Arcimoto CEO Provides 2019 Business Recap and Outlines Plans for 2020
Arcimoto, Inc. (FUV)
Last arcimoto, inc. earnings: 11/14 06:22 am
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Source: Business Wire
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (NASDAQ: FUV), a leading manufacturer of ultra-efficient three-wheeled everyday electric vehicles, today provided the following business update from the Company’s CEO, Mark Frohnmayer.The Watershed Year“2019 was the most pivotal year in Arcimoto’s history. We achieved a milestone twelve years in the making with the launch of retail production of the Fun Utility Vehicle (FUV) at our automated factory in Oregon.We also demonstrated the flexibility of the Arcimoto platform. We introduced the Rapid Responder in February and in March we unveiled the Deliverator. Designed to address the needs of emergency/security response and last mile delivery respectively, we believe Arcimoto’s full family of platform products will provide the sales and production volume necessary for the Company to become a meaningful producer in the clean transportation space.Finally, we further defined Arcimoto’s initial in-market experience model. We believe both the
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