FreedomRoad Financial has signed on to become the retail finance partner for the flagship vehicle of Electra Meccanica Vehicles, the companies announced.
Electra Meccanica is a Canadian manufacturer of electric cars. Its first vehicle, the Solo, is a single-seat three-wheeled vehicle that falls more into the realm of powersports than a traditional automobile. The Solo is classified as an autocycle in 41 U.S. states, per Electra Meccanica’s website.
The electric Solo is primarily aimed at commuters. It features a 100-mile range, has a top speed of 85 mph, and can charge on a regular household current and public charge stations in less than 6 hours. The “anticipated” starting price is $16,250, according to the company’s website.
FreedomRoad will finance only the Solo, and not Electra Meccanica’s two other models, the four-wheeled Tofino, and eRoadster.
“Our agreement with FreedomRoad Financial provides consumers with a vehicle financing solution for our Solo EV,” Paul Rivera, chief executive of Electra Meccanica, said in a press release. “The Solo is quickly gaining widespread attention, as well as broad consumer interest. As a further service to our customer base, we are excited to offer financing with FreedomRoad to make the Solo affordable and available to all.”
The Solo is currently only available through pre-orders on the company website. Electra Meccanica has a location in Los Angeles, with stores in Seattle and Portland, Ore., coming soon.
Oak Brook, Ill.-based FreedomRoad Financial has partnerships with powersports OEMs such as Triumph, KTM and Husqvarna.
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