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Private company

ELECTRAMECCANICA VEHICLES CORP.

ELECTRAMECCANICA VEHICLES CORP. is a Canadian motor vehicles and passenger car bodies company.1 It is headquartered in Mesa, Arizona.1

Last updated Oct 21, 2026.

Overview

  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersMesa, Arizona1
  • Incorporated inBritish Columbia, Canada2
  • Business address8127 E. Ray Road, Mesa, Az 852122
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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We have based these forward-looking statements on our current expectations about future events on information that is available as of the date of this Annual Report. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control, including, our ability to change the direction of the Company, our ability to complete the Xos Arrangement (as defined below) in a timely manner or at all and challenges in achieving strategic objectives, synergies and other anticipated benefits from the Xos Arrangement. Additional factors that could contribute to such differences include, but are not limited to:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-154.7%Gross margin5
-9039.8%Operating margin5
-9464.1%Net margin5
-91.1%Revenue growth, 20235
-78.8%Return on equity5
-$62.4MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development100¢$9.2M
  • Income tax0¢$1.0K

Out of $608.4K in revenue.5 The company lost money this year.

Financial statements

Revenue6785$608.4K in 2023+1% since 2018
0$2.0M$4.0M$6.0M$8.0M2018: $599.8K$599.8K20182019: $585.6K$585.6K2019−2%2020: $568.5K$568.5K2020−3%2021: $2.1M$2.1M2021+270%2022: $6.8M$6.8M2022+224%2023: $608.4K$608.4K2023−91%
Gross profit6785-$941.2K in 2023
-$30.0M-$20.0M-$10.0M0$10.0M2018: $156.0K$156.0K20182019: $98.0K$98.0K2019−37%2020: -$130.9K-$130.9K20202021: -$2.2M-$2.2M2021+1606%2022: -$26.3M-$26.3M2022+1075%2023: -$941.2K-$941.2K2023−96%
Operating income6785-$55.0M in 2023+323% since 2018
-$150.0M-$100.0M-$50.0M02018: -$13.0M-$13.0M20182019: -$20.6M-$20.6M2019+58%2020: -$27.2M-$27.2M2020+32%2021: -$58.3M-$58.3M2021+114%2022: -$110.3M-$110.3M2022+89%2023: -$55.0M-$55.0M2023−50%
Net income6785-$57.6M in 2023+643% since 2018
-$150.0M-$100.0M-$50.0M02018: -$7.7M-$7.7M20182019: -$23.2M-$23.2M2019+200%2020: -$63.0M-$63.0M2020+172%2021: -$38.8M-$38.8M2021−38%2022: -$123.7M-$123.7M2022+219%2023: -$57.6M-$57.6M2023−53%
Fiscal year2017201820192020202120222023
Revenue$599.8K6$585.6K7$568.5K7$2.1M8$6.8M5$608.4K5
Cost of revenue$4.3M8$33.1M8
Gross profit$156.0K6$98.0K7-$130.9K7-$2.2M8-$26.3M5-$941.2K5
Research and development$17.1M8$22.0M5$9.2M5
Selling, general and admin$31.1M7
Operating expenses$56.1M8$84.0M5$54.1M5
Operating income-$13.0M6-$20.6M7-$27.2M7-$58.3M8-$110.3M5-$55.0M5
Income before tax-$38.8M8-$123.7M5-$57.6M5
Income tax$8508$23.6K5$1.0K5
Net income-$7.7M6-$23.2M7-$63.0M7-$38.8M8-$123.7M5-$57.6M5
Earnings per share-$0.647-$1.087-$0.358-$1.045-$0.485
Earnings per share (diluted)-$0.647-$1.087-$0.358-$1.045-$0.485
Shares (weighted, basic)111.7M shares8118.7M shares5119.3M shares5
Shares (weighted, diluted)111.7M shares8118.7M shares5119.3M shares5

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Corporate structure

ELECTRAMECCANICA VEHICLES CORP. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ELECTRAMECCANICA VEHICLES CORP.

  • Invesco Filed SC 13G/A on ELECTRAMECCANICA VEHICLES CORP., latest Feb 8, 2023 (2 filings since Feb 9, 2022)
  • Jerry Kroll Filed SC 13D/A on ELECTRAMECCANICA VEHICLES CORP., latest Dec 23, 2021
  • ELECTRAMECCANICA VEHICLES CORP. Mesa, Arizona
    • 1. Intermeccanica International Inc., a British Columbia, Subsidiary · Canada

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ELECTRAMECCANICA VEHICLES CORP. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$6.2M5 Dec 31, 2023$6.2M5 Dec 31, 20220%
Property and equipment, before depreciation$14.5M5 Dec 31, 2023$19.4M5 Dec 31, 2022−25.1%
Accumulated depreciation$3.4M5 Dec 31, 2023$2.9M5 Dec 31, 2022+17.4%
Property and equipment, net$11.1M5 Dec 31, 2023$16.5M5 Dec 31, 2022−32.6%
Operating-lease assets (leased space)$7.3M5 Dec 31, 2023$9.0M5 Dec 31, 2022−18.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$65.5M5 Dec 31, 2023$134.3M5 Dec 31, 2022−51.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Indefinite-lived intangibles (excluding goodwill)$12.0K5 Dec 31, 2023$12.0K5 Dec 31, 20220%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.4M5 Dec 31, 2023$4.2M5 Dec 31, 2022−44.0%
Raw materials$1.5M5 Dec 31, 2023$1.2M5 Dec 31, 2022+23.0%
Finished goods$2.6M5 Dec 31, 2023$18.0M5 Dec 31, 2022−85.4%

