Arcimoto Inc (FUV)

Arcimoto Inc (FUV)

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Arcimoto Inc (FUV) Profile

Arcimoto Inc (FUV.xnas) is an electric vehicle company headquartered in Eugene, Oregon, United States. Arcimoto designs, manufactures and sells the Fun Utility Vehicle or FUV, a two-seat, three-wheeled electric vehicle. Arcimoto also produces various products based on the same vehicle platform, and they have 102 miles (164km) of range from the battery-electric powertrain. Arcimoto's platform is divided into the FUV for personal use, the Rapid Response for emergency services, and the Deliverator for last-mile and local delivery. The Arcimoto company employs 132 people, and its products are available in California, Washington, Arizona, Nevada, Oregon, Florida, with more states adding soon. Arcimoto Inc stock (FUV) is listed on the NASDAQ and had a market capitalisation of $274.34M (USD) as of January 2022. As the company refines their manufacturing processes and the product platform, the AMP will act as a template for future AMPs. It will support 50,000 to 100,000 units per year and plans to expand its production capacity in Europe and Southeast Asia. In 2021, Arcimoto purchased a manufacturing facility with a RAMP of 185,000 square feet, and the company expects to produce 25,000 vehicles in this facility.

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