Arcimoto, Inc. Enters Purchase Agreement to Expand Manufacturing Footprint by 185,000 Square Feet in Eugene, Oregon
January 06, 2021 at 05:30 pm
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Arcimoto, Inc.® 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’s current manufacturing facilities, the new site will be instrumental in achieving mass production of Arcimoto’s ultra-efficient electric vehicles. The sale is contingent upon the Company’s 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.
Arcimoto, Inc. is engaged in the design, development, manufacturing, and sales of electric vehicles. The Company has introduced six vehicle products built on the first Arcimoto platform that target specific niches in the vehicle market. Its flagship product, the Fun Utility Vehicle (FUV), for everyday consumer trips; the Deliverator for last-mile delivery and general fleet utility; the Rapid Responder for emergency services and security; the Cameo for film, sports and influencers; the Arcimoto Roadster, an unparalleled electric on-road thrill machine; and the Flatbed, the Company's solution for a right sized pickup truck. The Company introduced a second vehicle platform prototype, and the first product concept on that platform, a class III e-trike codenamed the Mean Lean Machine. The Company is also selling their TRiO motorcycle upgrade kit through Tilting Motor Works, Inc., which transforms a traditional two-wheeled motorcycle into a leaning three-wheeled motorcycle.
ARCIMOTO, INC. 
