EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (NASDAQ: FUV), makers of the world’s first Fun Utility Vehicle™ (FUV) — an affordable and practical pure electric vehicle for everyday commuters and fleets, today announced plans for the grand opening of the Arcimoto Manufacturing Plant (AMP) in Eugene, Oregon. The “Press Start” celebration is open to the public and will include a ribbon-cutting ceremony, plant tours, comments from Arcimoto’s founder, refreshments, music, and display of the first-ever Arcimoto Signature Series customer vehicle at the new facility.
Arcimoto Manufacturing Plant Grand Opening
Date: Saturday, November 11, 2017
Time: Festivities begin at 5 p.m. PST
RSVP: Press Start at www.arcimoto.com/AMP
Location: West Eugene, Oregon (address provided at time of RSVP)
“I applaud the innovation, resourcefulness and the unwavering commitment of the Arcimoto team to achieve this critical milestone,” said Oregon Senator Jeff Merkley. “Oregon has a long and proud heritage of creating and supporting green, eco-friendly companies, movements and causes, so I can say confidently that Oregonians are proud that Arcimoto has chosen our state as home for their inspiring electric vehicle venture. Electric vehicles are critical to creating a 100% clean and renewable future, and the creativity and hard work of the Arcimoto team will keep pushing EV innovation forward.”
Arcimoto signed a lease on the 30,000-square foot production site on October 1, 2017 and received all necessary building permits from the City of Eugene Planning Department for leasehold improvements to the facility. The site is expected to employ up to 250 people at capacity, and is located in one of the City of Eugene’s Enterprise Zones, which will provide Arcimoto with several years of tax benefits. The Company is on-track to begin move-in and build of the production line by the end of October, as outlined in their public offering circular.
“We are delighted to announce the timing of the Arcimoto Manufacturing Plant grand opening as we press the start button on real production of the Arcimoto SRK. This moment is the culmination of many years of planning, research, testing, setbacks and triumphs,” said Mark Frohnmayer, President and Founder of Arcimoto. “I can’t possibly express my true appreciation for the tremendous support from our team, our investors, our customers and all Arcimoto stakeholders as we prepare to celebrate this momentous occasion in our journey to bring practical, affordable and fun pure electric vehicles to the masses.”
About Arcimoto, Inc.
Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc. (Nasdaq: FUV) is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today with a target purchase price of $11,900, Arcimoto’s SRK defines the Fun Utility Vehicle category: it’s the lightest, most affordable and performance-packed electric vehicle suitable for the daily driver. For more information please visit www.arcimoto.com