Arcimoto, makers of fun, utility vehicles for commuters and fleets, announced NASDAQ’s approval today. The company can now list its shares of common stock on The NASDAQ Global Market, a positive growth sign.
A Eugene, Oregon manufacturer of affordable three-wheeled electric vehicles (EVs), Arcimoto looks to change the world. Their Fun Utility Vehicles (FUVs) can be preordered in California, Oregon, Washington, and Florida. Arcimoto also offers two other models, with the Deliverator for last-mile delivery, and the emergency response Rapid Responder. All three cost less than gas-powered vehicles while promoting their lower environmental impact.
“Arcimoto’s rise speaks volumes about the urgency of our mission, and the importance of creating a sustainable transportation system as soon as possible,” said Mark Frohnmayer, Arcimoto Founder and CEO. “Arcimoto is building products to solve this global problem. We believe the move to The Nasdaq Global Market will make Arcimoto more accessible to investors around the world.”
Starting at $17,900, the FUV has a 75 MPH top speed, and a 100-mile city range. The FUV has a 29-foot turning circle. Plug it into any 110- or 220-volt outlet. Arcimoto backs it with a 3-year, 36,000-mile warranty. The FUV is positioned as an alternative to owning a car. There are only four options, including four half-door sets, locking rear storage, a phone mount, and a cup holder. Its heated seats and handgrips are no doubt welcome on chilly days in the Pacific Northwest.
Our relative proximity to Arcimoto’s Oregon headquarters makes it entirely possible to test drive, or ride as the case may be, an FUV in the near future. We’ll be waiting for the opportunity to see if it’s as much fun as they say it is.