EUGENE, Ore., Jan.6, 2022 (GLOBE NEWSWIRE) – Arcimoto, Inc.® (NASDAQ: FUV), maker of super-efficient, super-fun, super-efficient electric vehicles for moving people and others, will host RAMP 2022 Event IT UP at Arcimoto Headquarters in Eugene, Ore. And live via online streaming, Tuesday, Feb. 22 at 2:22 p.m. EDT.
Alongside the company’s management team, Founder and CEO Mark Frohnmayer will outline the way forward for replicable and distributed mass production and officially cut the tape for the new FUV assembly line at the manufacturing facility. State-of-the-art RAMP from Arcimoto. Acquired in Q2 2021, the RAMP site includes approximately 250,000 square feet of roofed buildings on more than ten acres of land. Arcimoto is developing the facility with a targeted maximum production capacity of 50,000 vehicles assembled each year.
“Arcimoto made phenomenal progress in 2021 towards its mission to deliver true sustainable mobility solutions at a scale that significantly addresses the root cause of climate change, one of the most important and current challenges. facing humanity today, ”Frohnmayer said. “The main objective of Arcimoto in 2022, without exception, is to achieve mass production of the Arcimoto FUV platform. As such, we are very happy to show our key stakeholders, in person, our new production facility and new assembly line, clearly chart the way forward and showcase exciting technologies and product offerings. which we believe will fundamentally transform the nature of the urban environment. transport.”
RAMP IT UP will be open to media, Arcimoto shareholders, analysts, FUV owners, pre-order customers and enthusiasts by invitation only. To request a ticket or register for the live stream online, send an email to [email protected]. For those joining in person, Arcimoto will organize guided tours of the factory through the new site, as well as demonstration walks of the FUV, Arcimoto’s flagship electric vehicle specially designed for everyday driving.
“In more than a decade, Arcimoto has grown from a briefcase sketch to a world-class design and manufacturing company creating revolutionary mobility solutions for the clean cities of tomorrow,” continued Frohnmayer. “Since our inception, Arcimoto has been fueled by a passionate community of stakeholders who share with us an inspired vision and mandate for a sustainable future. We invite you to join us as we enter the next and most exciting leg of our journey. “
For the latest company updates, follow Arcimoto on Youtube, Facebook, Instagram, Twitter, TIC Tac, and LinkedIn. Information for investors on the company, including press releases, stakeholder webcast reruns, 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 make the transition to a sustainable transportation system. Arcimoto vehicles are currently available in California, Oregon, Washington, Nevada, Arizona and Florida. Our flagship vehicle, the Arcimoto FUV®, is specially designed for everyday driving and transforms ordinary journeys into purely electric rides. 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 Delivery man® and Fast answering machine™ offer last mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gasoline-powered vehicles. Scheduled for launch in 2022, the Flatbed represents Arcimoto’s vision of a good-sized, all-electric utility van. The upcoming Cameo ™ is designed to create a smooth, quiet and durable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto manufacturing facility in Eugene, Oregon. For more information, please visit Arcimoto.com.
Safe Harbor / Forward-looking statements
Except for historical information, all statements, expectations and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, without limitation, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statement relating to our future business 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 and include, without limitation, our expectations with respect to vehicle deliveries, the establishment of our service network and delivery and our expected production rate. Therefore, actual results and results may differ and are likely to differ materially from what is expressed or expected in forward-looking statements due to many factors discussed from time to time in documents that we file with the SEC. In addition, such statements could be affected by risks and uncertainties relating to, among other things: our ability to manage the distribution channels of our products, including our ability to successfully implement our rental strategy, direct-to-consumer distribution strategy and any additional distribution strategy we may deem appropriate; our ability to design, manufacture and market vehicle models on schedule as a vehicle is made up of several thousand unique items and we cannot go as fast as the slowest item; our inexperience to date in manufacturing the high volume vehicles we anticipate; our ability to maintain quality control over our vehicles and to avoid physical vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to honor those reservations; unforeseen or recurring operational problems at our plant, or a catastrophic loss of our manufacturing plant; our dependence on our suppliers; changes in consumer demand and acceptance of our products: changes in the competitive environment, including the adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry in particular; changes in laws or regulations governing our business and operations; the costs and risks associated with potential litigation; and other risks described from time to time in the periodic and routine reports that we file with the SEC. All forward-looking statements speak only as of the date they are made, and except as may be required under applicable securities laws, we assume no obligation to update any forward-looking statements.
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