{"id":409735,"date":"2021-01-06T12:33:19","date_gmt":"2021-01-06T17:33:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409735"},"modified":"2021-01-06T12:33:19","modified_gmt":"2021-01-06T17:33:19","slug":"arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/","title":{"rendered":"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon<\/b><\/p>\n<p class=\"bwalignc\"><i>Fivefold increase of manufacturing space expected to accelerate mass production of Company\u2019s ultra-efficient EVs.<\/i><\/p>\n<p>EUGENE, Ore.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nArcimoto, Inc.\u00ae (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that it has agreed to purchase a 185,000 square foot manufacturing site in Eugene, Oregon. More than five times as large as Arcimoto\u2019s current manufacturing facilities, the new site will be instrumental in achieving mass production of Arcimoto\u2019s ultra-efficient electric vehicles.\n<\/p>\n<p>\n\u201cIn 2020 we articulated an aggressive goal to achieve mass production within two years,\u201d said Arcimoto Founder and CEO, Mark Frohnmayer. \u201cWe believe the acquisition of this existing manufacturing facility is a critical leap toward our goal.\u201d\n<\/p>\n<p>\n&#8220;Purchasing an existing facility helps reduce risk during scale,\u201d said Chief Strategy Officer Jesse Fittipaldi. \u201cInstead of spending time designing and then building a new factory, we can start right away with facility retrofits and production line layout. We are thrilled that this site became available at an opportune moment in our planning process.&#8221;\n<\/p>\n<p>\nThe sale is contingent upon the Company\u2019s complete and unconditional approval of the property and its physical condition, zoning and land use restrictions, and a Phase I environmental assessment. Closing is scheduled to occur on March 31, 2021.\n<\/p>\n<p><b>About Arcimoto, Inc.<\/b><\/p>\n<p>\nArcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers in California, Oregon, Washington, and Florida, the Arcimoto <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.arcimoto.com%2Ffuv&amp;esheet=52357493&amp;newsitemid=20210106005696&amp;lan=en-US&amp;anchor=FUV&amp;index=1&amp;md5=e7f09a6fb7ef68f62013b50ec195ba02\">FUV<\/a>\u00ae is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.arcimoto.com%2Fdeliverator&amp;esheet=52357493&amp;newsitemid=20210106005696&amp;lan=en-US&amp;anchor=Deliverator&amp;index=2&amp;md5=5d14430b0815e5ded10977d7266c1cfa\">Deliverator<\/a>\u00ae and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.arcimoto.com%2Frapid-responder&amp;esheet=52357493&amp;newsitemid=20210106005696&amp;lan=en-US&amp;anchor=Rapid+Responder&amp;index=3&amp;md5=2dc6b7bda8563106a463731bb13417d2\">Rapid Responder<\/a>\u2122 provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo\u2122, aimed at the film and influencer industry; and the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.arcimoto.com%2Froadster&amp;esheet=52357493&amp;newsitemid=20210106005696&amp;lan=en-US&amp;anchor=Roadster&amp;index=4&amp;md5=e48bcf860ffee733105aaabd62437be3\">Roadster<\/a>, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.arcimoto.com&amp;esheet=52357493&amp;newsitemid=20210106005696&amp;lan=en-US&amp;anchor=Arcimoto.com&amp;index=5&amp;md5=0d8de28203d008247f9dc73bc410807e\">Arcimoto.com<\/a>.\n<\/p>\n<p><b>Safe Harbor \/ Forward-Looking Statements<\/b><\/p>\n<p>\nExcept for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210106005696r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210106005696\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210106005696\/en\/<\/a><\/span><\/p>\n<p><b>Public Relations Contact:<br \/>\n<\/b><br \/>Megan Kathman<br \/>\n<br \/>(651) 785-3212<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:pr@arcimoto.com\">pr@arcimoto.com<\/a><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:investor@arcimoto.com\">investor@arcimoto.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Oregon United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Automotive Automotive Manufacturing General Automotive Environment Manufacturing Alternative Vehicles\/Fuels Other Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210106005696\/en\/798502\/3\/arcsquarelogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon Fivefold increase of manufacturing space expected to accelerate mass production of Company\u2019s ultra-efficient EVs. EUGENE, Ore.&#8211;(BUSINESS WIRE)&#8211; Arcimoto, Inc.\u00ae (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that it has agreed to purchase a 185,000 square foot manufacturing site in Eugene, Oregon. More than five times as large as Arcimoto\u2019s current manufacturing facilities, the new site will be instrumental in achieving mass production of Arcimoto\u2019s ultra-efficient electric vehicles. \u201cIn 2020 we articulated an aggressive goal to achieve mass production within two years,\u201d said Arcimoto Founder and CEO, Mark Frohnmayer. \u201cWe believe the acquisition of this &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409735","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon Fivefold increase of manufacturing space expected to accelerate mass production of Company\u2019s ultra-efficient EVs. EUGENE, Ore.&#8211;(BUSINESS WIRE)&#8211; Arcimoto, Inc.\u00ae (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that it has agreed to purchase a 185,000 square foot manufacturing site in Eugene, Oregon. More than five times as large as Arcimoto\u2019s current manufacturing facilities, the new site will be instrumental in achieving mass production of Arcimoto\u2019s ultra-efficient electric vehicles. \u201cIn 2020 we articulated an aggressive goal to achieve mass production within two years,\u201d said Arcimoto Founder and CEO, Mark Frohnmayer. \u201cWe believe the acquisition of this &hellip; Continue reading &quot;Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T17:33:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210106005696r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon\",\"datePublished\":\"2021-01-06T17:33:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\\\/\"},\"wordCount\":839,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210106005696r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\\\/\",\"name\":\"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon - 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EUGENE, Ore.&#8211;(BUSINESS WIRE)&#8211; Arcimoto, Inc.\u00ae (NASDAQ: FUV), makers of affordable, practical, and joyful pure electric vehicles for everyday commuters and fleets, today announced that it has agreed to purchase a 185,000 square foot manufacturing site in Eugene, Oregon. More than five times as large as Arcimoto\u2019s current manufacturing facilities, the new site will be instrumental in achieving mass production of Arcimoto\u2019s ultra-efficient electric vehicles. \u201cIn 2020 we articulated an aggressive goal to achieve mass production within two years,\u201d said Arcimoto Founder and CEO, Mark Frohnmayer. \u201cWe believe the acquisition of this &hellip; Continue reading \"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-06T17:33:19+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210106005696r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon","datePublished":"2021-01-06T17:33:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/"},"wordCount":839,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210106005696r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/arcimoto-enters-purchase-agreement-to-expand-manufacturing-footprint-by-185000-square-feet-in-eugene-oregon\/","name":"Arcimoto Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet In Eugene, Oregon - 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