Arcimoto Announces Progressive Motorcycle Insurance is Now Available for Arcimoto’s Pure Electric Fun Utility Vehicle

EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.®, (NASDAQ: FUV) makers of the Fun Utility Vehicle® (FUV®), Rapid Responder™, and Deliverator™—affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets—today announced motorcycle insurance for the FUV is now being offered by Progressive, America’s #1 motorcycle insurance company. Consumers can easily insure their FUV, licensed for use on public roads, by visiting https://www.progressive.com or getting in touch with a Progressive agent for a quote.

“As a new vehicle company, creating a seamless end-to-end customer experience is critical for Arcimoto’s future growth, and that includes high-quality, affordable insurance options,” said Arcimoto Founder and CEO Mark Frohnmayer. “To have Progressive, the top provider of motorcycle insurance in the nation, offer coverage on our vehicles is a significant validation of our product family and a big win for our customers.”

An affordable everyday electric vehicle for everyone, the FUV is a motorcycle-class vehicle priced at $19,900 before gas savings, available tax credits, and rebates. The FUV has a top speed of 75 mph, an estimated city driving range of 102 miles per charge, and comes pre-loaded with heated seats, heated grips, Bluetooth speakers, lockable rear storage, and a Level 1 charging cable. HOV lane access and Rockstar Parking come standard.

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About Arcimoto Inc.

Arcimoto (NASDAQ: FUV) is developing ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers on the West Coast, the Arcimoto FUV is purpose-built for the task of everyday driving and transforms the daily commute into a pure-electric joyride. Available for preorder, the Deliverator and Rapid Responder provide specialized delivery and emergency response services, respectively, at a fraction of the economic and ecological costs of traditional gas-powered vehicles. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.