Arcimoto, Inc. Stock Price, News & Analysis

Arcimoto, Inc. (NASDAQ: FUV) showcased the 4th Generation Prototype of the Mean Lean Machine at a recent team event, unveiling enhancements like improved suspension and carbon-fiber wheels. The prototype will be showcased at the World Athletics Championship in Eugene, Oregon. Additionally, the beta version of a Torque Vectoring software upgrade was demonstrated, aimed at enhancing traction and steering. Arcimoto plans to roll out this software to current customers by year-end, while also offering a three-tier product strategy for the Mean Lean Machine lineup.

Arcimoto, Inc. (NASDAQ: FUV) has announced the appointment of Ray Nichols as Chief Business Support Officer and Chad Boardrow as Chief Supply Chain Officer. Nichols has over 20 years of experience in business management, expanding Arcimoto's operations since joining in 2017. Boardrow, with nearly two decades in supply chain management, has been with Arcimoto since 2019. Additionally, the company's Annual Meeting of Shareholders, initially scheduled for July 15, will reconvene on July 29 to meet quorum requirements for voting.

Arcimoto, Inc. (NASDAQ: FUV) announced their participation at the Riverfront Festival in Eugene alongside the World Athletics Championships, offering daily demo rides and facility tours. The Annual Shareholder Meeting is set for July 15, 2022, both in-person and online. Previously postponed due to quorum issues, shareholders as of April 20, 2022, are encouraged to vote. The festival runs until July 24, showcasing Arcimoto’s electric vehicles. CEO Mark Frohnmayer expressed excitement about demonstrating the company’s innovations to a global audience.

Arcimoto, Inc. (NASDAQ: FUV) has partnered with EV Moto to offer rentals of its Fun Utility Vehicles and Roadsters in Sarasota, Florida. This initiative expands Arcimoto's rental locations, now totaling nine across the U.S., including popular tourist spots. Lynn Yeager, Chief Experience Officer, emphasized the opportunity for locals and tourists to enjoy unique electric adventures, enhancing brand awareness. Barry Moffit of EV Moto highlighted the suitability of Arcimoto vehicles for exploring the area's attractions, making for memorable experiences.

Arcimoto (NASDAQ: FUV) announced a record production of 102 vehicles in Q2, marking the highest quarterly output in its history. The company delivered 41 customer vehicles and produced 41 vehicles for marketing, alongside 20 rental vehicles, expanding its rental fleet to 109 vehicles. Despite facing production challenges due to supply chain issues, Arcimoto aims to produce 1,000 vehicles by year-end. Additionally, the company’s Annual Shareholder Meeting is rescheduled for July 15, urging investors to participate.

Arcimoto, Inc. (NASDAQ: FUV) announced its 2022 Annual Meeting of Shareholders was convened on July 1, 2022, but adjourned without conducting business due to insufficient quorum. The meeting will reconvene on July 15, 2022, to allow more time for shareholders to vote on proposals in the definitive proxy statement dated May 2, 2022. Shareholders of record as of April 20, 2022, are eligible to vote. If quorum is not met, further adjournments may result in additional costs for the company.

Arcimoto (NASDAQ: FUV) announced that its 2022 Annual Meeting of Shareholders was convened and adjourned on June 17, 2022, due to insufficient quorum. The meeting will reconvene on July 1, 2022, to allow more shareholders to vote on the proposals. The company will continue soliciting votes during this adjournment. If a quorum is not reached by the new date, further adjournments may increase costs for the company. Only shareholders from the April 20 record date are eligible to vote, and proxies submitted will remain effective.

Arcimoto, Inc. (NASDAQ: FUV), a leader in the electric vehicle sector, has announced a financing agreement with FreedomRoad Financial. This partnership aims to facilitate vehicle financing for customers interested in acquiring Arcimoto’s innovative electric vehicles. Chief Experience Officer Lynn Yeager emphasized the significance of this deal, which simplifies the purchasing process for consumers. FreedomRoad Financial, recognized for its extensive powersports lending, will aid customers in realizing their aspirations of owning an Arcimoto vehicle, reinforcing the company's growth strategy in the EV market.

Arcimoto, Inc. (NASDAQ: FUV) announced its participation in three investor conferences in June 2022. The conferences include the LD MICRO Invitational XII, Stifel 2022 Cross Sector Insight Conference, and Credit Suisse Mobility Forum, showcasing Arcimoto's electric vehicles and business developments. Key highlights include the new RAMP manufacturing facility, expansion to Hawaii with a new experience center, a pilot program for the Deliverator vehicle in Manhattan, and electric wine tours in Temecula Valley. Investor updates can be accessed through their website.