Arcimoto
Oregon-based electric trike manufacturer
Arcimoto, Inc. is an electric vehicle company headquartered in Eugene, Oregon, that designs, manufactures, and sells the FUV—a tandem two-seat, three-wheeled electric vehicle—and its four variations.
Due to failure in scaling production to reduce unit price, Arcimoto ran into financial troubles in 2023, which stopped all production and resulted in the company being delisted from NASDAQ. At its peak in February 2021, Arcimoto held a market capitalization of $1.2 billion, which fell to $3,690 as of July 2024.
Company overview
History
On September 23, 2009, Arcimoto debuted the Pulse, with an estimated $20,000 price, taking pre-orders for $500. The Pulse is now considered a Generation 3 prototype by the company.
On April 23, 2011, Arcimoto revealed their fifth prototype, and the first SRK. According to Founder Mark Frohnmayer, actor Nathan Fillion drove their vehicle and came out saying it was like driving a shark, which is where the name SRK came from. This model added extra power (89 hp) and four body designs on a common chassis. According to Frohnmayer, Generation 6 SRK, revealed in April 2012, was to be the pilot with 14 vehicles produced, 10 of which already had committed purchasers, then the pilot run had been increased to 40 units, sold for $41,000 each. Some time later, Generation 7 was expected to be the mass production model in late 2012 but the company determined it was too large and heavy to create a viable market solution and opted to develop an eighth prototype generation that featured handlebars instead of a steering wheel.
In 2017, Arcimoto filed an IPO and was listed on NASDAQ as FUV and soon after began delivering its first production vehicle named the FUV.
In June 2020, Arcimoto started working with Sandy Munro to streamline the design and manufacture.
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This entry incorporates text from “Arcimoto” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.