EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (NASDAQ: FUV) — makers of the Fun Utility Vehicle® (FUV) — an affordable, joyful, pure electric vehicle for everyday drivers and fleets, today celebrates its one-year anniversary as a NASDAQ publicly-traded company. Arcimoto is the second electric vehicle manufacturer to be publicly traded on the NASDAQ exchange.
To mark the anniversary, key members of Arcimoto’s leadership team will return to New York City between September 24 and October 2 to attend conferences, meet with media, and host test rides of three Signature Series FUVs for Arcimoto pre-order customers.
“Today, on the one-year anniversary of Arcimoto’s initial public offering, I am humbled to look back at all that our amazing team has accomplished,” said Mark Frohnmayer, Founder and President of Arcimoto. “Our manufacturing facility is substantially complete. We aim to reach retail production by the end of 2018. We continue to see substantial and growing consumer demand, evidenced by our more than 3,000 pre-orders, and we continue to see the growth opportunity presented by FUV fleet rental centers in destination markets worldwide. Arcimoto is powered by our team, our customers, and our community of investors who have fueled each forward step we take. We look forward to showing the world what we have accomplished together, as we push forward on our mission to help catalyze the shift to a sustainable transportation system.”
In the 12-month period following its September 21, 2017 IPO, Arcimoto has:
- Tripled the size of its staff, which now totals 77 full-time employees.
- Moved operations from a bodega design studio to the Arcimoto Manufacturing Plant (AMP).
- Improved manufacturing capabilities, demonstrating the ability to produce a finished vehicle from raw materials entirely in-house at the AMP.
- Completed production of ten Signature Series FUVs and begun a 15-unit Beta Series production run, reducing build time while improving vehicle quality.
- Announced the first two Arcimoto rental locations to open in Oregon and California, anticipated in Q4, 2018, which will combine rental operations and customer options.
- Grown pre-orders of the FUV to more than 3,000 units and counting.
- Demonstrated the FUV across the country, including major commercial auto shows, electric vehicle industry events, consumer ride-and-drives, and investor conferences.
- Rung the Closing Bell at the NASDAQ MarketSite in April 2018.
Arcimoto management will attend the following conferences in New York City.
LD Micro Big Apple Summit
Date: Tuesday, September 25, 2018
Presentation Time: 8:40 a.m. Eastern time
Registration is mandatory for participation at the LD Micro Big Apple Summit. For more information, please contact an LD Micro representative or visit www.ldmicro.com.
The MicroCap Conference
Date: Monday, October 1, 2018
Presentation Time: 11:00 a.m. Eastern time
Location: JW Marriott Essex House (160 Central Park S, New York, NY 10019)
Arcimoto management will host one-on-one meetings throughout the day for the MicroCap Conference and registration is mandatory for participation. For more information or to schedule a one-on-one meeting, please contact a representative or visit www.microcapconf.com.
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, Arcimoto’s Fun Utility Vehicle is one of the lightest, most affordable, and most appropriate electric vehicles suitable for the daily driver. For more information please visit www.arcimoto.com.
Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to effectively execute on our developing growth strategy; our ability to design, manufacture and market vehicle models cost effectively and within projected timeframes; the number of reservations and cancellations for our vehicles and the ability to deliver on those reservations; our reliance on key personnel; our ability to manage the distribution channels for our products, including our ability to successfully implement our direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; changes in consumer demand for, and acceptance of, our products; changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; fluctuations in our financial results; and changes in laws or regulations governing our business and operations. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.