|Bid||0.0000 x 800|
|Ask||0.0000 x 2900|
|Day's Range||4.6500 - 5.2800|
|52 Week Range||1.5530 - 7.3500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.25|
Green vehicle manufacturer Arcimoto (FUV), which manufactures green three-wheeled mini-vehicles, is preparing for the commercial launch of its efficient and economical product, the Fun Utility Vehicle (FUV). At the same time, management strives to reduce construction time and increase production efficiency as the company moves towards mass scale production for retail sales. Reflecting the versatility of the basic FUV, the company has announced additional models, including those targeting the rental, first responder and delivery markets.
Continuing its evolution from startup company to electric vehicle manufacturer, Arcimoto Inc (NASDAQ: FUV) announced the development of the Deliverator, a last-mile delivery vehicle that will be assembled at the company's manufacturing facility in Eugene, Oregon. "With the Deliverator, we set out to create a vehicle that would solve the problem of local and last-mile delivery, which has traditionally been dominated by big, expensive, polluting delivery trucks and vans that often block traffic and increase congestion in urban environments," said Mark Frohnmayer, President and Founder of Arcimoto, in a statement.
You might remember Arcimoto as the company behind the "Fun Utility Vehicle" (FUV) -- a three-wheeled, electric vehicle that's scheduled to hit the streets in Oregon, California and Washington this summer. With the FUV underway, Arcimoto has opened presales for a similar vehicle with a new concept. Called the "Deliverator," it's a three-wheel, pure electric vehicle meant for local deliveries.
Built for small businesses and fleets, the Deliverator will reduce last-mile-delivery costs compared to traditional delivery vehicles. Arcimoto, Inc.® (FUV) is proud to announce that the Deliverator, a three-wheel, pure electric local delivery vehicle, is now in development at the Arcimoto Manufacturing Plant in Eugene, Ore. Designed to quickly, safely, and affordably get the goods where they need to go, the Deliverator will target 100 city miles of range, 75-mph top speed, 350-pound carrying capacity, and 20+ cubic feet of cargo space.
Arcimoto, Inc.® (FUV) — makers of the Fun Utility Vehicle® (FUV®) — an affordable, practical, and joyful pure electric vehicle for everyday commuters and fleets, today announced that management will attend the ROTH Conference at The Ritz-Carlton, Laguna Niguel in Dana Point, California on Tuesday, March 19, 2019. “We are in the midst of a massive shift in transportation, driven by vehicle electrification, new shared-use models, and autonomous driving," said Mark Frohnmayer, Founder and President of Arcimoto.
Arcimoto, Inc.® (FUV) unveiled the Rapid Responder™, a pure electric three-wheeled vehicle designed for first responders to efficiently and more quickly reach emergencies, as well as for security and law enforcement applications. Arcimoto also announced that it has agreed in principle to test the Rapid Responder Fleet in pilot programs with the City of Eugene, the Eugene Springfield Fire Department, and the city of Eastvale, California. Arcimoto anticipates that the first production Rapid Responders will be delivered in 2020.
Arcimoto investors got quite a valentine on Thursday. The company’s stock, stuck well under its IPO price of $6.50 since it was listed on Nasdaq in September 2017, more than doubled on Thursday, closing the day at $7.10. The latest news from the Eugene company came a week ago, when it said it would soon begin retail sales of its three-wheeled, electric “Fun Utility Vehicle.” But that hadn't moved the stock — it remained in the $3.20 to $3.40 range through Wednesday this week.
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Arcimoto has started taking orders for its three-wheeled electric vehicle. The Fun Utility Vehicle (FUV) Evergreen Edition will set you back $19,900 before tax credits and rebates, which is a far cry from Arcimoto's target of $11,900, though it aims to push down the price over time. "As we scale operations and drive down costs, we intend to introduce even more affordable variations until we hit our target base price of $11,900," Mark Frohnmayer, Arcimoto's founder and president, said in a statement.
Arcimoto now accepting reservations as it moves to retail production. Arcimoto, Inc.® (FUV) announced today that it is now accepting customer reservations for its new flagship electric vehicle, the FUV Evergreen Edition, in Oregon, California, and Washington. The Evergreens will be the world’s first FUVs available for retail purchase, with first customer deliveries planned for spring.
