, NASDAQ-listed (SOLO) development-stage electric vehicle manufacturer founded in 2015, specializing in single-person electric trikes for passenger, cargo, and recreational use across global markets.
- Ownership category
- akta.pro rank
Electra Meccanica industry classification
Industry- Product category
- Personal Electric Vehicles
- akta.pro primary industry
- Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes) (IMACACAC)
Keywords
Where Electra Meccanica is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Electra Meccanica business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Electra Meccanica product offering
Product offeringCore offering
Electra Meccanica is a development-stage company that plans, develops, manufactures, and sells single-person electric vehicles, primarily electric trikes designed for passenger, cargo, and recreational use. The company focuses on purpose-built, three-wheeled EVs positioned as efficient urban and last-mile mobility solutions for individual consumers.
Product overview
Electra Meccanica is an electric vehicle manufacturer focused on the electric trike market segment. The company produces electric trikes serving passenger, cargo, and recreational applications.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Trike
Companies that use Electra Meccanica
Customer profileSegments2 records
Ideal customer profiles1 record
Electra Meccanica technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Electra Meccanica partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights4 records
Electra Meccanica competitors and assessment
Company assessmentDirect peers
- Arcimoto: Arcimoto manufactures three-wheeled electric vehicles (FUV) for urban and recreational use, making it the closest direct peer to Electra Meccanica's single-person electric trike offering.
- Aptera Motors: Aptera produces a three-wheeled solar-assisted electric vehicle targeted at efficient single- and two-passenger urban transport — a closely analogous form factor and use case to Electra Meccanica's SOLO.
- Rad Power Bikes: Named alongside Electra Meccanica in the electric trike market, Rad Power Bikes sells electric trikes for passenger, cargo, and recreational use with a broader product portfolio and mature direct-to-consumer channel.
- Addmotor: Addmotor is identified as a key electric trike market participant alongside Electra Meccanica, offering passenger, cargo, and recreational e-trikes with established e-commerce distribution.
- Elio Motors: Elio Motors is developing an ultra-efficient three-wheeled vehicle for single-occupant commuting — a directly comparable form factor and use case to Electra Meccanica's offering.
Broad incumbents
- Polaris: Polaris is a multi-billion-dollar powersports and mobility OEM with electric side-by-side, motorcycle, and adjacent EV products — a much larger incumbent competing in overlapping recreational and urban-light-mobility segments.
Emerging players
- Nobe Cars: Nobe is an emerging three-wheeled electric vehicle startup targeting retro-styled urban mobility, partially overlapping Electra Meccanica's niche of compact, design-forward single-occupant EVs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Electra Meccanica social profiles
Digital presenceElectra Meccanica financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electra Meccanica leadership team
Management profileNumber of profiles
Electra Meccanica funding detail
Funding detailFunding overview
Funding rounds6 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Electra Meccanica M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Electra Meccanica
What does Electra Meccanica do?
Electra Meccanica is a development-stage company that plans, develops, manufactures, and sells single-person electric vehicles, primarily electric trikes designed for passenger, cargo, and recreational use. The company focuses on purpose-built, three-wheeled EVs positioned as efficient urban and last-mile mobility solutions for individual consumers.
Is Electra Meccanica a public or private company?
Electra Meccanica is a private company. It is classified as public and is currently operating.
When was Electra Meccanica founded?
Electra Meccanica was founded in 2015. It employs 101 to 250 people.
Where is Electra Meccanica based?
Electra Meccanica is headquartered in Vancouver, Canada, in the North America region.
Who are Electra Meccanica's main competitors?
Direct peers on record are Arcimoto, Aptera Motors, Rad Power Bikes, Addmotor and Elio Motors. Polaris is listed as a broad incumbent. Nobe Cars is listed as an emerging player.
Does Electra Meccanica have an API?
No public API is recorded for Electra Meccanica.
What industry is Electra Meccanica in?
Electra Meccanica's product category is Personal Electric Vehicles. Its primary akta.pro industry code is IMACACAC, Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes).