Arcimoto FUVs a NASDAQ Addition

Jason R. Sakurai
by Jason R. Sakurai
arcimoto fuvs a nasdaq addition

Arcimoto, makers of fun, utility vehicles for commuters and fleets, announced NASDAQ’s approval today. The company can now list its shares of common stock on The NASDAQ Global Market, a positive growth sign.

A Eugene, Oregon manufacturer of affordable three-wheeled electric vehicles (EVs), Arcimoto looks to change the world. Their Fun Utility Vehicles (FUVs) can be preordered in California, Oregon, Washington, and Florida. Arcimoto also offers two other models, with the Deliverator for last-mile delivery, and the emergency response Rapid Responder. All three cost less than gas-powered vehicles while promoting their lower environmental impact.

“Arcimoto’s rise speaks volumes about the urgency of our mission, and the importance of creating a sustainable transportation system as soon as possible,” said Mark Frohnmayer, Arcimoto Founder and CEO. “Arcimoto is building products to solve this global problem. We believe the move to The Nasdaq Global Market will make Arcimoto more accessible to investors around the world.”

Starting at $17,900, the FUV has a 75 MPH top speed, and a 100-mile city range. The FUV has a 29-foot turning circle. Plug it into any 110- or 220-volt outlet. Arcimoto backs it with a 3-year, 36,000-mile warranty. The FUV is positioned as an alternative to owning a car. There are only four options, including four half-door sets, locking rear storage, a phone mount, and a cup holder. Its heated seats and handgrips are no doubt welcome on chilly days in the Pacific Northwest.

Our relative proximity to Arcimoto’s Oregon headquarters makes it entirely possible to test drive, or ride as the case may be, an FUV in the near future. We’ll be waiting for the opportunity to see if it’s as much fun as they say it is.

[Images: Arcimoto]

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  • Sirwired Sirwired on Apr 14, 2021

    $18k for a really fast golf cart? Hard pass.

  • Joevwgti Joevwgti on Apr 14, 2021

    I'd be absolutely open to this, if we could get the value proposition higher, or cost much lower. Either it needs to offer a ton more range, full doors(as others have noted)...or, it needs to drop by about 10k(before incentives).

  • Nrd515 I bought an '88 S10 Blazer with the 4.3. We had it 4 years and put just about 48K on it with a bunch of trips to Nebraska and S. Dakota to see relatives. It had a couple of minor issues when new, a piece of trim fell off the first day, and it had a seriously big oil leak soon after we got it. The amazinly tiny starter failed at about 40K, it was fixed under some sort of secret warranty and we got a new Silverado as a loaner. Other than that, and a couple of tires that blew when I ran over some junk on the road, it was a rock. I hated the dash instrumentation, and being built like a gorilla, it was about an inch and a half too narrow for my giant shoulders, but it drove fine, and was my second most trouble free vehicle ever, only beaten by my '82 K5 Blazer, which had zero issues for nearly 50K miles. We sold the S10 to a friend, who had it over 20 years and over 400,000 miles on the original short block! It had a couple of transmissions, a couple of valve jobs, a rear end rebuild at 300K, was stolen and vandalized twice, cut open like a tin can when a diabetic truck driver passed out(We were all impressed at the lack of rust inside the rear quarters at almost 10 years old, and it just went on and on. Ziebart did a good job on that Blazer. All three of his sons learned to drive in it, and it was only sent to the boneyard when the area above the windshield had rusted to the point it was like taking a shower when it rained. He now has a Jeep that he's put a ton of money into. He says he misses the S10's reliablity a lot these days, the Jeep is in the shop a lot.
  • Jeff S Most densely populated areas have emission testing and removing catalytic converters and altering pollution devices will cause your vehicle to fail emission testing which could effect renewing license plates. In less populated areas where emission testing is not done there would probably not be any legal consequences and the converter could either be removed or gutted both without having to buy specific parts for bypassing emissions. Tampering with emission systems would make it harder to resell a vehicle but if you plan on keeping the vehicle and literally running it till the wheels fall off there is not much that can be done if there is no emission testing. I did have a cat removed on a car long before mandatory emission testing and it did get better mpgs and it ran better. Also had a cat gutted on my S-10 which was close to 20 years old which increased performance and efficiency but that was in a state that did not require emission testing just that reformulated gas be sold during the Summer months. I would probably not do it again because after market converters are not that expensive on older S-10s compared to many of the newer vehicles. On newer vehicles it can effect other systems that are related to the operating and the running of the vehicle. A little harder to defeat pollution devices on newer vehicles with all the systems run by microprocessors but if someone wants to do it they can. This law could be addressing the modified diesels that are made into coal rollers just as much as the gasoline powered vehicles with cats. You probably will still be able to buy equipment that would modify the performance of a vehicles as long as the emission equipment is not altered.
  • ToolGuy I wonder if Vin Diesel requires DEF.(Does he have issues with Sulfur in concentrations above 15ppm?)
  • ToolGuy Presented for discussion: https://xroads.virginia.edu/~Hyper2/thoreau/civil.html
  • Kevin Ford can do what it's always done. Offer buyouts to retirement age employees, and transfers to operating facilities to those who aren't retirement age. Plus, the transition to electric isn't going to be a finger snap one time event. It's going to occur over a few model years. What's a more interesting question is: Where will today's youth find jobs in the auto industry given the lower employment levels?
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