Leadership

Who has led ELECTRAMECCANICA VEHICLES CORP., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Susan E. Docherty2023–2024

Chief financial officer

  1. Mark Orsmond2023
  2. Stephen Eric Johnston2023–2024

Chief operating officer

  1. Susan E. Docherty2023–2024
20202025
Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 1. Intermeccanica International Inc., a British Columbia, Canada, corporation3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 26, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights26
  2. Mar 20, 20248-K Shareholder vote27
  3. Mar 1, 20248-K Other events28
  4. Mar 1, 20248-K Other events29
  5. Jan 31, 20248-K Entered a material agreement; Bylaws or fiscal year changed30
  6. Jan 25, 20248-K Executive or director change31
  7. Jan 12, 20248-K Entered a material agreement32
  8. Jan 11, 20248-K Regulation FD disclosure33
  9. Jan 10, 20248-K Executive or director change34
  10. Dec 29, 20238-K Executive or director change35
  11. Dec 22, 20238-K Shareholder vote36
  12. Dec 6, 20238-K Regulation FD disclosure37
  13. Jan 25, 2023New chief executive Susan E. Docherty becomes CEO14

Filings

190 filings to the SEC since October 2021: 5 annual reports, 3 quarterly reports, 34 major events, 57 insider forms, 3 large holders, 88 other. The latest 20:

  1. Apr 9, 2024EFFECT EDGAR
  2. Apr 9, 2024EFFECT EDGAR
  3. Apr 5, 202415-12G EDGAR
  4. Apr 4, 2024S-8 POS EDGAR
  5. Apr 4, 2024POS AM EDGAR
  6. Apr 4, 2024POS AM EDGAR
  7. Mar 26, 20248-K EDGAR
  8. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  9. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  10. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  11. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  12. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  13. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  14. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  15. Mar 26, 20244 OWNERSHIP DOCUMENT EDGAR
  16. Mar 20, 20248-K EDGAR
  17. Mar 19, 202410-K/A EDGAR
  18. Mar 18, 20244 OWNERSHIP DOCUMENT EDGAR
  19. Mar 18, 20244 OWNERSHIP DOCUMENT EDGAR
  20. Mar 18, 20244 OWNERSHIP DOCUMENT EDGAR

The 190 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 2 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 4, 2024KROLL JERRYDirectorSale50,000$0.31$15.5KForm 4
Jan 3, 2024KROLL JERRYDirectorSale50,000$0.32$16.0KForm 4
Dec 14, 2023KROLL JERRYDirectorSale100$0.40$40Form 4
Dec 11, 2023KROLL JERRYDirectorSale2,430$0.40$972Form 4
Dec 6, 2023KROLL JERRYDirectorSale26,384$0.40$10.6KForm 4
Dec 5, 2023KROLL JERRYDirectorSale12,817$0.40$5.1KForm 4
Dec 4, 2023KROLL JERRYDirectorSale42,593$0.40$17.0KForm 4
Dec 1, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Dec 1, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Nov 30, 2023KROLL JERRYDirectorSale35,356$0.40$14.1KForm 4
Nov 30, 2023KROLL JERRYDirectorSale35,356$0.40$14.1KForm 4
Nov 29, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Nov 29, 2023KROLL JERRYDirectorSale100,000$0.40$40.0KForm 4
Oct 24, 2023KROLL JERRYDirectorSale125,000$0.43$53.8KForm 4
Oct 23, 2023KROLL JERRYDirectorSale125,000$0.42$52.5KForm 4
Oct 20, 2023KROLL JERRYDirectorSale125,000$0.41$51.2KForm 4
Oct 19, 2023KROLL JERRYDirectorSale125,000$0.44$55.0KForm 4
Oct 13, 2023KROLL JERRYDirectorBuy100,000$0.51$51.0KForm 4
Oct 12, 2023KROLL JERRYDirectorBuy91,375$0.49$44.8KForm 4
Oct 12, 2023KROLL JERRYDirectorSale91,375$0.46$42.0KForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How ELECTRAMECCANICA VEHICLES CORP. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARELECTRAMECCANICA VEHICLES CORP.1
  • CIK0001637736
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inBritish Columbia, Canada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address8127 E. Ray Road, Mesa, AZ 852121
  • Phone604-428-76561
  • Shares outstanding119,495,465 as of Mar 7, 202440
  • Public float$70.1M as of Jun 30, 202340
  • On EDGAR sinceMar 26, 20151
  • Filings454 in all: 6-K (183), 4 (41), 8-K (33), DEFA14A (23), CORRESP (20), D (19), 3 (15), EFFECT (15)1
    All 43 form types

    UPLOAD (12), 424B3 (9), 424B5 (9), POS AM (9), SC 13D/A (7), 20-F (6), F-1/A (6), SC 13D (5), F-3 (4), 10-Q (3), 144 (3), 10-K (2), 10-K/A (2), 20-F/A (2), 25-NSE (2), 3/A (2), 424B4 (2), F-1 (2), SC 13G/A (2), 15-12G (1), 4/A (1), 8-A12B (1), 8-A12G (1), 8-K/A (1), ARS (1), CERT (1), CT ORDER (1), DEF 14A (1), DEFM14A (1), NT 10-K (1), PREM14A (1), S-8 (1), S-8 POS (1), SC 13G (1), SD (1)

  • Latest filingsAnnual report (10-K) Mar 8, 2024
    Quarterly report (10-Q) Nov 3, 2023
    Proxy statement (DEF 14A) Nov 22, 2023
    Latest 8-K (8-K) Mar 26, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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