Arcimoto Releases Q3 2021 Stakeholder Update

CEO and Founder Mark Frohnmayer discusses Q3 progress, including record vehicle deliveries, Arcimoto’s expanding rental market, the new Flatbed, the progress of the ATVM loan application, and the launch of the Ride Of The Arconauts, an ongoing roadshow designed to introduce the Arcimoto family of rightsized EVs to the world.

Arcimoto, Inc.® (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, released its Q3 Stakeholder Update, in which CEO and Founder Mark Frohnmayer discusses record vehicle deliveries, Arcimoto’s expanding rental market, the new Flatbed, the progress of the ATVM loan application, and the launch of the Ride Of The Arconauts, an ongoing roadshow designed to introduce the Arcimoto family of rightsized EVs to the world.

Q3 highlights include:

Record vehicle deliveries: Arcimoto sold through a record 64 customer vehicles, and produced a total of 78 vehicles. 

Final production numbers will be reported in Arcimoto’s Q3 SEC filings.

ATVM Loan Application: Final draft ATVM loans application targeted for submission to the US Department of Energy in Q4.

Project Prism: Arcimoto made significant progress on defining cost-down programs for all subsystems of both the platform as a whole and individual vehicle models.

Rental and Rideshare: Q3 was the first full quarter of Arcimoto-owned rental operations in both San Diego and Eugene, and Arcimoto continues to gather useful data to optimize the rental model.

West Coast Doors: First production doors have been installed on the FUV of an early Evergreen customer, with more installations scheduled for Q4 and beyond.

Arcimoto Flatbed: First pilot vehicles were very well-received after use in the field with local Eugene businesses.

The Ride of the Arconauts: announced new ongoing roadshow designed to introduce the Arcimoto family of rightsized EVs to the world. The Ride of the Arconauts launches Saturday at Thunderhill Raceway in Willows, Calif. Sign up to receive notifications when the Arconauts will be riding through your area.

For the latest company updates, follow Arcimoto on YouTube, Facebook, Instagram, Twitter, TikTok, and LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Our flagship vehicle, the Arcimoto FUV®, is purpose-built for everyday driving and transforms ordinary trips into pure-electric joyrides. Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. The Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Expected to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, rightsized utility pickup truck. The upcoming Cameo™ is designed to create a smooth, silent, sustainable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.