LOS ANGELES--(BUSINESS WIRE)--

Arcimoto, Inc.® (NASDAQ: FUV), makers of the world’s first Fun Utility Vehicle™ (FUV) — an affordable and practical pure electric vehicle for everyday commuters and fleets, today delivered its first-ever Signature Series FUV. The vehicle delivery took place today at AutoMobility LA, the official press event of the LA Auto Show, at a press conference hosted by Arcimoto executives. The historic debut vehicle will be on-display in Booth SL7B throughout the first weekend of the LA Auto Show. The full show runs December 1-10 at the LA Convention Center.

At the press event, the world’s first Fun Utility Vehicle was ceremoniously delivered to Arcimoto’s first paying customer, Arcimoto Founder and President Mark Frohnmayer.

“I am insanely stoked today to accept the keys to our first-ever Arcimoto FUV production unit. To do so on the eve of one of the world’s most prestigious auto shows where we can share the fruits of our labors with so many forward-looking vehicle enthusiasts is a truly powerful moment for our company and our industry,” said Frohnmayer. “This moment is the culmination of a decade-long journey to create a true sustainable mobility solution, and this milestone marks our transition from a development-stage company to a vehicle production venture.”

Arcimoto was founded in 2007 to catalyze the shift to a sustainable transportation system. Its flagship model, the Arcimoto SRK®, sports a reverse trike, three-wheeled design propelled by twin front motors, an estimated curb weight of 1,100 pounds and a target starting price of $11,900. If offers ample room for two people and their gear, and will travel an estimated 70-miles (base model) or 130-miles (extended range option) on a single charge. The dual-motor drive system delivers 0-60 mph acceleration in 7.5 seconds and a top speed of 80 mph. The low center of gravity, lightweight platform, and anti-dive optimization make for an extremely agile and responsive ride, and at 1/4 the mass footprint of the average passenger vehicle and 1/3 the price, the Arcimoto SRK is the most efficient, most affordable and most entertaining daily electric vehicle on the market today.

“Ten years ago, Arcimoto was nothing more than a napkin sketch and a dream. Today we have delivered our first Arcimoto FUV production unit, which we will showcase to the automotive world starting tomorrow,” continued Frohnmayer. “In the last 90 days we’ve gone public on Nasdaq, opened our newly-renovated Arcimoto Manufacturing Plant, and recognized meaningful revenue from a shipped product for the first time in the company’s history. This is truly an exciting time to be a part of the Arcimoto journey, and we are thrilled at the prospect of delivering FUVs to the thousands of our supporters who’ve placed reservations.”

About Arcimoto, Inc.

Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today with a target purchase price of $11,900, Arcimoto’s SRK defines the Fun Utility Vehicle category: it’s the lightest, most affordable and performance-packed electric vehicle suitable for the daily driver. For more information please visit www.arcimoto.com

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