- CEO
- Christopher W. Dawson
- Full Time Employees
- 120
- Sector
- Consumer Cyclical
- Industry
- Auto - Recreational Vehicles
- Address
- 2034 West 2nd Avenue Eugene OR United States of America 97402
- IPO Date
- Sep 21, 2017
- Business
- Arcimoto Inc (FUVV) designs, develops, manufactures, sells and rents ultra-efficient three-wheeled electric vehicles primarily for urban consumer trips, last-mile delivery and specialized applications in the United States. The company offers its flagship Fun Utility Vehicle (FUV) for everyday personal use; Modular Utility Vehicle (MUV) with 25 cubic feet of cargo capacity via the MUV Cargo Package; Deliverator for electric last-mile delivery solutions; Rapid Responder for emergency services and security; TRiO, a bolt-on kit converting two-wheeled motorcycles into tilting three-wheeled models; Arcimoto Flatbed prototype without rear seating; Cameo for film, sports and influencer applications; Arcimoto Roadster as a pure-electric on-road thrill machine; and Mean Lean Machine, a Class 3 e-trike, all featuring all-electric powertrains with 102-mile range, 75 mph top speed and instant torque. Founded in 2007 and headquartered in Eugene, Oregon, Arcimoto operates from manufacturing facilities including the Advanced Manufacturing Plant (AMP1) and the larger Rapid Advanced Manufacturing Plant (RAMP) acquired in 2021 for expanded production capacity targeting up to 25,000 vehicles annually once fully ramped. Recent developments include a strategic partnership with MATBOCK to integrate American-made technologies for electric and hybrid utility vehicles tailored to U.S. Department of Defense operations and tactical applications; a collaboration with Gwynndustries for customized MUV features in commercial and industrial uses; the debut of the MUV for professional applications; a $6.7 million fundraising round; $6 million in additional funding following a $12 million public offering in early 2023; and the sale of its U.S. manufacturing facility with a leaseback option to optimize capital and space for growth amid efforts toward profitability by 2025, despite recent downsizing due to financial challenges.