ElectraMeccanica, the maker of the tiny three-wheeled Solo electric vehicle, will merge with UK-based truck manufacturer Tevva in a bid to grow their combined market share for electric trucks, the companies said Tuesday.
The merger represents a pivot for ElectraMeccanica, which struggled to produce its small electric vehicle profitably. After a recall in February, ElectraMeccanica was forced to discontinue the Solo vehicle. By focusing on medium- and heavy-duty commercial electric trucks, a fast-growing segment in the global EV market, the company will be able to keep some of its operations alive.
For Tevva, the merger is an opportunity to grow in the UK and Europe, enter the U.S. market and produce more trucks at ElectraMeccanica’s plant in Mesa, Arizona.
The Mesa plant is expected to begin production in 2025 and reach full capacity in 2026. It’ll be able to produce 10,000 units of
