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.jpg) Arcimoto test drive | |
| Company type | Public |
|---|---|
| Nasdaq: FUV | |
| Industry | Automotive |
| Founded | November 2007 in Eugene, Oregon |
| Founder | Mark Frohnmayer |
| Headquarters | Eugene, Oregon , United States |
Key people | [1] |
| Products | Electric vehicles |
| Website | arcimoto |
Arcimoto, Inc. is an electric vehicle company headquartered in Eugene, Oregon that designed, manufactured, and sold the FUV—a tandem two-seat, three-wheeled electric vehicle[2]—and its four variations.[3]
Due to failure in scaling production to reduce unit price, Arcimoto ran into financial troubles in 2023, which stopped all production and delisted the company from NASDAQ. At its peak in February 2021, Arcimoto held a market capitalization of $1.2 billion, which has since fallen to $3,690 as of July 2024[update].[4]
- ^ "Arcimoto shakes up leadership team with new CEO, president". April 21, 2023. Retrieved April 21, 2023.
- ^ "Arcimoto Charges Ahead With First Deliveries of Electric FUVs". Cheddar. Archived from the original on November 28, 2019. Retrieved November 28, 2019.
- ^ "Arcimoto Announces Strategic Agreement With Munro & Associates To Plan For High Volume Production of Ultra Efficient Electric Vehicles". www.businesswire.com. June 10, 2020. Retrieved October 30, 2020.
- ^ Danko, Pete (July 18, 2024), "Oregon public company's market cap, once at $1.2B, falls to $3,690", Portland Business Journal, American City Business Journals, archived from the original on July 19, 2024, retrieved September 13, 2024