Arcimoto’s mission to help catalyze the shift to a sustainable transportation system is powered by our community of investors.
Since going public on Nasdaq in September 2017, we built out a state-of-the-art production facility in the Arcimoto Manufacturing Plant, completed regulatory compliance for the Fun Utility Vehicle, initiated production in September 2019, and are now delivering vehicles to our early customers. Pilot programs are underway with the Deliverator and the Rapid Responder, with production of those vehicles set to begin in late 2020.
Arcimoto reported Q1 2020 earnings and held an earnings webcast on June 11, 2020. As noted in the webcast, this update was essentially an addendum to our recently published Spring 2020 Company Update video, which you can view below. You can also view the Q1 2020 10-Q, or the full Q1 2020 earnings webcast below.
Polluting vehicles will soon be a relic of the past, with drivers increasingly charging their electric vehicles using solar power and other renewable energy sources.
It no longer makes sense for one person to drive a seven-passenger SUV to work every day. In the future, we’ll drive small EVs built for one or two people to maximize efficiency.
In the future, we’ll use ride-hailing peer-to-peer platforms to access fleets of small, shared vehicles whenever we need a lift. This will be more affordable for riders, reduce traffic and emissions, and free up parking space for communities. The result? More parks, less parking lots.
More than a million lives are lost each year in traffic crashes and more than 90 percent of traffic crashes involve human error. In the future, Arcimoto vehicles will feature full self-driving and networked vehicle technology. As these are adopted globally, they will combine to eliminate traffic, increase productivity and leisure time, and save millions of lives. Just get in and go.
In the future, we plan to build Arcimoto Manufacturing Plants across the globe to produce low-cost Arcimoto vehicles for local markets. This will create new green tech jobs, boost the local economy, and eliminate the need for expensive and polluting global shipping practices.
In the future, we’re all in this together.
Global warming from carbon emissions is the greatest threat this planet has ever faced. The only way to face it is to rethink everything. How we drive, how we eat, how we shop, how we live.
Our mission is to catalyze the shift to a sustainable transportation system. We believe that will only happen when we move away from oversized, overpriced, polluting vehicles to right-sized, ultra-efficient EVs we all can afford. We can’t afford not to.
This is our vision for the future of sustainable transportation. We hope you’ll join us for the ride.