Arcimoto has begun taking retail orders, requiring a $5,000 nonrefundable down payment, as it embarks on delivering 100 units of a "flagship" three-wheeled Fun Utility Vehicle by the end of June. Arcimoto has long acknowledged it would take time to work costs out of the FUV — a challenge Tesla knows all about with the Model 3 — so the initial price isn’t a surprise. “We are committed to our long-term price target,” Mark Frohnmayer, the company's founder and president, said in an interview.
Arcimoto, Inc.® (FUV) — makers of the Fun Utility Vehicle® (FUV®) — an affordable, practical, and joyful pure electric vehicle for everyday commuters and fleets, announced today that it has raised $4.5 million in funding and is now targeting production of the world’s first Fun Utility Vehicles for retail customers in the first quarter of 2019. The financing, led by FOD Capital, LLC, included the purchase of 500,000 shares of Arcimoto’s common stock at a purchase price of $3.00 per share, as well as the issuance of a $3.0 million senior secured note, which bears 10% interest over a one-year term, and a warrant to purchase 942,857 shares of registered FUV common stock for $3.50 per share.
Favorite son Arcimoto could have competition in Oregon next year, when it expects to begin large-scale production of its three-wheeled electric vehicle. An entry out of Canada — by way of China — is on its way, targeting the region with support from a noted local brand builder. Vancouver, B.C.-based Electra Meccanica showed off its Solo model Tuesday evening in downtown Portland.
The founder and other insiders ponied up in a new offering amid delays in getting production rolling.
Green vehicle manufacturer Arcimoto (FUV) is preparing for the commercial launch of its efficient and economical product, the Fun Utility Vehicle (FUV). As the company positions itself to benefit from government mandates of lower car emissions and rising consumer interest in green automobiles, Arcimoto is ramping up its production and distribution capabilities and hopes to begin small scale retail series production by the end of 2018. The company expects to ramp-up Retail Series production in 2019.
Arcimoto, Inc.® — makers of the Fun Utility Vehicle® — an affordable, practical, and joyful pure electric vehicle for everyday commuters and fleets, today announced that CEO Mark Frohnmayer will present at the 11th Annual LD Micro Main Event in Los Angeles, California.
President & CEO of Arcimoto Inc (NASDAQ:FUV) Mark Frohnmayer bought 139,903 shares of FUV on 11/19/2018 at an average price of $3 a share.
Arcimoto, Inc.® (FUV) — makers of the Fun Utility Vehicle® (FUV®) — an affordable, practical, and joyful pure electric vehicle for everyday commuters and fleets, today announced pricing of its offering of 504,900 shares of its common stock at $3.00 per share. The offering, which is expected to result in $1,514,700 in gross proceeds to the Company, was initiated Friday, November 18, 2018, at the conclusion of Arcimoto’s earnings webinar, and was marketed via email and online throughout the weekend. Arcimoto’s Fun Utility Vehicle is an ultra-efficient, pure electric three-wheeled motorcycle designed to meet the utility needs of a wide range of daily drivers.
NEW YORK, Nov. 19, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Arcimoto, Inc.® (FUV) — makers of the Fun Utility Vehicle® (FUV®) — an affordable, practical, and joyful pure electric vehicle for everyday commuters and fleets, today announced financial results for the third quarter ended September 30, 2018. Arcimoto has released a third quarter 2018 corporate update video, which can be viewed at http://invest.arcimoto.com. Completed production of 15 Beta Series FUVs and began a 6-unit production run for final retail design test vehicles, reducing build time through increasing integration of automation and in-house production processes for the frame and chassis while further improving vehicle mechanics and overall quality.
Arcimoto, Inc.® — makers of the Fun Utility Vehicle® — an affordable, joyful, pure electric vehicle for everyday drivers and fleets, announced today that it has rescheduled its third quarter financial results webcast to Friday, November 16, 2018 at 2:00 p.m.
Arcimoto, Inc.® — makers of the Fun Utility Vehicle® — an affordable, joyful, pure electric vehicle for everyday drivers and fleets, will release financial results for the third quarter ended September 30, 2018, after market close on Tuesday, November 13, 2018.
The new FUV Hub will serve as a showroom, service, and charging center for Fun Utility Vehicles as well as electric scooters, bikes, and cars in downtown San Diego. Arcimoto, Inc.® (FUV) — makers of the Fun Utility Vehicle® (FUV) — an affordable, joyful, pure electric vehicle for everyday drivers and fleets, announced today that it plans to open its second FUV Hub rental location in downtown San Diego in the coming months.