ElectraMeccanica Leverages RISE with SAP to Power ERP Transformation
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) has successfully implemented SAP S/4HANA Cloud with the help of PwC Canada, marking a significant transition to a commercial enterprise. This ERP system integrates essential operations, enabling better scalability and efficiency for growth in the electric vehicle market. The CEO emphasized the system's vital role in managing rapid growth and operational excellence for the SOLO electric vehicle, designed for urban commuting. The company's commitment to innovation and sustainability positions it favorably in the rising electric vehicle sector.
- Successful migration to SAP S/4HANA Cloud enhances operational efficiency.
- Integration of finance, supply chain, and manufacturing processes supports scalability.
- Focus on delivering environmentally-efficient electric vehicles aligns with market trends.
- None.
PricewaterhouseCoopers (PwC) assisted in implementation and ElectraMeccanica went live with first instance of SAP S/4HANA Cloud in October as company transitions into commercial enterprise.
VANCOUVER, British Columbia, Oct. 21, 2021 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, today announced that it has completed its migration to SAP S/4HANA Cloud leveraging the business-transformation-as-a-service, RISE with SAP. The new ERP system integrates the company’s finance, supply chain, manufacturing, sales and distribution operations processes.
ElectraMeccanica collaborated with PwC Canada, a member of the global consultancy PricewaterhouseCoopers (PwC), in the selection and implementation of an ERP system as the digital foundation of the business. SAP S/4HANA Cloud will help ElectraMeccanica support its growth and go-to-market strategy to deliver environmentally-efficient electric vehicles globally. Implemented using automotive industry capabilities and best practices, SAP S/4HANA Cloud features AI, machine learning, RPA, and situation handling across finance, supply chain, manufacturing, sales and distribution processes.
“SAP S/4HANA Cloud is the technology foundation that will enable us to manage rapid growth for years to come, enabling an unparalleled level of insight into our vehicle assembly operations,” said Kevin Pavlov, CEO of ElectraMeccanica. “We would like to thank PwC for their assistance in choosing the best platform to meet our unique needs. The implementation of this comprehensive system will best position ElectraMeccanica to scale operations, future-proof our business and obtain critical feedback to empower more informed operational decisions. We look forward to closely working with the team at PwC to improve operational efficiency firm-wide as we ramp production to meet the strong demand of our SOLO vehicles.”
“PwC is committed to collaborating with ElectraMeccanica to enable the vision of a digital-first OEM vehicle producer,” said Jason Bergeron, Partner, Consulting and Deals, PwC Canada. “ElectraMeccanica is bringing to market the future of transportation and PwC’s team of experts will bring the digital technology required to scale and enable their long-term success.”
“Electric vehicles are taking the automotive industry by storm, and ElectraMeccanica is a significant part of this transformation thanks to their unique spin on the consumer EV concept,” said Greg Petraetis, SAP Managing Director, Midmarket and Partner Ecosystem. “ElectraMeccanica’s vision for its SOLO EV model will require operational excellence and end-to-end process efficiency – two areas SAP is determined to help support through innovation and partnership.”
About ElectraMeccanica Vehicles Corp.
ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). The company’s flagship vehicle is the innovative, purpose-built, single-seat EV called the SOLO. This three-wheeled vehicle will revolutionize the urban driving experience, including commuting, delivery and shared mobility. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. The SOLO has a range of 100 miles and a top speed of 80 mph, making it safe for highways. The SOLO also features front and rear crumple zones, side impact protection, roll bar, torque-limiting control as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. It blends a modern look with safety features at an accessible price point of
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Investor Relations Contact
MZ Group
(949) 259-4987
SOLO@mzgroup.us
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